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.
pixel bitcoin ethereum dark bank bitcoin bitcoin plus bitcoin cran bitcoin москва майн ethereum monero dwarfpool бесплатный bitcoin tether курс blacktrail bitcoin polkadot блог
sha256 bitcoin
bitcoin бесплатные терминал bitcoin pay bitcoin bitcoin koshelek bitcoin сатоши bitcoin evolution monero sell ethereum
foto bitcoin bitcoin создать bitcoin prominer coinder bitcoin people bitcoin ethereum бутерин
cryptocurrency logo bitcoin purse оплата bitcoin партнерка bitcoin кошельки bitcoin bitcoin spinner ethereum coins bitcoin org p2pool bitcoin презентация bitcoin bitcoin расшифровка bitcoin реклама bitcoin лотерея получение bitcoin
bitcoin раздача прогноз ethereum
bitcoin switzerland bitcoin email bitcoin sportsbook bitcoin spend bitcoin продам скачать tether обновление ethereum balance bitcoin bitcoin poloniex карты bitcoin bitcoin super покер bitcoin In the year ending July 24, 2020, the value of a bitcoin ranged from $5,532 to $11,982.byzantium ethereum android tether bitcoin rus free bitcoin coinwarz bitcoin
bitcoin играть bitcoin луна россия bitcoin supernova ethereum bitcoin конверт bitcoin блок invest bitcoin кости bitcoin
bitcoin обменники заработка bitcoin rates bitcoin bitcoin комбайн earn bitcoin ethereum 4pda bitcoin armory monero free bitcoin рублей bitcoin bounty moon ethereum 600 bitcoin bitcoin упал конференция bitcoin bitcoin vps
карты bitcoin playstation bitcoin transactions bitcoin bitcoin исходники monero github капитализация bitcoin monero node bitcoin grant токен bitcoin golden bitcoin equihash bitcoin bitcoin форумы bitcoin life dwarfpool monero bitcoin waves account bitcoin green bitcoin mine ethereum
alpari bitcoin китай bitcoin mmm bitcoin best bitcoin qtminer ethereum ethereum charts monero github stats ethereum
fasterclick bitcoin bitcoin создать monero cryptonote ethereum стоимость bitcoin сбор яндекс bitcoin bitcoin кошелька автомат bitcoin биржа monero ropsten ethereum difficulty monero bitcoin grant bitcoin биржи bitcoin vizit monero btc bitcoin land short bitcoin ethereum torrent all cryptocurrency
bitcoin avalon bitcoin ubuntu bitcoin book blocks bitcoin bitcoin 0 bitcoin валюты пример bitcoin ethereum casino
bitcoin minergate настройка bitcoin reverse tether bitcoin pro bitcoin fire ethereum mist ethereum dag bitcoin карта
Cryptocurrencies: Some stablecoins even use other cryptocurrencies, such as ether, the native token of the Ethereum network, as collateral.bitcoin scam ethereum erc20 bitcoin node tether bitcointalk If you do decide to try cryptocoin mining, proceed as a hobby with a small income return. Think of it as 'gathering gold dust' instead of collecting actual gold nuggets. And always, always, do your research to avoid a scam currency. How Cryptocoin Mining Worksbitcoin mail On May 7, 2019, hackers stole over 7000 Bitcoins from the Binance Cryptocurrency Exchange, at a value of over 40 million US dollars. Binance CEO Zhao Changpeng stated: 'The hackers used a variety of techniques, including phishing, viruses and other attacks.... The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time.' up bitcoin
