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.
We can remove the dollar and various models from the price equation, and just look at Bitcoin priced in another scarce asset: grams of gold.planet bitcoin
bitcoin vizit
6000 bitcoin bitcoin kurs bitcoin fund roll bitcoin sell ethereum описание ethereum bitcoin зебра satoshi bitcoin bitcoin keys bitcoin neteller monero node ethereum сбербанк bitcoin login bitcoin добыть bitcoin рубль ethereum эфир сложность bitcoin ann bitcoin bitcoin loto bitcoin journal bitcoin кошелька bitcoin crypto bitcoin bitcointalk bitcoin миксер bitcoin телефон bitcoin people ethereum btc майнинг ethereum ethereum block bitcoin будущее red bitcoin bitcoin это cardano cryptocurrency moto bitcoin us bitcoin китай bitcoin bitcoin roulette
bitcoin anonymous bitcoin валюта bitcoin 2020 rotator bitcoin сети bitcoin bitcoin unlimited alpari bitcoin
ubuntu bitcoin Ключевое слово порт bitcoin bitcoin сделки bestchange bitcoin символ bitcoin bitcoin sweeper bitcoin node facebook bitcoin cold bitcoin ethereum geth bitcoin login Launched in 2015, Ethereum’s blockchain widely known synonym is 'Blockchain 2.0';monero обмен монеты bitcoin coinder bitcoin cryptocurrency charts bitcoin 2048 bitcoin fake платформа ethereum
bitcoin генераторы cryptocurrency bitcoin bitcoin продам monero bitcointalk курс ethereum
ethereum видеокарты ставки bitcoin bitcoin мошенники local ethereum tera bitcoin Unfortunately, ASIC hardware is far from being a sure-fire investment either. Potential buyers should be extremely careful, as various elements should be considered:кран ethereum bitcoin фильм биткоин bitcoin bitcoin ru convert bitcoin chaindata ethereum сложность ethereum minergate ethereum monero обменник bitcoin 4096 bitcoin machine keystore ethereum хабрахабр bitcoin goldmine bitcoin bitcoin poloniex bitcoin hunter bitcoin novosti bitcoin market bitcoin links price bitcoin click bitcoin bitcoin cgminer
bitcoin 2048
bitcoin калькулятор bitcoin transaction конвертер ethereum bitcoin block bitcoin traffic monero windows bitcoin miner настройка monero bitcoin lurk bitcoin капитализация bitcoin count видеокарты bitcoin 6000 bitcoin ethereum linux robot bitcoin bitcoin money
ethereum wiki анализ bitcoin exchanges bitcoin tether bootstrap monero amd spend bitcoin demo bitcoin abi ethereum bitcoin venezuela
bitcoin софт rotator bitcoin currency bitcoin
hd7850 monero bitcoin kurs
cryptocurrency mining
основатель ethereum bitcoin knots ethereum blockchain monero калькулятор bitcoin protocol minergate bitcoin ethereum покупка bitcoin click These tales from the 1960s anticipate the emergence of the popular cartoon Dilbert in the 1990s, which skewered absurd managerial behavior. Its author, Scott Adams, had worked as a computer programmer and manager at Pacific Bell from 1986 to 1995.monero logo бесплатный bitcoin е bitcoin capitalization bitcoin bitcoin png bitcoin passphrase
ethereum io cgminer ethereum bitcoin testnet bitcoin prosto что bitcoin monero client
обмена bitcoin bitcoin софт hacking bitcoin
arbitrage cryptocurrency
bitcoin visa форекс bitcoin bitcoin 20 accepts bitcoin bitcoin future people bitcoin bitcoin иконка bitcoin traffic ethereum упал cryptocurrency gold
daily bitcoin bitcoin flex будущее bitcoin cryptocurrency arbitrage tether js bitcoin принцип ethereum телеграмм скачать bitcoin cryptocurrency capitalization bitcoin дешевеет рубли bitcoin лотереи bitcoin
bitcoin bow
bitcoin платформа приват24 bitcoin bitcoin сети
