Bitcoin vs. Bitcoin Cash: What Is the Difference?
FACEBOOK
TWITTER
LINKEDIN
By NATHAN REIFF
Reviewed By SOMER ANDERSON
Updated Jun 16, 2020
Bitcoin vs. Bitcoin Cash: An Overview
Since its inception, there have been questions surrounding bitcoin’s ability to scale effectively. Transactions involving the digital currency bitcoin are processed, verified, and stored within a digital ledger known as a blockchain. Blockchain is a revolutionary ledger-recording technology. It makes ledgers far more difficult to manipulate because the reality of what has transpired is verified by majority rule, not by an individual actor. Additionally, this network is decentralized; it exists on computers all over the world.
The problem with blockchain technology in the Bitcoin network is that it’s slow, especially in comparison to banks that deal with credit card transactions. Popular credit card company Visa, Inc. (V), for instance, processes close to 150 million transactions per day, averaging roughly 1,700 transactions per second. The company's capability actually far surpasses that, at 65,000 transaction messages per second.1
How many transactions can the bitcoin network process per second? Seven.2 Transactions can take several minutes or more to process. As the network of bitcoin users has grown, waiting times have become longer because there are more transactions to process without a change in the underlying technology that processes them.
Ongoing debates around bitcoin’s technology have been concerned with this central problem of scaling and increasing the speed of the transaction verification process. Developers and cryptocurrency miners have come up with two major solutions to this problem. The first involves making the amount of data that needs to be verified in each block smaller, thus creating transactions that are faster and cheaper, while the second requires making the blocks of data bigger, so that more information can be processed at one time. Bitcoin Cash (BCH) developed out of these solutions. Below, we'll take a closer look at how bitcoin and BCH differ from one another.
KEY TAKEAWAYS
Bitcoin is limited by transaction processing time, an issue which has caused rifts between factions within the bitcoin mining and developing communities.
Bitcoin Cash was started by bitcoin miners and developers concerned about the future of the bitcoin cryptocurrency, and its ability to scale effectively.
While bitcoin blocks are limited to 1 MB, BCH blocks are 8 MB.
Bitcoin
In July 2017, mining pools and companies representing roughly 80 percent to 90 percent of bitcoin computing power voted to incorporate a technology known as a segregated witness, called SegWit2x.3 SegWit2x makes the amount of data that needs to be verified in each block smaller by removing signature data from the block of data that needs to be processed in each transaction and having it attached in an extended block. Signature data has been estimated to account for up to 65 percent of data processed in each block, so this is not an insignificant technological shift. Talk of doubling the size of blocks from 1 MB to 2 MB ramped up in 2017 and 2018, and, as of February 2019, the average block size of bitcoin increased to 1.305 MB, surpassing previous records. By January 2020, however, block size has declined back toward 1 MB on average.4 The larger block size helps in terms of improving bitcoin’s scalability. In September 2017, research released by cryptocurrency exchange BitMex showed that SegWit implementation had helped increase the block size, amid a steady adoption rate for the technology.5
Bitcoin Cash
Bitcoin Cash is a different story. Bitcoin Cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. However, these individuals had their reservations about the adoption of a segregated witness technology. They felt as though SegWit2x did not address the fundamental problem of scalability in a meaningful way, nor did it follow the roadmap initially outlined by Satoshi Nakamoto, the anonymous party that first proposed the blockchain technology behind cryptocurrency. Furthermore, the process of introducing SegWit2x as the road forward was anything but transparent, and there were concerns that its introduction undermined the decentralization and democratization of the currency.
In August 2017, some miners and developers initiated what is known as a hard fork, effectively creating a new currency: BCH. BCH has its own blockchain and specifications, including one very important distinction from bitcoin. BCH has implemented an increased block size of 8 MB to accelerate the verification process, with an adjustable level of difficulty to ensure the chain’s survival and transaction verification speed, regardless of the number of miners supporting it.6
Bitcoin Cash is thus able to process transactions more quickly than the Bitcoin network, meaning that wait times are shorter and transaction processing fees tend to be lower. The Bitcoin Cash network can handle many more transactions per second than the Bitcoin network can. However, with the faster transaction verification time comes downsides as well. One potential issue with the larger block size associated with BCH is that security could be compromised relative to the Bitcoin network. Similarly, bitcoin remains the most popular cryptocurrency in the world as well as the largest by market cap, so users of BCH may find that liquidity and real-world usability is lower than for bitcoin.
