Bitcoin vs Bitcoin Cash, The differences between them

greatvideos (59)in #bitcoin • 7 years ago (edited)

Bitcoin Cash has a block size of 8mb a faster verification process and it can adjust the level of difficulty to make sure the chain survives regardless of the number of miners

Bitcoin Cash was started by miners and developers concerned about the future of Cryptocurrency and its ability to scale properly

Bitcoin Classic has only 1 MB block size a transaction can take up to 10 minutes
A typical full (nearly 1 MB) block in Bitcoin includes around 2000 transactions, or around 3 tx / sec at 10 min / block. 7 tx / sec in the absolute maximum

Honestly it takes a lot longer at times
It happens to me often

That sounds pretty bad considering that the number of users is growing, That means the transaction number is growing too and without a change in the underlying technology that processes the transactions its likely that the time will increase

Proff that the problem exists

IF we were to consider them equally Bitcoin Cash can handle 8 time more transactions than Bitcoin Classic

But with Bitcoin Cash when the difficulty has adjusted it will reduce the transaction time to 2.5 minutes instead of 10
Now that is a lot more transactions than Bitcoin Classic can handle
However the security of Bitcoin Cash is unclear

Can Bitcoin Cash overtake Bitcoin Classic?
I think is an answer no one can give it

The latest rise to $2800 of Bitcoin Cash was only coming from Korea
Bithumb exchange was the one with a huge volume of Bitcoin Cash Traded

So it's hard to picture the future of Bitcoin Cash

But for now it looks like the cryptocurrency enthusiasts are happy with Bitcoin Cash

The price of Bitcoin $6584

The price of Bitcoin Cash $1344

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7 years ago in #bitcoin by greatvideos (59)

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grizgal (55) 7 years ago

There is a lot more to come on this story! The next few months should be very interesting.

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greatvideos (59) 7 years ago

Oh yes
We need to keep an eye on them
Thank you for dropping by

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greatvideos (59) 7 years ago

@steem-untalented

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steem-untalented (62) 7 years ago

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