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What makes Bitcoin Cash better than Bitcoin when transacting

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Well Bitcoin is the ancient crypto currency and at was created in 2009 with a value of $0.02 per. It is used for online transactions and the transactions history can be seen on the blockchain.

Then in 2017 a new crypto coin by the name Bitcoin Cash was given birth to as a result of hard fork of bitcoin. It is the improved version of bitcoin and we are going to check whats makes it better than bitcoin.

  • Faster Transactions - BCH increase its block size therefore transactions can be completed at a lightning speed as compared to bitcoin. Bitcoin takes time to confirm transaction on the blockchain which makes it a big disadvantage to use it a a payment method when transacting online

  • Cheap transactions costs - transaction cost on BCH are far much cheaper than BTC, it cost about $0.18 per transaction so merchants wont have to incur unnecessary transaction cost as it will force then to pass the cost to end users by increasing their prices in order to meet their transaction cost.

So if you want to consider accepting cryptocurrency as payment method then Bitcoin cash is th way to go as it is cheaper and has a faster network.

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Comments

Yeah BCH is way cheaper than BTC.

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1 year ago

I think when there is mass adoption of crypto the things that will help are those mentioned in the article. They become really important in actual usage

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1 year ago

transaction cost on BCH are far much cheaper than BTC, it cost about $0.18 per transaction That's so not right. The BCH transactions cost less than $0.01. Usually around $0.001. Please correct your article.

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1 year ago

thanks for the info ❣️

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1 year ago

The winner in this boxing match clearly it will be BCH. none other than Bitcoin Cash. The fees of BTC is too much in lots of Exchanger. Whenever I have thia transaction I always Exchange my BTC to BCH or XRP because this too have a little mining fee than they other cryptocurrency.

Well just saying you know. Thanks

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1 year ago

👍

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1 year ago