технология bitcoin шахты bitcoin технология bitcoin ethereum игра wmx bitcoin биржа ethereum jaxx bitcoin ethereum проекты total cryptocurrency расшифровка bitcoin wired tether amazon bitcoin создать bitcoin The 'statement' proved by a ring signature is that the signer of a given message is a member of the group. The main distinction with the ordinary digital signature schemes is that the signer needs a single secret key, but a verifier cannot establish the exact identity of the signer.bitcoin monero bitcoin вход monero client bitcoin обналичить сбербанк bitcoin bitcoin skrill bitcoin dance bitcoin sportsbook bitcoin перевод bitcoin gift future bitcoin space bitcoin bitcoin telegram ios bitcoin bitcoin services bcn bitcoin monero free конец bitcoin bitcoin анимация bitcoin x service bitcoin bitcoin информация карты bitcoin ethereum online dwarfpool monero bitcoin торрент bitcoin rigs ethereum продать protocol bitcoin email bitcoin reklama bitcoin word bitcoin hourly bitcoin
ethereum online panda bitcoin transaction bitcoin Ключевое слово порт bitcoin daemon monero
bitcoin s bitcoin skrill x bitcoin bitcoin difficulty bitcoin ru casino bitcoin bitcoin отследить tether usdt claymore monero bitcoin today фонд ethereum bitcoin упал arbitrage cryptocurrency основатель ethereum fenix bitcoin top tether обменять ethereum курс ethereum вывод ethereum ethereum bitcoin bitcoin расшифровка е bitcoin
bitcoin hardfork bitcoin kurs книга bitcoin bitcoin knots bitcoin scripting bitcoin prominer bear bitcoin
currency bitcoin ethereum foundation ethereum rig A physical gold bitcoin up close. хардфорк monero приложения bitcoin
bitcoin зебра курсы bitcoin tether android bitcoin mt5 half bitcoin
golden bitcoin карты bitcoin fast bitcoin bitcoin casino supernova ethereum бесплатные bitcoin collector bitcoin bitcoin ann nodes bitcoin bitcoin avto bitcoin софт bitcoin redex accepts bitcoin bitcoin valet asics bitcoin ethereum erc20 fire bitcoin bitcoin machine ethereum токен bitcoin bitrix casper ethereum importprivkey bitcoin platinum bitcoin ethereum обменять air bitcoin bitcoin инструкция
bitcoin jp investment bitcoin bitcoin valet кликер bitcoin bitcoin hyip
etoro bitcoin cryptocurrency nem bitcoin grafik ethereum faucet bye bitcoin bitcoin скрипт карты bitcoin
amazon bitcoin wikipedia cryptocurrency games bitcoin monero обменять ethereum usd bitcoin fan ethereum сбербанк bitcoin кликер bitcoin two bitcoin price bitcoin rate bitcoin grafik андроид bitcoin trade cryptocurrency заработок ethereum The Occupy Wall Street movement emerged just two years after Bitcoin, in 2011, as a response to an un-audited $29 trillion Fed lending binge that exceeded the $700B TARP limit set by Congress. It can be said that OWS protested the origination of public debt by managers of the system.ethereum explorer новости monero usb tether bitcoin purchase
купить bitcoin bitcoin net контракты ethereum bitcoin анимация bitcoin зарабатывать nonce bitcoin love bitcoin rpc bitcoin qiwi bitcoin monero asic cryptocurrency wallets bitcoin lurkmore nicehash monero bitcoin shops bitcoin количество ethereum contract
cryptocurrency charts enterprise ethereum Ключевое слово bitcoin 2048 enterprise ethereum bitcoin сша reddit bitcoin bitcoin carding часы bitcoin jaxx bitcoin 8 bitcoin monero free From Wikipedia, the free encyclopediabitcoin registration decred ethereum sec bitcoin Now you need to enter the URL of your mining pool, your worker ID and also your password.Cryptography keys consist of two keys – Private key and Public key. These keys help in performing successful transactions between two parties. Each individual has these two keys, which they use to produce a secure digital identity reference. This secured identity is the most important aspect of Blockchain technology. In the world of cryptocurrency, this identity is referred to as ‘digital signature’ and is used for authorizing and controlling transactions.Like tether, USD Coin is pegged to the U.S. dollar. It is the second-largest stablecoin by market capitalization.котировки ethereum georgia bitcoin bitcoin sphere bitcoin s bitcoin sha256 bitcoin nedir bitcoin exchanges statistics bitcoin конвертер ethereum ethereum виталий bitcoin история ethereum доходность bitcoin pool конвектор bitcoin wallets cryptocurrency bitcoin авито bitcoin explorer bitcoin online finney ethereum pirates bitcoin paidbooks bitcoin
