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❓ASK What is the difference between Bitcoin, Bitcoin Cash and Bitcoin Gold?

Harry Brown

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I was trading Bitcoin recently, and noticed that my broker (Jones Mutual) has recently added Bitcoin Cash and Bitcoin Gold to their list of cryptocurrencies to trade on.

Can someone explain to me the difference please - and if one is preferred for CFD trading?
 
Hi,
I will try to answer your questions

Bitcoin Cash
What is Bitcoin Cash?
Its cryptocurrency created via a fork of the Bitcoin network. This means that any user who held Bitcoin at the time of the fork (August 1st, 2017), now has an equivalent amount of Bitcoin Cash on the forked Bitcoin Cash blockchain. (Quoted from bitcoin.com)

The differences:
Bitcoins block size limit 1 mb (allowing for up to 250,000 transactions daily)
Bitcoin Cash block size limit 8 mb (allowing for up to 2,000,000 transactions daily)
So the main differences is Bitcoin Cash has fast transaction and low fee.

Bitcoin Gold
What is Bitcoin Gold?
Bitcoin Gold is a fork of the Bitcoin blockchain that will occur on October 25, 2017. This means that any user who held Bitcoin at the time of the fork, now has an equivalent amount of Bitcoin Gold on the forked Bitcoin Gold blockchain.

The differences:
Based on Equihash and Gpu mineable.
So the main differences is Bitcoin Gold cant be mine use ASIC, and allowed to be mine with lower Hashes than Bitcoin.

But remember, even if BCH and BTG have advantages, Bitcoins market cap, daily transactions, etc still the biggest in the world. BTC has more value. Both BTG and BCH are not more than just another altcoin.

Regards
 
Bitcoin is the original crypto. And it has it's own unique blockchain. Any fork of bitcoin that came later is basically having it's own blockchain and blockchain specific features which are meant for specific purpose like gold and cash planning to be leeching off the original bitcoin popularity. But they seem to have corporate agenda behind those forks.
 
There are changes in the blockchain too. That's why they are not completely part of branch. All these forks have their own blockchain now. And so the load on the bitcoin is less. And also even the bitcoin cash is now reforked again. So kind of these forks will happen as they see load on the original coin.
 
All the three are different cyptocurrencies with different wallet address. The most successful among them is Bitcoin . Recently there was a bitcoin cash fork due to which bitcoin cash was splitted into two . Bitcoin gold is another coin .
 
Bitcoin was the first cryptocurrency and bch is a fork of bitcoin , similarly bitcoingold and many others have been added to the list.

bch has lower fee than btc

bch transactions are faster and cheap
 
All the three are cryptocurrencies that have their own features. Bitcoin is the most valued coin , and was the first invented coin. Bitcoincash fees are comparitively lesser than bitcoin fees.
 
Bitcoin is the very first coin and the most expensive at the moment, and the rest are its alternatives, which differ in the speed of transactions, commission and blockchain.
 
Bitcoin , bitcoin cash and bitcoin gold are dfferent currencies , bitcoin has a higher rate , other coins are known as altcoins , that are somewhat cheap than bitcoin.
 
Tum exchange simple for you let me tell you that they are different coins and different currencies having their own different prices at the same time in the market
 
Bitcoin and Bitcoin cash are the most popular ones I guess. I have not heard much about BTG or Bitcoin gold cryptocurrency. Bitcoin is the most supreme out of these coins
 
They all the same i mean it is crypto currency, the only difference is in prices , bitcoin is the boss and i can not wait for them to all crash
so that we can buy and invest at great price
 
Hi,
I will try to answer your questions

Bitcoin Cash
What is Bitcoin Cash?
Its cryptocurrency created via a fork of the Bitcoin network. This means that any user who held Bitcoin at the time of the fork (August 1st, 2017), now has an equivalent amount of Bitcoin Cash on the forked Bitcoin Cash blockchain. (Quoted from bitcoin.com)

The differences:
Bitcoins block size limit 1 mb (allowing for up to 250,000 transactions daily)
Bitcoin Cash block size limit 8 mb (allowing for up to 2,000,000 transactions daily)
So the main differences is Bitcoin Cash has fast transaction and low fee.

Bitcoin Gold
What is Bitcoin Gold?
Bitcoin Gold is a fork of the Bitcoin blockchain that will occur on October 25, 2017. This means that any user who held Bitcoin at the time of the fork, now has an equivalent amount of Bitcoin Gold on the forked Bitcoin Gold blockchain.

The differences:
Based on Equihash and Gpu mineable.
So the main differences is Bitcoin Gold cant be mine use ASIC, and allowed to be mine with lower Hashes than Bitcoin.

But remember, even if BCH and BTG have advantages, Bitcoins market cap, daily transactions, etc still the biggest in the world. BTC has more value. Both BTG and BCH are not more than just another altcoin.

Regards
thank you for those amazing informations you really explain it all and to be honest I didin't know this before this thread, I will really focus on them for a moment
 
It's not only about the prices , they also vary greatly in transaction fees , transaction speed as well . Bitcoin is considered to be very slow in transaction speed than others.
 
I love the explanation of @Eindhart, it is clear that the bitcoin cash and bitcoin gold are daughter coins to bitcoin, with each of them having higher transactions volume daily than bitcoin probably because they are new coins.
 
Despite their names, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Bitcoin Private, and others are not the same thing as Bitcoin. They're based on Bitcoin, and are piggybacking on its name, but they're different things.
I think that the developers while trying to use the name so that people can be made to think that it is going to be as much successful as ones Bitcoin was which is most probable in of the case
 
Initially i was confused with bitcoin core in coinpot wallet. I though its not bitcoin , but later found it was bitcoin only. There's also another coin called bitcoin gold. They are naming bitcoin in prefix which i think glorifies the popularity of bitcoin.
 
Initially i was confused with bitcoin core in coinpot wallet. I though its not bitcoin , but later found it was bitcoin only. There's also another coin called bitcoin gold. They are naming bitcoin in prefix which i think glorifies the popularity of bitcoin.
yeah I was too confused with coinpot naming bitcoin as bitcoincore, but from my further researches bitcoincore is actually the old name of bitcoin and the two of them are the same
 

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