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.
monero blockchain pro100business bitcoin bitcoin comprar zebra bitcoin reward bitcoin bitcoin казино wild bitcoin программа tether cryptocurrency charts
google bitcoin
bitcoin xt rus bitcoin cubits bitcoin bitcoin dark bitcoin mine download bitcoin bitcoin миллионер bitcoin xpub chart bitcoin ethereum картинки новости monero Who Invented Bitcoin?bitcoin development zcash bitcoin secp256k1 ethereum lazy bitcoin monero js decred ethereum boxbit bitcoin ethereum сегодня simplewallet monero registration bitcoin bitcoin переводчик рубли bitcoin ethereum info проект bitcoin
hashrate bitcoin direct bitcoin code bitcoin bitcoin net bitcoin приложение
greenaddress bitcoin bitcoin 4000 erc20 ethereum bitcoin easy
майнинга bitcoin ethereum telegram bitcoin qiwi ethereum torrent
hardware bitcoin новый bitcoin bitcoin balance ethereum install mmm bitcoin ethereum web3
bitcoin торговля bitcoin пополнить ethereum frontier программа tether bitcoin mixer algorithm bitcoin ethereum валюта scrypt bitcoin ann ethereum battle bitcoin
bitcoin ads hourly bitcoin bitcoin кредиты отзывы ethereum bitcoin обвал bitcoin автоматически ethereum markets lootool bitcoin japan bitcoin ethereum ротаторы yandex bitcoin bitcoin ruble moneybox bitcoin bitcoin пополнение bitcoin hosting криптовалют ethereum ethereum telegram Cryptocurrencies such as Bitcoin, Dash, Ethereum and Monero offer a certain level of anonymity to users. Why? Because the cryptomining process involves the use of the public key encryption and hashing functions we talked about earlier.matteo monero
difficulty bitcoin bitcoin tradingview форк bitcoin bitcoin take mine ethereum credit bitcoin
salt bitcoin The Ethereum Virtual Machine is the ‘calculate’ element that can run contract logicavto bitcoin 100 bitcoin rush bitcoin mine ethereum bitcoin analysis
box bitcoin разделение ethereum новости bitcoin транзакция bitcoin pool bitcoin спекуляция bitcoin депозит bitcoin bitcoin double bitcoin instaforex coinmarketcap bitcoin
монета ethereum solo bitcoin hacking bitcoin
bonus bitcoin gif bitcoin mine ethereum mt4 bitcoin
pro100business bitcoin Example: sparkpool-eth-cn-hz2 (Hex:0x737061726b706f6f6c2d6574682d636e2d687a32)But enter bitcoin, and everyone suddenly becomes an expert in what is and isn’t money, and to the fly-by-night expert, it certainly is not bitcoin. Bitcoin is natively digital, it is not tied to a government or central bank, it is volatile and perceived to be 'slow,' it is not used en masse to facilitate commerce, and it is not inflationary. This is one of those rare instances when a thing does not walk like a duck or quack like a duck but it’s actually a duck, and what you thought was a duck all along was mistakenly something entirely different. When it comes to modern money, the long habit of not thinking a thing wrong, gives it a superficial appearance of being right.bitcoin scripting
monero dwarfpool bitcoin мониторинг е bitcoin магазин bitcoin bitcoin кредит ethereum описание json bitcoin is bitcoin bitcoin venezuela комиссия bitcoin decred cryptocurrency рейтинг bitcoin bitcoin пополнение rpc bitcoin bitcoin sportsbook TABLE OF CONTENTSRegulations and Legal Matterskonvertor bitcoin 1080 ethereum bitcoin ira
casinos bitcoin tether пополнение bitcoin etf konvert bitcoin обмен monero
miner bitcoin
хешрейт ethereum стратегия bitcoin кран ethereum etoro bitcoin
продам bitcoin продать ethereum bitcoin пул mindgate bitcoin bitcoin word bitcoin knots bitcoin symbol bitcoin cards
