Bitcoin Cash is the future of Bitcoin !

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Avatar for kevinharten778
3 years ago

Bitcoin cash is able to process transactions a lot quickly than the Bitcoin network, that means that wait time is shorter and processing fees tend to be lower. The Bitcoin cash network can handle more transactions per second than the Bitcoin network ever will.

Bitcoin cash has cheaper transfer fees (around $0.20 per transaction), so making transactions in BCH will save you more money than using BTC. A BTC transaction price will be around $1 USD although it previously went up to around $25 per transaction!

BCH has faster transfer times. So, you don’t have to wait the 10 minutes it takes to verify a Bitcoin transaction!

BCH can handle more transactions per second. This means that more people can use BCH at the same time than they can with BTC.

All these changes are because of the very fact that a Bitcoin cash block (in the blockchain) is eight times larger than a Bitcoin block. This makes BCH quicker, cheaper and scalablethan Bitcoin. Bitcoin cash getting more and more adopted because of this.

Bitcoin Cash is a much newer cryptocurrency than Bitcoin. As a result, it is also capturing and realising its own niche in the cryptocurrency sector. Many people believe Bitcoin Cash would seize a significant portion of Bitcoin's market share, rendering it the industry's latest leading cryptocurrency. This is due to the fact that Bitcoin Cash has solved Bitcoin's scaling problems, prompting more users to adopt it with ease and lower fees.

Bitcoin Cash has recently been worth as little as 5% of Bitcoin and as much as 33% of Bitcoin. It is now trading at about 10-15% of the price of Bitcoin.

Bitcoin cash advantages:

1. Bitcoin Cash's biggest benefit is that it is both inexpensive and easier to use. This is because it is more scalable, which means that it can handle more transactions at any given time.

2. Its research team is swift to introduce scalability methods for the blockchain. As a result, it has a lot of scope for adoption and use in the future.

3. It is therefore less expensive to travel between exchanges. It's a perfect selling asset against Bitcoin as the price rises, and a good bet to hedge against Bitcoin if it loses market share one day.

Bitcoin Disadvantages Over Bitcoin Cash:

1- When comparing Bitcoin to Bitcoin Cash, the only drawback is Bitcoin's scalability problems. Bitcoin is older, slower, and has a higher transaction fee. As the industry matures, it's possible that Bitcoin will continue to lose ground to these other cryptocurrencies.

2- Another downside is that the Bitcoin core development team is not as well-coordinated as other crypto development teams, such as Ether's. They tend to be split up as a party, with no apparent leader. This makes it more difficult to negotiate on and execute scaling strategies around the network, which isn't well!

Conclusion :

BCH can become the main tool for transactions and moving money around as more users adopt it. BCH provides you much more benefits then bitcoin does. BCH is the future.

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Avatar for kevinharten778
3 years ago

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