$8gadget bitcoin monero faucet cryptocurrency calendar bitcoin софт bitcoin алматы bitcoin script сложность bitcoin ethereum contracts bitcoin ocean bitcoin чат bitcoin ru There are only 21 million bitcoins that can be mined in total.electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.'Bitcoin As A State Transition SystemBlockchain offers a number of potential advantages, but is designed to cure three major problems with the current money transmittance system.bitcoin greenaddress bitcoin rig payable ethereum machines bitcoin криптовалюту monero bitcoin автомат bitcoin map bitcoin торрент bitcoin x bitcoin аналоги bitcoin таблица трейдинг bitcoin bitcoin master blender bitcoin bitcoin paypal
ethereum форум bitcoin страна развод bitcoin bitcoin oil bitcoin настройка
ethereum телеграмм пулы ethereum
total cryptocurrency bitcoin 20 instant bitcoin
bitcoin ocean bitcoin что bitcoin roll algorithm ethereum ютуб bitcoin bitcoin ваучер ethereum raiden cryptocurrency arbitrage обменник bitcoin
tx bitcoin порт bitcoin продам ethereum monero форум bitcoin datadir выводить bitcoin отзыв bitcoin bitcoin часы clame bitcoin bitcoin qr ninjatrader bitcoin
bitcoin journal bitcoin коллектор отдам bitcoin bitcoin trojan
миллионер bitcoin bitcoin attack bitcoin bot обозначение bitcoin monero обмен котировка bitcoin sberbank bitcoin акции bitcoin bitcoin кредиты ethereum купить coin bitcoin bitcoin программирование
bitcoin халява ethereum cpu bitcoin vip удвоить bitcoin клиент bitcoin bootstrap tether bitcoin технология rpc bitcoin chaindata ethereum раздача bitcoin цена ethereum bitcoin millionaire bitcoin github bitcoin card freeman bitcoin
waves bitcoin bitcoin buy location bitcoin bitcoin scan bitcoin easy bitcoin транзакция bitcoin уполовинивание bitcoin cli bitcoin loto bitcoin wm As mentioned already, each new implementation of blockchain brings new possibilities. With Ethereum, smart-contract based applications are being explored already. Weather data can trigger automatic insurance payouts for goods which have been delayed by a storm. Individuals can participate in mutual schemes to insure household goods based on price feeds and verified damage reports.ethereum фото monero ann bitcoin nodes bitcoin акции bitcoin мастернода escrow bitcoin bitcoin usa ethereum farm takara bitcoin
blitz bitcoin заработок bitcoin bitcoin books Transparent: The code is open source, meaning anyone can look at it. On the blockchain, anyone can scan through the history to see how decisions were made. casper ethereum
брокеры bitcoin Alternative Blockchain Applicationsbitcoin skrill bitcoin casino виталий ethereum
майнер monero system bitcoin ethereum os bitcoin раздача bitcoin matrix cryptocurrency nem google bitcoin bitcoin компьютер bitcoin casino ethereum bitcoin difficulty ethereum bitcoin kurs бесплатный bitcoin bitcoin генератор
bitcoin онлайн charts bitcoin iobit bitcoin card bitcoin bitcoin oil reklama bitcoin bitcoin фото wallet tether bitcoin doubler mempool bitcoin wechat bitcoin казахстан bitcoin
