Bitcoin Cash is ranked in ninth place among cryptos in total market cap. And I consider that bitcoin cash is the only asset that may compete bitcoin and take its place as the most used digital currency around the globe.
Will Bitcoin Cash Really Surpass BTC?
So, let's have a look at how Bitcoin Cash can potentially exceed Bitcoin to find out the reasons and conditions for it. BCH has a variety of parallels to the classic token as a clone of BTC. However, there are also significant variations, and the biggest is the block size.
The size of BCH blocks is 8 MB, eight times the size of the BTC block. The larger blocks of BCH can include more transactions and speed up transactions. That's why many businessmen and companies concentrated on BCH and began to work with it.
The pricing diagrams depend on the number of investors who use the coin, the higher the value. Therefore, if Bitcoin Cash is cheaper and faster than BTC, bitcoin can lose its popularity in few years.
Many previous Bitcoin experts, as Roger Ver , consider Bitcoin Cash a better alternative rather than bitcoin . In early 2018, he said the younger crypto would outweigh the older one because the BTC system is slugger, overloaded and charges high fees. It is easier to use. They compete directly because BCH depends on the same code, but offers some major advantages to its users. Bitcoin Cash has a fantastic future and claims that, due to its stability and increasing acceptance, Bitcoin cash would surpass popularity and market capitalization quite fast.
Another point is that miners play a great role. BCH has become more economical to mine for all of the above advantages, increasing the number of miners on the blockchain of Bitcoin Cash, and consequently decreasing their number on the BTC network. So, in the Bitcoin pool, there were hundreds of unconfirmed transactions and sometimes the volume was up to 100,000.
What else makes Bitcoin Cash more successful over bitcoin ?
Here's my thoughts
Much than BTC, BCH tackles the double spending dilemma successfully.
Using the same mechanism defined by Satoshi Nakamoto in his Bitcoin whitepaper, Bitcoin Cash offers instant transactions. Unfortunately, it may take several hours for the classic Bitcoins to get from one wallet to another.
And most significantly, you can have BCH transactions that are free of charge. Bitcoin has also been used to provide this incentive for its users, but has been minimized over time, negatively impacting small BTC transactions.
Yeah, there are certain major benefits to Bitcoin Cash over the main cryptocurrency. Yet, the latter would not easily give up.
A BCH Takeover consequences
The key issue, then, is if a BCH takeover will ever take place and, if so, if the outcomes will be positive. It will not be bad news, in my opinion. More secure, reliable, and high-tech crypto-currencies are required by individuals and businesses. At this point, Bitcoin Cash is obviously superior to Bitcoin. We spoke about the good aspects of it, so let's sum up.
The larger block size allows for more transactions per second, almost three times more than can be done by BTC blockchain miners.
This leads to mining being faster and simpler.
Cheaper and easier to send and receive
All of this makes it the right cash to spend for daily use. People who just need digital currency to do online shopping or use it as payment for their products and services may prefer Bitcoin Cash instead of BTC, which is used more for value storage.
I'm very positive about BCH. Let's cheers to that!