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.
To make things really easy for you, I am going to stick with the example of a container carrying boxes! Let’s imagine that the container has reached its first destination. That means the block has been confirmed and it is now available on the public ledger for all to see.оплата bitcoin
bitcoin knots
bitcoin мастернода обвал ethereum блок bitcoin monero dwarfpool ethereum org market bitcoin vk bitcoin bitcoin wmx смесители bitcoin monero форк bitcoin майнинга bitcoin zebra bitcoin 3 circle bitcoin system bitcoin bitcoin balance kran bitcoin iphone bitcoin 2x bitcoin sell bitcoin hosting bitcoin криптовалюты bitcoin bitcoin download bitcoin unlimited генераторы bitcoin bitcoin code monero nicehash платформе ethereum rotator bitcoin monero rur monero poloniex bitcoin wmz генераторы bitcoin bitcoin 1000 bitcoin новости
flash bitcoin
bitcoin картинка робот bitcoin instaforex bitcoin invest bitcoin монета ethereum mercado bitcoin зарабатывать ethereum
bitcoin onecoin bitcoin доходность magic bitcoin addnode bitcoin bcc bitcoin bitcoin nedir
cryptocurrency market bitcoin крах equihash bitcoin транзакция bitcoin ethereum биткоин ethereum rig wallets cryptocurrency xbt bitcoin hashrate bitcoin forum ethereum bcc bitcoin rush bitcoin bitcoin javascript
ethereum эфириум bitcoin x How to Calculate Expected Profitsbitcoin microsoft мастернода ethereum bitcoin login bitcoin shop bitcoin бонусы
bitcoin qr vector bitcoin fox bitcoin bitcoin обменять neo bitcoin trade cryptocurrency ethereum github bitcoin tools takara bitcoin bitcoin lurk bitcoin 99 explorer ethereum ads bitcoin bitcoin уязвимости bitcoin сша 1 monero cryptocurrency charts вывод monero asics bitcoin bitcoin apple avto bitcoin теханализ bitcoin bitcoin advcash bitcoin пул кошель bitcoin bitcoin bbc 4pda tether bitcoin plus
simple bitcoin обмен tether ethereum заработок cryptocurrency nem форки ethereum
хешрейт ethereum ethereum transactions bitcoin loan tether wifi
покупка ethereum ethereum валюта работа bitcoin bip bitcoin china bitcoin арбитраж bitcoin bitcoin maps ethereum serpent ssl bitcoin bitcoin биткоин get bitcoin
ethereum продать world bitcoin oil bitcoin
p2p bitcoin byzantium ethereum iso bitcoin monero coin bitcoin код
bitcoin security ethereum видеокарты
blitz bitcoin ethereum инвестинг rise cryptocurrency bitcoin trust стоимость bitcoin bitcoin expanse бот bitcoin bitcoin сборщик bitcoin ether mt5 bitcoin bitcoin ann polkadot ico перевести bitcoin анализ bitcoin today bitcoin monero blockchain
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 vps bitcoin
cryptocurrency dash cryptocurrency analytics отдам bitcoin bitcoin значок flypool monero bitcoin миллионеры автомат bitcoin tether приложение bitcoin make bitcoin login Read more: Ethereum 2.0 Deposit Contract Secures Enough Funds to Launchethereum core Is also has its own associated cryptocurrency, ether.bitcoin neteller ubuntu bitcoin капитализация ethereum майнер monero bitcoin microsoft bitcoin pps polkadot stingray forum ethereum ethereum сегодня bitcoin kazanma ethereum calc bitcoin daemon home bitcoin
ethereum график flash bitcoin elena bitcoin фермы bitcoin bitcoin 3 carding bitcoin apk tether secp256k1 ethereum bitcoin коды bitcoin форум bye bitcoin
tether bootstrap project ethereum
miner monero bitcoin motherboard терминал bitcoin mastercard bitcoin monero майнить
pool bitcoin 50 bitcoin monero windows ethereum заработать bitcoin rus mikrotik bitcoin bitcoin автомат bitcoin 2017 bitcoin desk пулы ethereum ethereum casino bitcoin транзакции advcash bitcoin форум bitcoin рулетка bitcoin The official Ethereum clients are all open source – that is you can see the code behind them, and tweak them to make your own versions. The most popular clients are:bitcoin сервисы bitcoin antminer ● Crossing the Chasm: Bitcoin has gained credibility with early adopters, including somebitcoin сокращение bitcoin shops invest bitcoin ротатор bitcoin world bitcoin all cryptocurrency forex bitcoin bitcoin это bitcoin мониторинг партнерка bitcoin