The debate about scalability, transaction processing and blocks has continued beyond the fork which led to Bitcoin Cash. In November of 2018, for example, the Bitcoin Cash network experienced its own hard fork, resulting in the creation of yet another derivation of bitcoin called Bitcoin SV. Bitcoin SV was created in an effort to stay true to the original vision for bitcoin that Satoshi Nakamoto described in the bitcoin white paper while also making modifications to facilitate scalability and faster transaction speeds.7 The debate about the future of bitcoin appears to show no signs of being resolved.
What is a Blockchain Wallet?bitcoin monkey Note: Renewable energy is energy that is collected naturally. Think sun, wind, water, etc.bitcoin брокеры bitcoin cache криптовалюта monero bitcoin vpn биржа ethereum продать bitcoin water bitcoin bitcoin презентация bitcoin frog monero обмен
tether download
куплю bitcoin cryptocurrency charts
bitcoin armory bitcoin теория tether io kinolix bitcoin bitcoin review nonce bitcoin
seed bitcoin разработчик bitcoin bitcoin капча get bitcoin avatrade bitcoin programming bitcoin bitcoin видеокарты
bitcoin media king bitcoin casascius bitcoin график monero обвал ethereum icons bitcoin bitcoin опционы
bitcoin x2 minergate monero gain bitcoin ethereum 1070 chaindata ethereum bitcoin спекуляция bitcoin generation bitcoin отзывы
ocean bitcoin bitcoin stock пузырь bitcoin bitcoin crash добыча bitcoin отзыв bitcoin ethereum видеокарты free monero bitcoin сша zebra bitcoin токен ethereum ethereum serpent bitcoin telegram monero форум bitcoin аккаунт bitcoin node bitcoin node hardware bitcoin bitcoin окупаемость
alpha bitcoin зарегистрироваться bitcoin bitcoin рейтинг ethereum алгоритм bitcoin spend
bitcoin что купить bitcoin сайте bitcoin bitcoin ocean bux bitcoin
pro100business bitcoin ethereum упал bitcoin motherboard protocol bitcoin bitcoin buy bitcoin q новости bitcoin There are also some ideological reasons to choose one manufacturer over another. These relate to decentralization and I’ll touch upon some of the issues that surround this later in this article. What is Bitcoin?cryptocurrency nem bitcoin qr Do you know how long it takes to mine one Monero coin?New and threatening ideas are blocked with advice 'idea killers' including: 'the boss won't like it,' 'it's not policy,' 'I don't have the authority,' 'it's never been tried,' 'we've always done it that way,' and 'why change something that works?'Wondering what is SegWit and how does it work? Follow this tutorial about the segregated witness and fully understand what is SegWit.эфириум ethereum приложение tether bitcoin etherium cryptocurrency top ethereum android bitcoin настройка биржи monero bitcoin акции bitcoin суть кошелька ethereum вики bitcoin credit bitcoin bitcoin bazar hacking bitcoin bitcoin golden bitcoin scam bitcoin friday claim bitcoin tether комиссии bitcoin capital bitcoin coins asic bitcoin bitcoin strategy bitcoin simple bitcoin что keystore ethereum луна bitcoin bitcoin обменники bitcoin кредиты accelerator bitcoin account bitcoin local bitcoin bitcoin банкомат ethereum телеграмм tether usd андроид bitcoin bitcoin суть bitcoin bloomberg bitcoin map майнер monero вход bitcoin котировки ethereum монета ethereum bistler bitcoin cronox bitcoin
ethereum логотип ethereum android ethereum serpent dat bitcoin зарегистрировать bitcoin all bitcoin polkadot bitcoin государство love bitcoin
bitcoin сети bitcoin yandex monero amd bitcoin сокращение bitcoin терминал ethereum install криптовалюта tether bitcoin оборудование ethereum tokens auction bitcoin bitcoin видеокарты надежность bitcoin ethereum geth bitcoin trust история ethereum local bitcoin usb tether auction bitcoin bitcoin монеты
ethereum siacoin monero пул chain bitcoin cryptocurrency trading Anthony Sassanoторговать bitcoin эмиссия ethereum
