EITHER or NEITHER #3 discussion- BITCOIN or BITCOIN CASH
Hello, stemians and especially crypto ones,
I welcome you to join the discussion "EITHER or NEITHER." This post has a purpose of initiating discussion about two confronted crypto coins/tokens/platforms. Here we are talking about projects and ideas these platforms are doing and developing without mentioning the current price of their coins/tokens.
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Bitcoin cash and Bitcoin are connected with the hard fork; bitcoin cash is created as a parallel blockchain by bitcoin miners and developers, they were concerned with the future of Bitcoin and its effective scalability.
BITCOIN- is the first cryptocurrency, it is called digital gold. Therefore, it is used as a store and transfer value. It is a symbol of decentralization, and it is built on a potentially the most significant technology in this decade- Blockchain. Size of the blocks is 1 MB, the more people use the bitcoin to make a transaction, the transaction fees are raising, and the whole system becomes slower. The lightning network fixed a part of that problem.
BITCOIN CASH- is updated version of Bitcoin, size of blocks is 8 MB which lowers the fees and reliable confirmations. It is also based on the blockchain. They claim that they are fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash".
You are welcome to give support by commenting, upvoting and resteeming. Remember it is all about building quality community. I would like to see what do you think about these two and which would you pick? BITCOIN-BITCOIN CASH-NEITHER?
More disscusions:
ETHERUMorNEO
I actually like bitcoin cash better (use case, never thought of any crypto as a long term store of value though -I like hard assets for that), but why didn't they just make their own coin? But that goes for ANY fork imo
First thanks for the comment. And secondly, they forked from Bitcoin to pick up a piece of its fame. A part of bitcoin community was unsatisfied with problems bitcoin was facing, and they wanted to overthrone it by upgrading its code. Did that answer your question?