bitcoin goldman Bitcoins are divisible to 0.00000001, so there being fewer bitcoins remaining is not a problem for the currency itself. If you lose your coins, indirectly all other coins are worth more due to the reduced supply. Consider it a donation to all other bitcoin users.акции ethereum tether coin bitcoin asic видеокарты ethereum claim bitcoin котировки bitcoin вложения bitcoin Cost-EffectiveA fixed amount of coins also means that inflation will not affect the overall value of the currency, unlike currencies such as the dollar, pound or euro. For forex traders who feel that a currency might drop in value, they may purchase Litecoins and hold on to their investment before selling back into their currency (hopefully at a profit). External influences (such as governments) can manipulate the value of their currency through inflation and quantitative easing, but the same cannot be done with Litecoin, making it more sustainable long term.хабрахабр bitcoin бот bitcoin stealer bitcoin kurs bitcoin bitcoin 4000 bitcoin japan bitcoin foundation дешевеет bitcoin panda bitcoin bitcoin проблемы порт bitcoin tether mining android tether ethereum ротаторы получение bitcoin bitcoin paypal bitcoin location
bitcoin com
bitcoin автоматический epay bitcoin bitcoin валюты ethereum доходность bitcoin foundation
куплю ethereum monero coin отдам bitcoin new bitcoin cryptocurrency ethereum bitcoin брокеры bitcoin заработать moneypolo bitcoin ethereum контракт forbot bitcoin bitcoin карта
lazy bitcoin
unconfirmed bitcoin bitcoin 2 bitcoin utopia bitcoin презентация лото bitcoin сети ethereum bitcoin goldman bitcoin официальный вклады bitcoin цены bitcoin ethereum сайт клиент ethereum rx560 monero amazon bitcoin gps tether форки ethereum bitcoin graph bitcoin анализ инструкция bitcoin вики bitcoin waves bitcoin short bitcoin weather bitcoin
проект bitcoin monero прогноз bitcoin бесплатный bitcoin attack flypool ethereum bitcoin депозит ad bitcoin bus bitcoin yandex bitcoin
bitcoin мерчант magic bitcoin bitcoin купить оборот bitcoin monero blockchain форк bitcoin book bitcoin ann ethereum preev bitcoin конвертер ethereum blogspot bitcoin отследить bitcoin bitcoin мошенники bitcoin money
bitcoin qr bitcoin widget bitcoin суть ledger bitcoin nodes bitcoin pokerstars bitcoin cryptocurrency tech bitcoin ocean nonce bitcoin flappy bitcoin fork bitcoin bitcoin bazar card bitcoin брокеры bitcoin bitcoin работать bitcoin ваучер bitcoin комиссия майнер bitcoin курс ethereum
bitcoin блокчейн бонусы bitcoin ethereum contracts приложения bitcoin rise cryptocurrency usa bitcoin monero proxy
ethereum алгоритм 99 bitcoin chvrches tether
exchanges bitcoin биржа bitcoin bitcoin maps bitcoin конференция bitcoin freebitcoin bitcoin 4000 segwit2x bitcoin txid bitcoin bitcoin froggy ethereum калькулятор кошелька bitcoin
view bitcoin bitcoin fork bitcoin reklama ethereum купить bitcoin торговля monero обменять проект bitcoin torrent bitcoin r bitcoin tor bitcoin ethereum википедия ethereum blockchain ethereum calc bitcoin bux bitcoin оплатить python bitcoin trade bitcoin airbit bitcoin bitcoin demo bitcoin registration ethereum blockchain bitcoin kurs bitcoin prices ethereum install bitcoin loan Decentralized, open source, peer-to-peer digital currency, payment system or p2p internet protocol. All of these things you might have heard on the most bitcoin-related resources. We want to provide a deeper insight in the term Bitcoin.coin bitcoin download tether bitcoin usd bitcoin 0 nvidia monero bitcoin cz видеокарты bitcoin ethereum доллар фонд ethereum bitcoin spend
трейдинг bitcoin
генератор bitcoin bitcoin xapo best bitcoin payeer bitcoin ethereum fork red bitcoin fork bitcoin bitcoin cny развод bitcoin ethereum install bitcoin 9000 алгоритмы ethereum
bitcoin bubble bitcoin телефон платформа bitcoin bitcoin status monero hashrate
инвестиции bitcoin bitcoin проверить l bitcoin bitcoin machines pull bitcoin autobot bitcoin bitcoin валюты bitcoin poloniex moto bitcoin bitcoin транзакция ethereum бутерин bitcoin банк bitcoin обмен работа bitcoin bitcoin зарегистрироваться cryptocurrency wallet bitcoin protocol дешевеет bitcoin
bitcoin коллектор cfd bitcoin bitcoin bonus bitcoin knots bitcoin motherboard boom bitcoin secp256k1 ethereum 1. Savings wallets. Suppose that Alice wants to keep her funds safe, but is worried that she will lose or someone will hack her private key. She puts ether into a contract with Bob, a bank, as follows:перевод bitcoin форум ethereum работа bitcoin monero proxy bitcoin jp ethereum course bitcoin video теханализ bitcoin bitcoin trend bitcoin дешевеет bitcoin майнить bitcoin zona
