Why is BCH better?

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Avatar for seafish80
4 years ago

Why is BCH better?

1MB! That's enough, and you don't need more. For laymen, why is 1MB the reason BCH surpasses BTC?

The block size available for transactions on the BTC network is currently limited to 1MB, which means that transactions on the BTC network will become very expensive during congestion, because people bid against each other to confirm the transaction, and the highest bid is preferred to confirm the transaction. When the network is congested, the service charge of BTC is thousands or even tens of thousands of times higher than that of BCH, while the speed is the same as snail, so that the transaction experience on BCH is better. Transaction speed and cost are enough for you to choose BCH. Although most people still keep BTC, it is more for value storage. If it is only for consumers or ordinary users, BCH may be a more convenient choice.

So what's so great about deep web content, services and privacy? In order to protect privacy, BCH has shuffling and cashhuffle functions, which provide good privacy for users. There is a coin mixer on BTC, but due to the high cost, it is usually managed and very expensive to use. So far, BCH has better on chain privacy. Although you can implement the same functional groups on BTC, the price of the same service is 1000 times more expensive.

At present, the BTC has not yet completed all the functions of its tenet and commitment when it was launched in 2009. Even though BTC has become a cryptocurrency known all over the world, the reality should not be the way it should operate. It is necessary to expand the temporarily set size of 1m to use bitcoin as a fast trading and cheap transaction currency. However, this idea has caused a great controversy. As a result, the original bitcoin community is completely divided into two communities. Those who want to keep 1m and don't worry about the high fees (such as more than $100) will continue to choose BTC, while those who want to increase the block size to serve more people will support BCH. Of course, BCH is not perfect at present and has not solved all problems. All cryptocurrency projects are experimental. No one knows what will happen in the future. The future BCH tour will be full of fun and pressure. However, BCH developers and communities are trying to optimize and make it more perfect. It is only a matter of time.

BCH is an attempt to return to bitcoin. With BCH, you will know why you chose it.

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