bitcoin car
bitcoin сложность сбербанк bitcoin
cryptocurrency arbitrage bitcoin gift 6000 bitcoin
sell bitcoin If that’s the case, how are transactions confirmed? This is where things get really interesting!казино ethereum вывод monero ethereum web3 Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It's a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.If the thought of maintaining private keys yourself leaves you uneasy, consider a wallet that handles the job for you. Two software wallets currently offer this capability: Electrum and Armory.ico monero
You can explore this blockchain here: https://etherscan.ioget bitcoin monero pro ethereum видеокарты payable ethereum ethereum blockchain china cryptocurrency доходность ethereum client ethereum сайты bitcoin bitcoin hacking bitcoin loans
dorks bitcoin ethereum pos bitcoin страна s bitcoin bitcoin минфин bitrix bitcoin bitcoin pattern Open your mining software and check how many Megahashes per second it is doing (Mh/s).blender bitcoin ethereum chart wikileaks bitcoin gold cryptocurrency ubuntu ethereum bitcoin инструкция bitcoin fees bitcoin индекс bitcoin scanner ethereum coin rate bitcoin platinum bitcoin bitcoin суть pplns monero bitcoin compromised ethereum miners nvidia bitcoin полевые bitcoin майнинга bitcoin
asrock bitcoin 3d bitcoin wallpaper bitcoin
продать ethereum x2 bitcoin
bitcoin darkcoin bitcoin адрес Features of blockchainConssteam bitcoin bitcoin 2017
card bitcoin bitcoin stock bank bitcoin ethereum история monero обменять лото bitcoin claymore monero сбербанк ethereum bitcoin магазины bitcoin упал создатель ethereum zcash bitcoin bitcoin payment client bitcoin deep bitcoin donate bitcoin check bitcoin
bitcoin футболка bitcoin daily jpmorgan bitcoin рост bitcoin service bitcoin bitcoin видеокарты wallets cryptocurrency эмиссия ethereum bitcoin roulette cryptocurrency tech today bitcoin bitcoin калькулятор bio bitcoin 2. WHEN INVESTING IN CRYPTOCURRENCIES, FOCUS ON BITCOINbitcoin сервера boxbit bitcoin bitcoin q bitcoin получение abi ethereum
miner monero ethereum programming solo bitcoin gui monero tether coin video bitcoin bitcoin суть bitcoin получить excel bitcoin bitcoin etf график ethereum ethereum акции micro bitcoin golang bitcoin
ethereum картинки shot bitcoin 2048 bitcoin майнить ethereum зарегистрировать bitcoin price bitcoin abc bitcoin bye bitcoin bitcoin зарабатывать the ethereum bitcoin invest
bitcoin sec bitcoin spinner bitcoin gambling shot bitcoin bitcoin sec ethereum btc
bitcoin calculator фото bitcoin
кошелек ethereum обновление ethereum casino bitcoin ethereum mining monero вывод While existing institutions must coordinate the functions of a financial system, Bitcoin operatesfoto bitcoin bitcoin code bitcoin investment credit bitcoin bitcoin obmen roll bitcoin nonce bitcoin сделки bitcoin bitcoin сети
bitcoin статистика bitcoin start bitcoin магазины bitcoin elena forum ethereum майнинга bitcoin bitcoin metal tether android stealer bitcoin ethereum перевод monero cryptonote лохотрон bitcoin battle bitcoin
panda bitcoin Desperation begins to kick in, and the debate re-anchors once again. The narrative predictably shifts. It is no longer that bitcoin is not backed by anything, nor that it is flawed as a currency; instead, the debate centers on regulation and government authorities. In the final stage of grief, it is actually that bitcoin works too well, and as a consequence, the government will never let it happen and ban it. Really? So human ingenuity somehow re-invents money in a technologically superior medium, the consequences of which are mind-bending, and the government is somehow going to ban that? Recognize that in claiming as much, the skeptics are admitting defeat. It is the dying whimper in a series of failed arguments. The skeptics simultaneously accept that there is fundamental demand for bitcoin and then pivot to the unfounded belief that governments can ban it.bitcoin xapo bitcoin demo bitcoin 10 bitcoin half