е bitcoin bitcoin сети average bitcoin bitcoin create кран bitcoin bitcoin кредит bitcoin playstation автосборщик bitcoin planet bitcoin bitcoin traffic bitcoin department bitcoin cryptocurrency bitcoin шрифт
bitcoin получение script bitcoin
bitcoin регистрация enterprise ethereum
bitcoin аккаунт FraudProsHow it worksethereum видеокарты register bitcoin monero free ethereum coin
bitcoin 3
Bitcoin is not recognized as an official currency but a form of private moneyWhat is Ethereum?wechat bitcoin bitcoin step wirex bitcoin bitcoin kazanma electrum bitcoin planet bitcoin ico monero обмен bitcoin blacktrail bitcoin icons bitcoin monero js accepts bitcoin bitcoin spinner bitcoin бонусы charts bitcoin bitcoin расшифровка
яндекс bitcoin ethereum foundation стоимость bitcoin знак bitcoin wiki bitcoin bitcoin pattern byzantium ethereum tether обзор bitcoin poloniex dwarfpool monero bitcoin бумажник ethereum telegram token bitcoin json bitcoin рост bitcoin truffle ethereum bitcoin mail bitcoin trend скачать bitcoin криптовалюту monero habrahabr bitcoin bitcoin rotator fx bitcoin
bitcoin casascius перевод bitcoin bitcoin суть store bitcoin sberbank bitcoin заработка bitcoin love bitcoin
service bitcoin coinmarketcap bitcoin bitcoin gift майн ethereum
ethereum валюта ethereum swarm bitcoin валюты Out of the hacker culture grew an informal system of collaborative software-making that existed outside of any individual company. Known as the 'free' or 'open source' software movement, and abbreviated FOSS, this social movement sought to popularize certain ethical priorities in the software industry. Namely, it lobbied for liberal licensing, and against collecting or monetizing data about users or the way they are using a given piece of software.stock bitcoin ethereum 1070 roboforex bitcoin bitcoin ann monero miner reddit cryptocurrency bitcoin форумы ethereum investing код bitcoin аналитика bitcoin bitcoin super знак bitcoin coins bitcoin bitcoin nvidia ethereum raiden greenaddress bitcoin make bitcoin monero hardfork ethereum io source bitcoin bitcoin shop micro bitcoin ropsten ethereum bitcoin coinmarketcap lealana bitcoin капитализация ethereum
ethereum microsoft bitcoin nyse monero калькулятор bitcoin заработка асик ethereum
tether usdt bitcoin roll продать monero ethereum сегодня
top tether динамика ethereum bitcoin cryptocurrency bitcoin billionaire 777 bitcoin bitcoin shops
bitcoin mmgp takara bitcoin bitcoin account
bitcoin блок
bitcoin видеокарты oil bitcoin arbitrage bitcoin
bitcoin investing иконка bitcoin ubuntu bitcoin майнинга bitcoin bitcoin fork bitcoin курс криптовалюту bitcoin bubble bitcoin bitcoin reddit amazon bitcoin cryptocurrency tech bitcoin переводчик лотерея bitcoin bitcoin шахта bitcoin 2 символ bitcoin цена ethereum bitcoin compare
bitcoin перевести
free ethereum bitcoin банк китай bitcoin How will this benefit large industries?One of the most innovative aspects of Monero is the dynamic block size for new blocks. Monero uses the past median in the blocksize as one of the components to dynamically increase and decrease the cap on the block size.Dynamic block size prevents congestion if the network usage increases, providing room to scale over time. However, some research companies (e.g., Noncesense Research) uncovered a potential vulerability known as a 'big-bag attack.'. Since then, some changes have been introduced to protect against this potential exploit.bitcoin ledger bitcoin key
