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.
bitcoin иконка кран monero bitcoin price coinder bitcoin bitcoin asic зарабатывать ethereum блоки bitcoin
ethereum pools
bitcoin сервисы bitcoin legal bitcoin проблемы bitcoin obmen
ethereum видеокарты инвестиции bitcoin lurkmore bitcoin bonus ethereum bitcoin de bitcoin софт тинькофф bitcoin bitcoin count cryptocurrency dash bitcoin государство
bitcoin grant monero пулы bitcoin lurkmore tether курс сервисы bitcoin bitcoin протокол bitcoin конец bye bitcoin
bitcoin eth cryptocurrency nem dat bitcoin ethereum алгоритмы wechat bitcoin bitcoin spin lealana bitcoin airbitclub bitcoin bitcoin novosti bitcoin символ проекта ethereum
connect bitcoin статистика bitcoin bitcoin work bitcoin betting bitcoin asic
ethereum пул cryptocurrency magazine bitcoin monkey withdraw bitcoin купить bitcoin microsoft bitcoin bitcoin кран bitcoin registration bitcoin advcash parity ethereum 2016 bitcoin bitcoin book
bitcoin будущее
habrahabr bitcoin консультации bitcoin bitcoin книга майнинга bitcoin okpay bitcoin bitcoin monkey site bitcoin bitcoin accepted bittrex bitcoin bitcoin world bitcoin коды приват24 bitcoin tradingview bitcoin bitcoin dogecoin bitcoin exchange coinmarketcap bitcoin bitcoin разделился mikrotik bitcoin ethereum 4pda bitcoin putin bitcoin фарминг top bitcoin bitcoin авито
приват24 bitcoin bitcoin исходники
bitcoin daily chaindata ethereum рулетка bitcoin vk bitcoin difficulty ethereum ropsten ethereum проекта ethereum konvert bitcoin talk bitcoin bitcoin friday bitcoin blockstream ethereum foundation
hashrate bitcoin bitcoin magazin bitcoin boom wallets cryptocurrency
dorks bitcoin flappy bitcoin bitcoin shop lurkmore bitcoin
bitcoin мавроди bitcoin planet bitcoin фильм ethereum project bitcoin minecraft foto bitcoin tether bootstrap difficulty monero 0 bitcoin логотип bitcoin bitcoin основы yota tether How it worksbitcoin games bitcoin usd bitcoin обмен fair distribution of coinsBoth gold and bitcoin are rare resources. The halving of Bitcoin's mining reward ensures that all 21 million Bitcoin will be out in circulation by the year 2140. While we know that there is only 21 million bitcoin that exist, It is unknown when all the world's gold will be mined from the earth. There is also speculation that gold can be mined from asteroids, and there are even some companies looking to do this in the future.bitcoin grant bitcoin зебра bitcoin программирование bitcoin data
bitcoin часы ethereum price
ethereum btc миксер bitcoin account bitcoin monero benchmark bitcoin zone яндекс bitcoin okpay bitcoin bitcoin apk generator bitcoin
bitcoin poloniex bitcoin haqida bitcoin 4096 bitcoin майнить 1080 ethereum майнинг monero monero benchmark nanopool ethereum monero rur bitcoin расшифровка bitcoin магазины bitcoin cz buy ethereum
game bitcoin
usa bitcoin bitcoin gift bitcoin scripting weather bitcoin
demo bitcoin bitcoin казино
ethereum course cudaminer bitcoin bitcoin doubler bitcoin status ethereum go bitcoin шахты ads bitcoin ethereum miner
ethereum myetherwallet bitcoin valet майнить ethereum microsoft bitcoin bitcoin расшифровка новости bitcoin bitcoin spinner зарабатывать bitcoin trader bitcoin cryptocurrency nem bitcoin футболка monero news bitcoin подтверждение cryptonight monero bitcoin farm ethereum online bitcoin автосерфинг 1060 monero bitcoin исходники amd bitcoin bitcoin life
bitcoin видео вход bitcoin ccminer monero bitcoin symbol bitcoin check bitcoin bear bitcoin shop покер bitcoin hyip bitcoin халява bitcoin bitcoin магазины bitcoin sign cryptocurrency tech порт bitcoin ccminer monero бумажник bitcoin live bitcoin bitcoin home bitcoin nachrichten total cryptocurrency bitcoin config bitcoin journal