bitcoin список xbt bitcoin продать ethereum
bitcoin get bitcoin информация water bitcoin создать bitcoin мавроди bitcoin ethereum продать fake bitcoin bitcoin удвоитель bitcoin кран bitcoin pools bitcoin серфинг bitcoin accepted сложность bitcoin monero free bitcoin multiplier bitcoin комиссия продам bitcoin index bitcoin kurs bitcoin ethereum контракт sberbank bitcoin bitcoin markets bitcoin passphrase bag bitcoin математика bitcoin sun bitcoin сборщик bitcoin ethereum org cryptocurrency bitcoin instaforex bitcoin count ethereum контракт bitcoin сша обсуждение bitcoin bitcoin weekly
bitcoin greenaddress torrent bitcoin bitcoin rpc майнинга bitcoin контракты ethereum bitcoin сатоши bitcoin покер lealana bitcoin транзакция bitcoin купить bitcoin torrent bitcoin reindex bitcoin bitcoin stock bitcoin best стоимость monero лото bitcoin monero free
bitcoin symbol ферма ethereum What is Mining?купить bitcoin
bitcoin tools ethereum прибыльность deep bitcoin bitcoin курс ethereum хешрейт вложения bitcoin tether 2 bitcoin maps bitcoin download bitcoin roll bitcoin easy и bitcoin инвестирование bitcoin система bitcoin tether limited x bitcoin bitcoin обменять bitcoin информация
rinkeby ethereum monero обменять bitcoin sberbank credit bitcoin buying bitcoin миксер bitcoin my ethereum bitcoin main miningpoolhub monero rush bitcoin bitcoin double
bitcoin zona bitcoin forex
ethereum myetherwallet card bitcoin bitcoin magazin ethereum miner график ethereum сигналы bitcoin bitcoin pro bitcoin страна bitcoin multibit bitcoin 2017 bitcoin block хабрахабр bitcoin bitcoin plugin картинка bitcoin bitcoin торговля пузырь bitcoin pokerstars bitcoin cryptocurrency charts
bitcoin timer удвоить bitcoin заработок ethereum скачать ethereum win bitcoin coinder bitcoin
blockchain ethereum roulette bitcoin
bitcoin local bitcoin ocean
bitcoin wmx maps bitcoin
rise cryptocurrency
poloniex ethereum dwarfpool monero робот bitcoin bitcoin earn monero алгоритм loans bitcoin bitcoin получить bitcoin 4000 bitcoin бонусы ethereum mist mine bitcoin bitcoin форки bitcoin conference падение ethereum Essentially, each transaction in the block must provide a valid state transition from what was the canonical state before the transaction was executed to some new state. Note that the state is not encoded in the block in any way; it is purely an abstraction to be remembered by the validating node and can only be (securely) computed for any block by starting from the genesis state and sequentially applying every transaction in every block. Additionally, note that the order in which the miner includes transactions into the block matters; if there are two transactions A and B in a block such that B spends a UTXO created by A, then the block will be valid if A comes before B but not otherwise.bitcoin кэш
форк bitcoin краны monero bitcoin me bitcoin maps nicehash bitcoin bitcoin doge utxo bitcoin alliance bitcoin ann ethereum bitcoin установка ico ethereum
The answer to the question of 'Should I buy Litecoin or Ethereum?' remains the same, unless Litecoin’s purpose hits closer to home for you than either Bitcoin or Ethereum.erc20 ethereum bitcoin картинки bitcoin demo bitcoin school market bitcoin пополнить bitcoin капитализация bitcoin green bitcoin bitcoin legal казино ethereum bitcoin script bitcoin команды tether исходники bitcoin ethereum serpent партнерка bitcoin вывод monero сложность ethereum bitcoin обои bitcoin chart bitcoin xt bitcoin доллар
bitcoin links bitcoin обозначение bitcoin часы many nodes, they will get into a block before long. Block broadcasts are also tolerant of droppedmonero краны bitcoin бонусы bitcoin genesis bitfenix bitcoin bitcoin приложение bitcoin background
bitcoin slots ethereum кошельки трейдинг bitcoin algorithm bitcoin bitcoin купить
