Bitcoin cash is a touchy subject in the crypto community, but if you like drama, then it could be the cryptocurrency for you. So how did this all start well in 2017 Bitcoin saw a huge spike in popularity. It was too much for the network, and they started to see longer transaction times then people would have liked this restriction it's used as a way of paying for things in everyday life. There were several solutions offered one faction, primarily made up of Bitcoin miners and advocates like Roger Ver. The solution was to increase the block size from one megabyte to eight megabytes. The idea was that this would allow more transactions to be processed per block and speed things up a bit. This faction lost the argument, however, with others believing that the larger block size would mean weaker security, they decided instead to leave with a hard fork and bitcoin cash was created with its own blockchain and larger block size to scale eternity debate and then in May 2018 Another major update took place in the block size was increased even further to 38 megabytes in November 2018, the bitcoin cash network experienced its own hard fork and Bitcoin SV was created. So, how do they differ. Well, like pancakes and waffles Bitcoin and bitcoin cash share many ingredients, but different in some key ways. But the real difference between the two is more to do with philosophy than technology, the Bitcoin community prioritise being censorship resistant, these central decentralised permissionless, and trustless the bitcoin cash community view is that consumer math adoption of Bitcoin takes precedent over decentralisation.
Bitcoin cash is a touchy subject in the crypto community, but if you like drama, then it could be the cryptocurrency for you. So how did this all start well in 2017 Bitcoin saw a huge spike in popularity. It was too much for the network, and they started to see longer transaction times then people would have liked this restriction it's used as a way of paying for things in everyday life. There were several solutions offered one faction, primarily made up of Bitcoin miners and advocates like Roger Ver. The solution was to increase the block size from one megabyte to eight megabytes. The idea was that this would allow more transactions to be processed per block and speed things up a bit. This faction lost the argument, however, with others believing that the larger block size would mean weaker security, they decided instead to leave with a hard fork and bitcoin cash was created with its own blockchain and larger block size to scale eternity debate and then in May 2018 Another major update took place in the block size was increased even further to 38 megabytes in November 2018, the bitcoin cash network experienced its own hard fork and Bitcoin SV was created. So, how do they differ. Well, like pancakes and waffles Bitcoin and bitcoin cash share many ingredients, but different in some key ways. But the real difference between the two is more to do with philosophy than technology, the Bitcoin community prioritise being censorship resistant, these central decentralised permissionless, and trustless the bitcoin cash community view is that consumer math adoption of Bitcoin takes precedent over decentralisation.