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❓ASK What are the differences between Bitcoin Cash and Bitcoin?

faribakhazaei

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In fact the structure of Bitcoin Cash has got the same with Bitcoin, and there is nothing weird in since Bitcoin Cash has been created as a result of Bitcoin divergence, however Bitcoin Cash has some more benefits and meits rather than Bitcoin which i mentionthe most important as below:

  1. Speed: yes! This the most significant difference between these two coins, truely The average of a block in bitcoin just reach to 1 mega byte per second while The speed of any transaction in Bitcoin Cash exceeds of 32 mega byte per second. So as you guess this crypto got more extensive block than Bitcoin.
  2. Less fee: the other sifference is the fee you pay for the transaction which is highly important for many people.
  3. Segwit: this coin removed segwit.
  4. The feature replace by fee doesnt play any role for this coin.
So as we see the differences might result in some big changes in future for this currency. Since this coin is a fork of the mother coin "Bitcoin" it may got a better chance to come as the most powerfull trend in crypto for not a far future.
 
The cost of mining bitcoin cash is also less compare to that of Bitcoin, though it has limited blocksize of 8MB . It could also become very powerful too though not as high as bitcoin.
 
I don't think Bitcoin cash will beat bitcoin anytime soon. The coin will still needs a lot more supporters and adopters to even rival the current bitcoin price. Not to mention, the lightning network Bitcoin has is always improved overtime.
 
The new cryptocurrency was created as a result of the Bitcoin fork with almost same goal and to fulfill the original promise of Bitcoin but with a few upgrades. Both Bitcoin and Bitcoin Cash are an electronic peer-to-peer payment system, a cryptocurrency which can be used for performing transactions online anonymously.
 
BitcoinCash involves significantly faster transactions and also the transaction fees is low when you compare the same with bitcoin. Now BitcoinCash is even overtaking Ethereum !
 
what is segwit ? and just I don't think bitcoin cash will ever reach 10k dollars because since its start , it has never made any huge upward movement in short time , not like bitcoin did in 2017
 
Bitcoin cash still has a lot of way to go. The level of adoption of the coin is still very low and despite it being similar in some ways to bitcoin, they are definitely not in the same league.
I have not dealt with bitcoincash and how are the transaction in relation to the fees.Is it upto $3 dollars sometimes for a less than $20 transaction?Well am taking a keen interest in the coin aswel.
 
I have not dealt with bitcoincash and how are the transaction in relation to the fees.Is it upto $3 dollars sometimes for a less than $20 transaction?Well am taking a keen interest in the coin aswel.
To be honest, I have only dealt with bitcoin cash once before so my knowledge of it is quite limited. However, going by people's opinion, the transaction fees are quite low.
 
To be honest, I have only dealt with bitcoin cash once before so my knowledge of it is quite limited. However, going by people's opinion, the transaction fees are quite low.
Yeah its good to just get to know more on how these coins characteristics are.Its just the Same with some wallets like payeer,faucetpay and luno.They really have some exciting features such that If not explored you would be missing out.
 
Yeah its good to just get to know more on how these coins characteristics are.Its just the Same with some wallets like payeer,faucetpay and luno.They really have some exciting features such that If not explored you would be missing out.
You are very right. It can be really handy to have adequate knowledge of anything 'crypto'. I rarely see those interested in bitcoin cash though, maybe that is why my interest has not been piqued by the coin.
 
You are very right. It can be really handy to have adequate knowledge of anything 'crypto'. I rarely see those interested in bitcoin cash though, maybe that is why my interest has not been piqued by the coin.
Absolutely right,i will just indulge myself in research and see the experience i will come out with.At the end of the day its good to go with what is verified by others too so that you don't go off grid totally and end up in a shock.
 
I have invested $5 on Bitcoin cash and I am hoping it will rise very soon. I know that Bitcoin cash may not rise up to Bitcoin standard anytime soon but I still believe it will some years to come
 
I think the major difference between the two coin is the transaction fees , since the one of btc is more higher than bitcoin itself , i have invested in bch before and make some profit
 
Prices and transaction fees . I prefer dealing with BCH than BTC. Plus it's quite easy to get ahold of BCH than BTC nowadays because the price of BTC is high!
 
Prices and transaction fees . I prefer dealing with BCH than BTC. Plus it's quite easy to get ahold of BCH than BTC nowadays because the price of BTC is high!
You can always get bitcoin in any amount you want though I will agree with you in terms of transaction fee for bitcoin cash been lower than bitcoin likewise speed of transaction
 
They're almost the same, but are built on separate blockchain. The address is similar, but Bitcoin cash wallet address starts with 'bc' before another other letter follows up.
 
The relationship that exist between bitcoin and bitcoin cash is that of a mother and a daughter (bitcoin fork) as the daughter get married to another family (Different blockchain), there value also differ.
 
You can always get bitcoin in any amount you want though I will agree with you in terms of transaction fee for bitcoin cash been lower than bitcoin likewise speed of transaction
Yeah that's why it's more of keep your btc and treat it as an investment than use it to transact itself. Either way it's still has a long way to go.
 

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