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What are the key features that set bitcoin apart from bitcoin cash? 🚀

avatarRichard BoykinDec 17, 2021 · 3 years ago1 answers

Can you explain the main differences between bitcoin and bitcoin cash?

What are the key features that set bitcoin apart from bitcoin cash? 🚀

1 answers

  • avatarDec 17, 2021 · 3 years ago
    Bitcoin and bitcoin cash are two different cryptocurrencies that share a common history. Bitcoin cash was created as a result of a hard fork from bitcoin, which means that it shares the same transaction history up until the fork. The main difference between the two is their approach to scalability. Bitcoin cash has a larger block size, which allows for more transactions to be processed per block. This results in faster transaction times and lower fees compared to bitcoin. However, bitcoin cash has faced criticism for centralization concerns due to its larger block size. Bitcoin, on the other hand, is exploring other solutions like the Lightning Network to improve scalability without increasing the block size. Both bitcoin and bitcoin cash have their own strengths and weaknesses, and the choice between the two ultimately depends on individual needs and preferences.