up bitcoin bitcoin fake habrahabr bitcoin bitcoin орг bitcoin usd bitcoin кран кошель bitcoin bitcoin get генераторы bitcoin bitcoin redex bitcoin spend bitcoin get bitcoin cracker factory bitcoin bitcoin ebay habrahabr bitcoin асик ethereum Collecting information about key participants:bitcoin elena bitcoin donate
bitcoin перевести bitcoin generate masternode bitcoin bitcoin icons mastercard bitcoin
polkadot stingray bitcoin создать ethereum ферма mindgate bitcoin blitz bitcoin bitcoin scam bitcoin auto In September 2012, Bitfloor, a bitcoin exchange, also reported being hacked, with 24,000 bitcoins (worth about US$250,000) stolen. As a result, Bitfloor suspended operations. The same month, Bitfloor resumed operations; its founder said that he reported the theft to FBI, and that he plans to repay the victims, though the time frame for repayment is unclear.birds bitcoin пулы bitcoin
bitcoin gpu bitcoin зарабатывать bitcoin kazanma moto bitcoin bitcoin рбк bitcoin nachrichten bitcoin gambling bitcoin сеть This essay is intended as a high-level primer for investors, to answer these questions and more. It does not labor over deep technical descriptions of Bitcoin’s inner workings, nor does it discuss the anthropology of money and Bitcoin’s place in that tradition; those topics have been well-covered elsewhere. Where helpful for the non-technical reader, simple explanations of key technical concepts may appear, in order to more accurately describe Bitcoin’s function as a coordination mechanism that can organize highly technical work at zero cost.Historical Background On The Phenomenonpixel bitcoin bitcoin youtube electrum ethereum майнинг ethereum site bitcoin talk bitcoin bitcoin api bitcoin рухнул bitcoin hardfork bitcoin бесплатные bitcoin wm bitcoin joker bitcoin symbol adc bitcoin bitcoin rt видеокарты ethereum майнинга bitcoin tera bitcoin bitcoin ваучер
bitcoin rotators icon bitcoin ethereum доходность One of the concerns that will occur on your way to learn how to mine Bitcoin is the noise. With the constant buzzing of hundreds of computer components, plus industrial-scale cooling facilities running 24 hours a day, a professional scale solo mining operation is going to be hellishly loud!You should ensure that you fully understand the risks associated before you start trading. Only invest if you are an experienced investor with sophisticated knowledge of financial markets. Cryptocurrency trading may not be appropriate for everyone. We recommend that you seek independent professional advice, if necessary, before deciding whether to start spread betting or CFD trading.originally purchased. This method is usually praised because it brings thebitcoin создать air bitcoin bitcoin blockchain bitcoin maps bitcoin майнер bitcoin приват24 4 bitcoin agario bitcoin bitcoin investing monero hardware usa bitcoin окупаемость bitcoin r bitcoin
bitcoin calc bitcoin вики Variantsbitcoin gambling майнер bitcoin cryptocurrency calendar bitcoin datadir бот bitcoin bitcoin kurs bitcoin system bitcoin live bitcoin token circle bitcoin
bitcoin advcash system bitcoin bitcoin antminer bitcoin mmm
aliexpress bitcoin monero cryptonight ethereum телеграмм client bitcoin micro bitcoin mastering bitcoin dapps ethereum регистрация bitcoin fire bitcoin hashrate bitcoin gift bitcoin bitcoin instagram genesis bitcoin bitcoin приложения котировки bitcoin tether обменник boom bitcoin ethereum android
bubble bitcoin polkadot su сложность monero bitcoin super conference bitcoin android tether приват24 bitcoin boom bitcoin forecast bitcoin bitcoin captcha polkadot ico bitcoin global
вложения bitcoin monero core bitcoin shops cryptocurrency market auction bitcoin importprivkey bitcoin abc bitcoin клиент ethereum теханализ bitcoin bitcoin alliance bitcoin получение
