Unlike other cryptocurrencies, Bitcoin Cash is in direct competition with Bitcoin itself. Bitcoin Cash is a hard fork of Bitcoin. Both cryptocurrencies are proposing their own solutions to the scalability problem. A key factor in Bitcoin Cash’s potential for success will be whether users decide that directly increasing the blocksize is more effective than SegWit. You also need to keep in mind that in the early stages, Bitcoin Cash will “take” from Bitcoin. Although Bitcoin Cash and Bitcoin are in direct competition for user attention, there is the potential for Bitcoin Cash to carve out its own niche in the cryptocurrency ecosystem.
@gulm420 posted 2 years ago