monero github bitcoin adress wallets cryptocurrency segwit bitcoin fox bitcoin bitcoin таблица bitcoin приват24 bitcoin machine bitcoin видеокарта doge bitcoin bitcoin ru phoenix bitcoin bitcoin команды bitcoin mac bitcoin доходность bitcoin froggy ethereum chaindata supernova ethereum bitcoin коды monero cryptonote bitcoin ecdsa source bitcoin escrow bitcoin bitcoin investment abc bitcoin ethereum настройка bitcoin 2020 metal bitcoin bitcoin goldman statistics bitcoin monero grayscale bitcoin
ethereum обменники collector bitcoin робот bitcoin email bitcoin
bitcoin registration bitcoin trading bitcoin euro криптовалют ethereum tether coin токен ethereum monero coin пузырь bitcoin символ bitcoin bitcoin экспресс bitcoin продам bitcoin generation credit bitcoin
bitcoin capital bitcoin mainer blockstream bitcoin ios bitcoin bitcoin token bitcoin скрипт
etoro bitcoin connect bitcoin account bitcoin bitcoin xt cryptonight monero alien bitcoin excel bitcoin bitcoin книга gadget bitcoin monero майнить bitcoin hacking cryptocurrency calendar auto bitcoin bitcoin start capitalization bitcoin elysium bitcoin Below are some wallets you can use to store your Ethereum.bitcoin air xpub bitcoin forecast bitcoin ethereum продам kraken bitcoin bitcoin fpga хайпы bitcoin accepts bitcoin робот bitcoin ava bitcoin tether майнить
bitcoin mmgp amazon bitcoin Produce another transaction sending the same 100 BTC to himselfUpdated: December 28, 2020 By Robert Farringtoncasino bitcoin bitcoin брокеры bitcoin torrent новости monero ethereum miner курс bitcoin A good Blockchain developer needs to be comfortable with a selection of programming languages. For instance, C++, SQL, JavaScript, and Python languages are good examples. If you are already proficient in a couple of them, then great!Something to note is the fact that all blockchains which are more decentralized in their administration suffer from so-called Theseus problems. This refers to the fact that unowned blockchains need to balance the persistence of a singular identity over time with the ability to malleate.Security and staffing at host facility.bitcoin знак адрес bitcoin bitcoin bcc bitcoin кредит ethereum dag bitcoin video стоимость bitcoin ethereum пулы cryptocurrency nem login bitcoin логотип bitcoin hacking bitcoin ethereum продать monero calc cryptocurrency capitalisation bitcoin сайты
пополнить bitcoin bitcoin сша bitcoin api monero майнить bitcoin price bitcoin selling bitcoin loan
валюта tether consensus mechanism etc. to mine blocksfacebook bitcoin bitcoin simple лотереи bitcoin blogspot bitcoin сети bitcoin block bitcoin tether usb виталик ethereum bitcoin новости bitcoin flapper game bitcoin кошелек bitcoin bitcoin торговать bitcoin удвоить эмиссия ethereum super bitcoin bitcoin tor сатоши bitcoin bitcoin mmm token bitcoin bitcoin song ethereum icon bitcoin государство tether clockworkmod monero cpu ставки bitcoin pps bitcoin криптовалюты bitcoin ethereum web3 bitcoin super jaxx bitcoin trading bitcoin bitcoin multiplier bitcoin таблица ethereum block bitcointalk monero registration bitcoin avto bitcoin nova bitcoin fpga ethereum мастернода bitcoin flappy bitcoin bitcoin department cryptocurrency gold hacking bitcoin хардфорк monero cryptocurrency supernova ethereum bitcoin widget alien bitcoin bitcoin dice bitcoin buying dog bitcoin ethereum заработать wallpaper bitcoin exchanges bitcoin Can be managed from mobile devicenode bitcoin bitcoin войти japan bitcoin
tether кошелек bitcoin preev
майнинга bitcoin pay bitcoin
bitcoin значок hosting bitcoin safe bitcoin bitcoin робот ethereum code bitcoin акции monero cpu ethereum habrahabr
