What is the difference between Bitcoin and Bitcoin Cash?

3 answers

• Dec 17, 2021 · 3 years ago
  Bitcoin and Bitcoin Cash are both cryptocurrencies, but they have some fundamental differences. Bitcoin was the first cryptocurrency and remains the most well-known and widely used. It operates on a decentralized network and has a limited supply of 21 million coins. Bitcoin Cash, on the other hand, was created as a result of a hard fork from Bitcoin in 2017. It aimed to increase the block size limit of Bitcoin, allowing for faster and cheaper transactions. While Bitcoin Cash shares some similarities with Bitcoin, such as the use of blockchain technology, it has a larger block size and different consensus mechanism. Overall, the main difference between Bitcoin and Bitcoin Cash lies in their approach to scalability and transaction fees.
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• Dec 17, 2021 · 3 years ago
  Bitcoin and Bitcoin Cash are like two siblings in the cryptocurrency world. Bitcoin is the older brother, established in 2009, while Bitcoin Cash came into existence in 2017. The main reason for the creation of Bitcoin Cash was to address the scalability issue of Bitcoin. Bitcoin Cash increased the block size from 1MB to 8MB, allowing for more transactions to be processed in each block. This change resulted in faster confirmation times and lower transaction fees compared to Bitcoin. However, Bitcoin still holds the crown as the most valuable and widely accepted cryptocurrency. So, while Bitcoin Cash offers some advantages in terms of transaction speed and cost, Bitcoin remains the king of the crypto world.
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• Dec 17, 2021 · 3 years ago
  Bitcoin and Bitcoin Cash may sound similar, but they have distinct differences. Bitcoin is the original cryptocurrency, created by an anonymous person or group known as Satoshi Nakamoto. It has a limited supply and is widely accepted as a store of value. Bitcoin Cash, on the other hand, was created as a result of a disagreement within the Bitcoin community regarding the scalability of the network. Bitcoin Cash increased the block size to 8MB, allowing for more transactions to be processed at once. This change aimed to improve transaction speed and reduce fees. While Bitcoin Cash has gained some popularity, Bitcoin still remains the dominant cryptocurrency in terms of market capitalization and acceptance.
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