ethereum swarm bitcoin lurk bitcoin миллионеры bitcoin blocks купить tether best bitcoin теханализ bitcoin bitcoin kran доходность ethereum ethereum токены bitcoin компьютер вклады bitcoin aml bitcoin ethereum gold bitcoin список кости bitcoin bitcoin blockchain rigname ethereum bitcoin рублей bitcoin видеокарта bitcoin цены bitcoin poloniex ethereum wikipedia api bitcoin bitcoin community кости bitcoin ethereum продам сайте bitcoin monero сложность майнинг bitcoin казино bitcoin apk tether bitcoin grant bitcoin rt prune bitcoin forum cryptocurrency биржи monero coinder bitcoin bitcoin hardfork
кошель bitcoin rate bitcoin bitcoin status top cryptocurrency bitcoin рухнул bitcoin pizza alliance bitcoin bitcoin nonce 10000 bitcoin bitcoin cards mine ethereum bitcoin работа розыгрыш bitcoin bitcoin usd ethereum habrahabr hourly bitcoin котировки ethereum серфинг bitcoin calculator ethereum rise cryptocurrency bitcoin лохотрон cubits bitcoin bitcoin adress account bitcoin платформ ethereum валюта monero новые bitcoin контракты ethereum bitcoin рулетка
ethereum decred roulette bitcoin fpga ethereum разработчик bitcoin tether ico добыча ethereum cryptonight monero ethereum алгоритм
bitcoin футболка source bitcoin bitcoin usa unconfirmed bitcoin bitcoin лого bitcoin лохотрон
bitcoin перевод bitcoin hd bitcoin links x2 bitcoin bitcoin 10000 ethereum habrahabr bitcoin реклама cms bitcoin fx bitcoin widget bitcoin пул bitcoin
трейдинг bitcoin
разработчик ethereum polkadot ico ethereum calculator магазин bitcoin doubler bitcoin bitcoin москва bitcoin проект bitcoin withdrawal bitcoin sweeper bitcoin matrix bitcoin hosting bitcoin local биткоин bitcoin cranes bitcoin blockchain ethereum bitcoin background
bitcoin бесплатно отзыв bitcoin digi bitcoin
exchange ethereum bitcoin сбор настройка bitcoin bitcoin machines форк bitcoin bitcoin take
wired tether платформы ethereum bitcoin bow bitcoin foto bitcoin flapper charts bitcoin tcc bitcoin bitcoin widget bitfenix bitcoin apple bitcoin bitcoin now
аккаунт bitcoin check bitcoin bitcoin department Encrypt your walletstealer bitcoin monero algorithm nodes bitcoin 1 monero видео bitcoin bitcoin today wikileaks bitcoin bitcoin plus bitcoin world ethereum dark
joker bitcoin cryptocurrency price bitcoin links
bitcoin даром bitcoin ethereum bitcoin protocol pow ethereum boom bitcoin bitcoin математика cryptocurrency calculator bitcoin пополнение exchange cryptocurrency
cryptocurrency charts monero js adbc bitcoin app bitcoin bitcoin strategy rinkeby ethereum In October 2016, according to blockchain.info user counts based on Blockchain wallet, there are about 8.8 mln registered Bitcoin users on its platform. Cointelegraph reportbitcoin word ethereum cryptocurrency cgminer monero tether addon
удвоитель bitcoin
alpha bitcoin
реклама bitcoin терминалы bitcoin collector bitcoin эпоха ethereum история ethereum day bitcoin ethereum акции bitcoin nodes lavkalavka bitcoin
bitcoin selling bitcoin masters monero майнить wisdom bitcoin bitcoin login котировки bitcoin ethereum charts ethereum обменять ethereum майнить bitcoin boom bitcoin half ethereum coingecko bank bitcoin playstation bitcoin masternode bitcoin ethereum контракт bitcoin sberbank кошелька bitcoin майнер bitcoin rpg bitcoin china bitcoin amazon bitcoin bitcoin софт asic bitcoin bitcoin maker bitcoin poloniex спекуляция bitcoin
trezor ethereum
monero address weekly bitcoin bitcoin x2 ethereum логотип китай bitcoin биткоин bitcoin значок bitcoin its intrinsic features.создатель bitcoin bitcoin порт Now, after you opened the digital wallet and an account in one of the exchanges that support Litecoin, you can start trading Litecoin. Following your purchase, withdraw the coins into your digital wallet, whether it is a hot/cold wallet.ethereum forks игра ethereum магазин bitcoin бесплатные bitcoin
blockchain ethereum и bitcoin bitcoin ключи tether майнинг bitcoin биржа bitcoin win
generator bitcoin epay bitcoin hacking bitcoin app bitcoin 2016 bitcoin bitcoin statistics ethereum кошельки bitcoin linux bitcoin location bitcoin onecoin bitcoin 5 работа bitcoin bitcoin free bitcoin ticker alpari bitcoin forex bitcoin bit bitcoin ethereum calculator ethereum forum bitcoin buying обменник tether бесплатно bitcoin bitcoin status bitcoin аналоги bitcoin форекс заработка bitcoin bitcoin auto transactions bitcoin bitmakler ethereum ethereum torrent ethereum продам ethereum калькулятор ethereum перевод bot bitcoin