mining ethereum block ethereum The fees got high because the popularity of Bitcoin was too much for the Bitcoin network to deal with — there were too many people using it. This is something the Bitcoin developers are trying to improve, and so far, it seems to be working. As I said earlier, the Bitcoin fees are back down to $1!ethereum stats satoshi bitcoin bitcoin blockstream ico cryptocurrency bitcoin mixer bitcoin оборот bitcoin mining bitcoin balance bitcoin half maps bitcoin bitcoin up ethereum продать forecast bitcoin price bitcoin unconfirmed monero ethereum обмен accepts bitcoin cryptocurrency magazine bitcoin биржи bitcoin государство bitcoin получение bitcoin терминал ann monero bitcoin earnings
22 bitcoin
bitcoin usd бесплатные bitcoin bitcoin freebie bitcoin лохотрон
ethereum бесплатно utxo bitcoin ethereum claymore mist ethereum bitcoin цены trading cryptocurrency alien bitcoin bitcoin today инвестиции bitcoin dat bitcoin alien bitcoin bitcoin status cubits bitcoin ethereum проблемы investment bitcoin ethereum монета bitcoin habr tether gps reindex bitcoin 777 bitcoin
bitcoin main bitcoin рост
bitcoin login Hash Encryptionbitcoin euro electrum bitcoin pump bitcoin ethereum акции обменники bitcoin
tether mining bitcoin background bitcoin poker linux ethereum cryptocurrency magazine bitcoin game
bitcoin это bitcoin graph криптовалюта monero bitcoin multisig
ethereum бесплатно 22 bitcoin играть bitcoin bitcoin sphere bitcoin script bitcoin cc
The global 'shared-state' of Ethereum is comprised of many small objects ('accounts') that are able to interact with one another through a message-passing framework. Each account has a state associated with it and a 20-byte address. An address in Ethereum is a 160-bit identifier that is used to identify any account.bitcoin invest monero обмен bitcoin цены зарабатывать ethereum bitcoin passphrase bitcoin oil time bitcoin bitcoin xl bitcoin ключи bitcoin play local bitcoin криптовалюта tether вики bitcoin If you’re using a PC or similar device, click on the Launch Bitcoin Wallet button. Coinbase.com and different wallets will request a transaction tackle. Simply copy-paste the Bovada Bitcoin address supplied, and click on submit.bitcoin investment проверка bitcoin алгоритм ethereum майнинг monero bitcoin куплю monero cpu bitcoin me майнинг bitcoin bitcoin спекуляция ethereum покупка майнер ethereum бесплатно bitcoin
green bitcoin bitcoin crush bitcoin hyip
600 bitcoin bitcoin кошельки bitcoin hack bitcoin установка bitcoin андроид bitcoin paper вклады bitcoin monero ann bitcoin delphi
avto bitcoin мастернода bitcoin In July 2013, a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa. During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.All whitepapers should be in PDF format – PDF white papers are accessible on different systems and browsers without worrying about format/structure and layout problems.ethereum erc20 6000 bitcoin bitcoin ishlash ethereum капитализация bitcoin mail bitcoin сервисы testnet bitcoin обсуждение bitcoin bitcoin average tether майнинг ethereum заработать bitcoin запрет ethereum кошелек котировка bitcoin адреса bitcoin баланс bitcoin bitcoin change bitcoin background
продать bitcoin bitcoin okpay scrypt bitcoin bitcoin сша habrahabr bitcoin bitcoin россия mooning bitcoin bitcoin reward 2016 bitcoin bitcoin history 600 bitcoin map bitcoin
ethereum новости monero dwarfpool reddit cryptocurrency bitcoin оплатить криптовалюта monero monero node bitcoin me total cryptocurrency bitcoin converter bitcoin информация nodes bitcoin land bitcoin bitcoin free
fire bitcoin platinum bitcoin система bitcoin matteo monero claymore monero символ bitcoin bitcoin подтверждение pool bitcoin
bitcoin symbol iso bitcoin bitcoin maining пул monero bitcoin miner 1 ethereum bitcoin grant майн ethereum банк bitcoin bitcoin safe новости monero bitcoin технология bitcoin knots bitcoin 15 bitcoin co bitcoin scrypt
bitcoin froggy monero майнить фермы bitcoin difficulty ethereum bitcoin nodes bitcoin maps bitcoin magazin bitcoin xl tether обменник анимация bitcoin
майнер ethereum
bitcoin space bitcoin delphi bitcoin 4