прогноз ethereum bitcoin change бесплатно bitcoin bitcoin oil bitcoin торговать
ethereum fork bitcoin лохотрон hourly bitcoin bitcoin казахстан erc20 ethereum майнер bitcoin bitcoin вложения bitcoin double
бесплатный bitcoin bitcoin safe ethereum pos bitcoin loan ethereum вики ethereum продать bitcoin home bitcoin scan асик ethereum терминал bitcoin
bitcoin traffic ethereum вывод
ethereum пулы buying bitcoin
математика bitcoin monero miner tether bootstrap bag bitcoin bitcoin обналичивание credit bitcoin value bitcoin bitcoin bitcoin accelerator
ethereum web3 monero fork cryptocurrency ico
locals bitcoin wikipedia bitcoin цена ethereum bitcoin grant играть bitcoin капитализация ethereum продажа bitcoin
bitcoin explorer ethereum кошелька разработчик ethereum bitcoin 123 bitcoin mixer
bitcoin сбербанк bitcoin ubuntu stock bitcoin bitcoin hardfork rbc bitcoin decred cryptocurrency bitcoin oil jax bitcoin bitcoin сша usb tether polkadot ico alpha bitcoin keyhunter bitcoin bitcoin ru обменять bitcoin bitcoin charts
dwarfpool monero
cryptocurrency wallets local ethereum ethereum платформа
bitcoin wmx bitcoin trading bitcoin air bitcoin wordpress tether обменник Blockchain Merchantобвал bitcoin bitcoin фирмы bitcoin рейтинг биржи bitcoin
monero gpu ethereum 2017 bitcoin платформа
стоимость bitcoin bitcoin symbol
trader bitcoin bitcoin xpub
bitcoin click bitcoin example
продать monero pps bitcoin blender bitcoin bitcoin usb ethereum contract
casinos bitcoin bitcoin forex bitcoin автомат bitcoin carding flex bitcoin bitcoin frog bitcoin novosti bitcoin начало bitcoin switzerland bitcoin paw bitcoin таблица 6000 bitcoin bitcoin safe падение ethereum bitcoin оборот iso bitcoin simple bitcoin wisdom bitcoin курс bitcoin bitcoin wallpaper верификация tether ethereum investing теханализ bitcoin ethereum ubuntu monero валюта алгоритм bitcoin Minex Review: Minex is an innovative aggregator of blockchain projects presented in an economic simulation game format. Users purchase Cloudpacks which can then be used to build an index from pre-picked sets of cloud mining farms, lotteries, casinos, real-world markets and much more.bitcoin hyip green bitcoin обменять bitcoin bitcoin nvidia падение ethereum
bitcoin сервисы bitcoin instagram bitcointalk monero bitcoin список bitcoin frog secp256k1 ethereum global bitcoin ethereum курсы ethereum pow bitcoin настройка ютуб bitcoin monero pools bitcoin коллектор bitcoin информация платформа bitcoin ethereum майнить keystore ethereum hub bitcoin bitcoin mt4 monero алгоритм agario bitcoin bitcointalk monero Cryptocurrencybitcoin 2 запуск bitcoin bitcoin dump ethereum os All transactions are stored in a distributed database (ledger);bitcoin 0 purse bitcoin bitcoin зебра проекты bitcoin
bitcoin форум казино bitcoin facebook bitcoin алгоритмы bitcoin mt5 bitcoin bitcoin 1070 bitcoin free
bitcoin магазины
ethereum виталий auction bitcoin иконка bitcoin куплю ethereum монет bitcoin bitcoin талк проблемы bitcoin bitcoin зарабатывать bitcoin network bitcoin mmgp bitcoin nachrichten geth (written in a language called Go) https://github.com/ethereum/go-ethereumbitcoin список заработок bitcoin bitcoin часы
майнить ethereum bitcoin бумажник bitcoin вложения iso bitcoin store bitcoin agario bitcoin bitcoin x bitcoin фильм сборщик bitcoin видеокарты bitcoin The Currencies: Ether vs Bitcoinbitcoin bitminer And they’re kind of right. Bitcoin isn’t the asset that you put money into for an emergency fund, or for a down payment on a house that you’re saving up for 6 months from now. When you definitely need a certain amount of currency in a near-term time horizon, Bitcoin is not the asset of choice.ethereum node ethereum картинки konvertor bitcoin
bitcoin игра
monero miner clicker bitcoin bitcoin вывести пулы bitcoin форум bitcoin bitcoin vip tether coin ethereum перевод сколько bitcoin trade cryptocurrency abi ethereum bitcoin china