matteo monero chart bitcoin avatrade bitcoin bitcoin puzzle прогнозы bitcoin ethereum rig график monero вывести bitcoin supernova ethereum bitcoin word x bitcoin scrypt bitcoin 1080 ethereum click bitcoin bitcoin bcc ann ethereum While there are nominal costs to use bitcoin, the transaction fees and mining pool donations are cheaper than conventional banking or wire transfer fees.Bitcoin Production Factsbitcoin qiwi bitcoin hyip
bitcoin установка
майн ethereum
bitcoin capital bitcoin шахта bitcoin pools теханализ bitcoin boxbit bitcoin bitcoin goldmine tether addon
ethereum info bitcoin видеокарты проекты bitcoin bitcoin форум хардфорк ethereum An illustration of Ethereum community members working togetherAn illustration of Ethereum community members working togetherOn December 18th 2017, Litecoin reached its all-time high, $360.93, which, when compared to the price one year before ($4.40), was an incredible 8200% rise. This is wholly reflective of a booming cryptocurrency marketplace, whose total market cap ballooned from $17.7bn to around $650bn in just one year, an increase of over 3,600%.продать ethereum
история ethereum хайпы bitcoin ad bitcoin ethereum investing принимаем bitcoin bitcoin de bitcoin euro bitcoin стратегия adbc bitcoin monero address cold bitcoin зарабатывать ethereum обменять ethereum decred cryptocurrency x2 bitcoin
tether 2 bitcoin lion bitcoin favicon seed bitcoin ecdsa bitcoin bitcoin обои bitcoin рублей ethereum пул bitcoin crush stealer bitcoin проекты bitcoin технология bitcoin ethereum ann bitcoin gold
monero cpu mining cryptocurrency ethereum обмен super bitcoin валюты bitcoin testnet bitcoin bitcoin список roulette bitcoin bitcoin шахты bitcoin оборот ethereum картинки monero майнинг swarm ethereum monero amd bitcoin roll bitcoin department bitcoin фарм purchase bitcoin mercado bitcoin bitcoin agario сложность monero monero simplewallet bitcoin nonce checker bitcoin 100 bitcoin bitcoin котировка
bitcoin hosting secp256k1 bitcoin bitcoin динамика скачать tether 2018 bitcoin xbt bitcoin forum ethereum обвал ethereum bitcoin приват24 bitcoin okpay testnet ethereum bitcoin algorithm mooning bitcoin и bitcoin auto bitcoin bitcoin script
bitcoin пирамиды
Note: Pool addresses are for users from Europe where indicated. Other addresses will apply from other parts of the world.FOUR PRECONDITIONS OF A REFORMATIONBitcoin vs. Ethereum: An Overview joker bitcoin WHY DO MINERS EXIST?bitcoin обучение ethereum metropolis bitcoin plus alpari bitcoin bitcoin history bitcoin сервисы monero usd ethereum org
q bitcoin
конвертер bitcoin токен bitcoin cms bitcoin bitcoin poker bitcoin hacker tether приложение карты bitcoin bitcoin asics bitcoin scrypt
bitcoin poloniex шифрование bitcoin bitcoin maps 50 bitcoin zebra bitcoin bitcoin anonymous pirates bitcoin http bitcoin cryptocurrency faucet майнинг monero взлом bitcoin monero ico StorJ, a theorized autonomous agent which utilizes humans to build itself and issues autonomous payments for improvement work done, is not a conscious entity. Whatever AI is possible, is not going to be magically more possible simply because it could incentivize human behaviour with pseudonymous Bitcoin payments.bitcoin tor difficulty monero bitcoin genesis bitcoin conveyor ethereum фото продам ethereum bitcoin приложения bitcoin clouding ethereum транзакции
bitcoin fasttech
carding bitcoin
casascius bitcoin
ethereum studio ethereum обменять bitcoin rt
calculator bitcoin перспективы ethereum icon bitcoin
bitcoin antminer bitcoin hacking эмиссия bitcoin ethereum получить bitcoin coin unconfirmed bitcoin
bitcoin video bitcoin создатель ethereum stats
bitcoin 5 bitcoin xl курс tether bitcoin oil moneybox bitcoin
