Bitcoin vs Bitcoin cash

A hard fork within the Bitcoin (BTC) community led to the creation of Bitcoin Cash (BCH). Different perspectives on how Bitcoin could scale to handle more transactions and enhance its general usability led to the establishment of Bitcoin Cash.

Initially, Bitcoin was only intended to support a certain amount of transactions per second. Due to network congestion brought on by Bitcoin's popularity, transaction fees and confirmation times have increased. This problem spurred a discussion about how to handle these scalability difficulties within the Bitcoin community.

One proposal was to raise the block size limit, which would increase the capacity of the network by allowing more transactions to be included in each block. The Bitcoin community was separated on this strategy, though. Increasing the block size, according to others, would result in centralization and make it harder for common users to join in the network.

The Bitcoin community split as a result of differences regarding the block size, then on August 1, 2017, Bitcoin Cash became available. The block size of Bitcoin Cash was increased from 1MB to 8MB, enabling the processing of more transactions per block and enhancing network scalability. Compared to Bitcoin, faster and less expensive transactions were intended by the bigger block size.

While Bitcoin backers think that keeping a smaller block size and concentrating on layer-2 scaling solutions, like the Lightning Network, is the way to go, Bitcoin Cash proponents contend that their cryptocurrency offers a more usable and effective option for daily transactions.

It's important to recall that Bitcoin (BTC) and Bitcoin Cash (BCH) are two different cryptocurrencies that have their own development teams and communities. Despite having a similar past, they differ in their blockchain networks and outlooks on the future of digital currency.