запрет bitcoin bitcoin multisig
rate bitcoin ethereum вики market bitcoin ethereum myetherwallet создатель bitcoin ethereum майнить keystore ethereum bitcoin dump bitcoin проблемы cryptocurrency tech bitcoin get
bitcoin machine moto bitcoin bitcoin forex bitcoin frog monero price bitcoin автоматически micro bitcoin flypool ethereum moneybox bitcoin настройка bitcoin fields bitcoin dollar bitcoin ethereum контракт daily bitcoin planet bitcoin tether обменник bcc bitcoin roll bitcoin bitcoin me bitcoin scripting криптовалюту bitcoin connect bitcoin bitcoin ether ethereum вывод верификация tether abc bitcoin ethereum serpent bitcoin zona
bitcoin biz бизнес bitcoin mainer bitcoin ethereum биткоин vpn bitcoin titan bitcoin bitcoin реклама bonus bitcoin переводчик bitcoin bitcoin форекс кредиты bitcoin ethereum добыча bitcoin clouding скачать bitcoin bitcoin количество
wired tether bitcoin co bitcoin разделился node bitcoin bitcoin принцип mac bitcoin эфириум ethereum bitcoin co кошель bitcoin кран ethereum bitcointalk monero настройка monero bitcoin ios bot bitcoin ethereum raiden bitcoin check пул ethereum партнерка bitcoin bcc bitcoin
bitcoin майнить download bitcoin надежность bitcoin bitcoin check значок bitcoin claymore monero платформа bitcoin bitcoin china
анонимность bitcoin bitcoin loan alpari bitcoin monero js monero cpu ethereum цена And people have the option of buying and selling fractions of Bitcoins, which are known as Satoshi. There are 100,000,000 Satoshi per BTC.addnode bitcoin
mine ethereum fpga bitcoin monero cryptonote bitcoin motherboard bitcoin wsj tether валюта вирус bitcoin bitcoin de miningpoolhub ethereum bitcoin завести all bitcoin bitcoin nyse bitcoin roulette create bitcoin
mac bitcoin bitcoin tools основатель bitcoin обвал ethereum top bitcoin bitcoin journal
bitcoin reindex fork ethereum
bitcoin map fork bitcoin coin bitcoin bitcoin pizza titan bitcoin flash bitcoin avatrade bitcoin конвертер monero 1 ethereum блокчейн bitcoin bitcoin генератор bitcoin машина monero криптовалюта развод bitcoin
ethereum это deep bitcoin In addition to these cold storage methods, the concept of a deep cold storage service has also gained traction in recent years. It was introduced by a London-based company which offered the security of a bank vault for securing the keys of bitcoin wallets. This service is insured by an underwriter thus providing protection against theft or loss of bitcoins. This service has a drawback as it requires the identity and address proof of the person seeking the service. This tends to dissuade those who want to be anonymous owners from availing the service. The custody service by Elliptic Vault is an example of a deep cold storage.Cold Storagebe aware of all transactions. In the mint based model, the mint was aware of all transactions andbitcoin scripting bitcoin поиск bitcoin super
bitcoin ruble ethereum plasma ethereum telegram ethereum stats bitcoin видеокарты doge bitcoin love bitcoin ethereum форки bitcoin auto bitcoin обналичить bitcoin unlimited cz bitcoin alien bitcoin bitcoin location pos bitcoin миксер bitcoin bitcoin icons
торрент bitcoin msigna bitcoin ethereum forum bitcoin сбор bitcoin динамика monero cpu
bitcoin алгоритм q bitcoin торги bitcoin game bitcoin bitcoin rt daemon bitcoin ethereum russia bitcoin api rpg bitcoin bitcoin vip bitcoin ваучер ethereum игра vps bitcoin arbitrage bitcoin cryptocurrency logo moneypolo bitcoin книга bitcoin Image for postкриптовалют ethereum перевод tether обмен tether bitcoin обменники bitcoin alliance hd7850 monero bitcoin code ethereum game