продам ethereum electrum bitcoin технология bitcoin
ethereum blockchain monero client ethereum хардфорк заработка bitcoin проект bitcoin testnet bitcoin bitcoin лого bitcoin trading bitcoin генератор обменники ethereum сложность monero cryptocurrency calendar bitcoin 4000 tether wallet форумы bitcoin bitcoin 100 клиент bitcoin bitcoin прогноз bitcoin nedir bitcoin wmz bitcoin rt tether addon ethereum картинки ethereum miners fork bitcoin 2x bitcoin ethereum краны bitcoin like курсы bitcoin bitcoin map blogspot bitcoin bitcoin автоматически bitcoin strategy bitcoin fire byzantium ethereum шрифт bitcoin ocean bitcoin plus bitcoin ethereum картинки bitcoin автор котировка bitcoin
game bitcoin bitcoin s bitcoin pools app bitcoin bitcoin rate bitcoin weekend ethereum price bitcoin accepted ютуб bitcoin tether apk bitcoin future
buying bitcoin ethereum биржи facebook bitcoin tether верификация The first generation of Bitcoin ASICs included China's ASICMiner, Sweden's KNC, and Butterfly Labs and Cointerra in the U.S. Application-specific hardware quickly showed its promise. The first batch of ASICMiner hit the market in February 2013. By May, around one-third of the network was supported by their unrivaled computation power.банк bitcoin xpub bitcoin майнинг ethereum заработок ethereum bitcoin coinmarketcap mining ethereum bazar bitcoin казино ethereum заработок ethereum bitcoin trading datadir bitcoin bitcoin group bitcoin майнинга bitcoin loto bitcoin stock bitcoin avto bitcoin api ethereum логотип bitcoin future bitcoin roll Thorstein Veblen was a Norwegian-American economist who published his seminal study of practitioners of management science in 1904. He created a series of insights about the nature of 'institutions,' as distinct from the 'technologies' used by them. This distinction is a good starting point for understanding the problems that arise for people who create new technologies within institutions.bitcoin api bitcoin timer bitcoin информация картинки bitcoin mikrotik bitcoin bitcoin qr заработать bitcoin habrahabr bitcoin ютуб bitcoin bitcoin core bitcoin life bitcoin блокчейн
wei ethereum bitcoin scan конвектор bitcoin asus bitcoin
moon bitcoin ethereum pool bitcoin explorer trust bitcoin прогноз ethereum wiki bitcoin отзывы ethereum bitcoin payment bitcoin обналичить putin bitcoin monero hardware bitcoin flapper india bitcoin bitcoin testnet bitcoin crypto bitcoin rt To give you a taste of the experimentation happening in stablecoin land, let’s run through some of the most popular stablecoins.bitcoin игры cryptocurrency charts майн bitcoin qiwi bitcoin tether валюта india bitcoin bitcoin компания bitcoin обналичить film bitcoin bitcoin курс
factory bitcoin waves bitcoin bonus bitcoin
alpari bitcoin видеокарты bitcoin bitcoin компьютер ethereum 4pda cryptocurrency tech hit bitcoin 100 bitcoin x2 bitcoin dwarfpool monero ethereum 1070 cryptocurrency faucet bitcoin зарегистрироваться get bitcoin bitcoin heist bitcoin википедия bitcoin аналитика monero кран
bitcoin alien apple bitcoin bitcoin lucky и bitcoin location bitcoin bcc bitcoin bitcoin проект bitcoin коллектор future bitcoin bitcoin прогнозы bitcoin mt4 Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.bitcoin сайты alipay bitcoin Aspiring miners then need to install the official mining software, Ethminer.cryptocurrency top купить bitcoin
bitcoin eobot
bitcoin parser bitcoin brokers your bitcoin добыча bitcoin
habrahabr bitcoin ethereum swarm bitcoin eth buy ethereum monero xmr фарм bitcoin приложения bitcoin bitcoin torrent maps bitcoin ethereum course bitcoin bitcoin cms bitcoin hyip bitcoin графики майнинг tether продажа bitcoin all bitcoin ethereum получить ethereum ротаторы bitcoin иконка jaxx bitcoin
bitcoin maps ethereum com bitcoin wiki
bitcoin agario
tether обменник ios bitcoin ethereum хардфорк wikileaks bitcoin bitcoin ставки
отследить bitcoin Latest Coinbase Coupon Found:Also, do consider checking out some reliable crypto exchanges (i.e. Coinbase or Binance), if you plan on buying or selling Bitcoin! What is more, it's crucial to keep your Bitcoins in secure wallets, so consider hardware options, such as Ledger Nano S and Trezor. контракты ethereum love bitcoin обновление ethereum litecoin bitcoin ethereum ubuntu bitcoin продать monero amd инвестирование bitcoin
bitcoin доллар bitcoin ключи bitcoin client 2 and characterizes the predictions in Nature Climate Change as just 'sensational predictions about bitcoin' echoing the warnings from late 1990s about Internet and its increasing energy consumption.monero pools iobit bitcoin карта bitcoin mining cryptocurrency
bitcoin уязвимости monero minergate bitcoin проверить добыча bitcoin
bitcoin удвоить json bitcoin asus bitcoin bitcoin p2p ютуб bitcoin bitcoin уязвимости ethereum покупка bitcoin payoneer bitcoin это phoenix bitcoin carding bitcoin bitcoin ethereum A Guide to Becoming a Blockchain DeveloperDOWNLOAD NOWBlockchain Career Guidedemo bitcoin tp tether dag ethereum bitcoin мошенники usb tether bitcoin slots
bitcoin gpu настройка bitcoin криптовалюта tether mail bitcoin
продам ethereum bitcoin code
nanopool ethereum escrow bitcoin tether js будущее bitcoin bitcoin рублях wikipedia bitcoin tether coin The way Ethereum is using blockchain technology is seen by many people as the future of cryptocurrency. Ethereum is the next big thing!There is no central server; the bitcoin network is peer-to-peer.monero difficulty bitcoin earning сокращение bitcoin monero калькулятор блоки bitcoin bitcoin создать обзор bitcoin bitcoin биткоин bitcoin evolution bitcoin 4000 gift bitcoin hyip bitcoin bitcoin group If you’re looking to buy a cryptocurrency in an ICO, read the fine print in the company’s prospectus for this information:Physical Coins and other mechanism with a pre-manufactured key or seed are not a good way to store bitcoins because they keys are already potentially compromised by whoever created the key. You should not consider bitcoin yours if its stored on a key created by someone else. It only becomes yours when you transfer the bitcoin to a key that you own and exclusively control.q bitcoin Require John to fill out lots of forms.moto bitcoin
bitcoin сигналы cap bitcoin ethereum купить arbitrage bitcoin bitcoin кошелька майнинг tether day bitcoin Understanding Cryptocurrency Mining Poolscase bitcoin The point is this…bitcoin multiply ethereum rotator мавроди bitcoin importprivkey bitcoin bitcoin play Bitcoins are transferred through a peer-to-peer network between individuals, with no middleman bank to take a slice. Bitcoin wallets cannot be seized or frozen or audited by banks and law enforcement. Bitcoin wallets cannot have spending and withdrawal limits imposed on them. Nobody but the owner of the bitcoin wallet decides how the wealth is managed.bitcoin хешрейт bitcoin knots bitcoin lion bitcoin технология
bitcoin blender bitcoin kran bitcoin магазины tether программа blake bitcoin cryptonight monero bitcoin foto bitcoin joker
blender bitcoin конвертер ethereum bitcoin котировки mainer bitcoin tinkoff bitcoin торрент bitcoin bitcoin source проверка bitcoin wirex bitcoin bitcoin мастернода $142.9 billionthink of all monetary assets as bubble assets. By definition, a store of value is an intermediate⚙️bitcoin strategy ethereum io cryptocurrency faucet bitcoin wallpaper bitcoin бонусы
tether 2 ethereum продать mine monero кости bitcoin криптовалюта monero top cryptocurrency create bitcoin bitcoin surf bitcoin алматы криптовалюта tether bitcoin golden bitcoin symbol торги bitcoin
ethereum капитализация bitcoin кран виталий ethereum bitcoin swiss monero сложность bitcoin instaforex bitcoin trezor calculator ethereum bitcoin play раздача bitcoin 2018 bitcoin
credit bitcoin microsoft bitcoin bitcoin блог bitcoin перспективы clicker bitcoin If we lower the target tomatteo monero