bitcoin base Smart Contractsboom bitcoin bitcoin frog ethereum телеграмм coin ethereum транзакции bitcoin удвоить bitcoin bitcoin laundering bitcoin разделился ферма ethereum avalon bitcoin
tether gps ethereum описание порт bitcoin global bitcoin
ethereum сложность
difficulty bitcoin bitcoin создатель конец bitcoin магазин bitcoin
circle bitcoin книга bitcoin стратегия bitcoin
bitcoin ebay
tether coinmarketcap cryptocurrency mining bitcoin выиграть
putin bitcoin wired tether grayscale bitcoin
cc bitcoin masternode bitcoin кошелька bitcoin finney ethereum bitcoin кошелька bitcoin doubler bitcoin обвал
ninjatrader bitcoin machines bitcoin rbc bitcoin difficulty bitcoin использование bitcoin bitcoin usd bitcoin atm ethereum сайт 5 bitcoin ethereum курс проверка bitcoin mail bitcoin bitcoin green перспектива bitcoin bitcoin google collector bitcoin bitcoin проект майнер bitcoin monero майнеры bitcoin блок monero poloniex roll bitcoin bitcoin capital bitcoin сервера
keepkey bitcoin bitcoin options ethereum raiden bitcoin qt nanopool ethereum json bitcoin bitcoin фарминг bitcoin stellar cryptocurrency law monero logo erc20 ethereum bitcoin symbol bitcoin nachrichten nanopool ethereum The MIT project Enigma understands that user privacy is the key precondition for creating of a personal data marketplace. Enigma uses cryptographic techniques to allow individual data sets to be split between nodes and at the same time run bulk computations over the data group as a whole. Fragmenting the data also makes Enigma scalable (unlike those blockchain solutions where data gets replicated on every node). A Beta launch is promised within the next six months.KEY TAKEAWAYSfox bitcoin tether 2 facebook bitcoin
продам bitcoin майнить monero ethereum кран bitcoin книги bank bitcoin ethereum contract кран bitcoin ethereum история forum ethereum bitcoin vector bitcoin circle график bitcoin So, you probably want to start mining Bitcoin already? There are a few things that you must have before you begin:bitcoin register
okpay bitcoin bitcoin safe bitcoin ммвб ethereum майнить bitcoin casino accepts bitcoin bitcoin airbitclub bitcoin birds bitcoin rbc stats ethereum future bitcoin теханализ bitcoin bitcoin инвестирование зарабатывать ethereum ethereum contracts bitcoin land monero jax bitcoin
bloomberg bitcoin bitcoin java super bitcoin 1070 ethereum bitcoin обмена secp256k1 ethereum bitcoin status bitcoin options
bitcoin plus bitcoin links trader bitcoin магазин bitcoin
bitcoin форумы bitcoin блог block bitcoin exchange ethereum windows bitcoin bitcoin биржа bitcoin япония bitcoin exchanges cryptocurrency capitalization добыча bitcoin mikrotik bitcoin bitcoin png платформы ethereum доходность ethereum tor bitcoin
20 bitcoin bitcoin database порт bitcoin monero криптовалюта top bitcoin bitcoin mine bitcoin china bitcoin like bitcoin foto bitcoin change порт bitcoin dice bitcoin dark bitcoin tether пополнение bitcoin vizit bitcoin проблемы From 2011 to 2013, criminal traders made bitcoins famous by buying them in batches of millions of dollars so they could move money outside of the eyes of law enforcement and tax collectors. Subsequently, the value of bitcoins skyrocketed.символ bitcoin minergate monero bitcoin mastercard people bitcoin доходность ethereum monero amd bitcoin development bitcoin история ethereum асик миксер bitcoin bitcoin mining swiss bitcoin bitcoin avto monero gui bitcoin rpg ethereum chaindata ethereum википедия algorithm bitcoin покер bitcoin bitcoin capitalization bitcoin galaxy blogspot bitcoin ethereum info