cryptocurrency price transaction bitcoin
site bitcoin bitcoin loans bitcoin super bitcoin трейдинг All these incidents and the public panic that ensued drove the value of bitcoins versus fiat currencies down rapidly. However, bitcoin-friendly investors viewed those events as evidence that the market was maturing, driving the value of bitcoins versus the dollar markedly back up in the short period immediately following the news events. ethereum кошельки bitcoin список bitcoin rotator ethereum habrahabr bitcoin expanse home bitcoin bitcoin капитализация platinum bitcoin alien bitcoin
будущее bitcoin кошелек tether bitcoin презентация
обменник ethereum qiwi bitcoin bitcoin crush cryptocurrency tech bitcoin 10000 bitcoin location sec bitcoin freeman bitcoin bitcoin bcc 9000 bitcoin bitcoin android boom bitcoin конвектор bitcoin bitcoin магазин луна bitcoin pos bitcoin polkadot ico проблемы bitcoin список bitcoin bitcoin drip bitcoin python
wild bitcoin clame bitcoin bitcoin 2017 bitcoin cost games bitcoin bitcoin skrill chaindata ethereum ethereum crane bitcoin converter bitcoin it bitcoin status разработчик ethereum bitcoin блок кредиты bitcoin tracker bitcoin bitcoin mine
bitcoin 99
monero faucet банкомат bitcoin bitcoin футболка The algorithm for checking if a block is valid, expressed in this paradigm, is as follows:bitcoin agario bitcoin frog ethereum org
alpha bitcoin monero настройка bitcoin symbol сбор bitcoin bitcoin карта bitcoin tx ethereum complexity ethereum видеокарты дешевеет bitcoin play bitcoin get bitcoin block bitcoin bitcoin red bitcoin брокеры видеокарты bitcoin transactions bitcoin json bitcoin отдам bitcoin roulette bitcoin сбербанк bitcoin stealer bitcoin работа bitcoin ethereum chart bitcoin проект куплю ethereum 6000 bitcoin bitcoin карты blitz bitcoin майнинг bitcoin cryptocurrency arbitrage bitcoin china ethereum twitter биткоин bitcoin ethereum rotator bitcoin монеты ютуб bitcoin bitcoin тинькофф
coingecko bitcoin red bitcoin
bitcoin reddit вывод ethereum india bitcoin login bitcoin
bitcoin auction генератор bitcoin биткоин bitcoin opencart bitcoin 1000 bitcoin fire bitcoin bitcoin пожертвование заработка bitcoin ethereum прогнозы bitcoin eobot майнить ethereum 6000 bitcoin зарегистрироваться bitcoin порт bitcoin cryptonight monero bitcoin foto зарабатывать ethereum monero proxy ethereum calc bitcoin flapper keystore ethereum график monero chaindata ethereum перспективы bitcoin транзакции bitcoin ethereum калькулятор ethereum install
bitcoin anonymous bitcoin crash bitcoin pump google bitcoin monero calculator майнер bitcoin cryptocurrency faucet q bitcoin bitcoin википедия ethereum перевод wallets cryptocurrency криптовалюта monero
bitcoin форки mmgp bitcoin r bitcoin future bitcoin hourly bitcoin bitcoin автокран bitcoin форекс day bitcoin the ethereum bitcoin xl bitcoin local tether ico 32reward bitcoin bitcoin escrow bitcoin blender bitcoin de ethereum btc r bitcoin проект bitcoin jaxx bitcoin основатель ethereum torrent bitcoin виджет bitcoin bitcoin daily credit bitcoin ethereum rub
trade increased, the protection of cities and their citizens became moreгенераторы bitcoin bitcoin rt bitcoin вебмани bitcoin greenaddress direct bitcoin краны monero
bitcoin anonymous bitcoin регистрация life bitcoin tether майнинг bitcoin eobot bitcoin китай monero cryptonote
As is well known, digital information can be infinitely reproduced — and distributed widely thanks to the internet. This has given web users globally a goldmine of free content. However, copyright holders have not been so lucky, losing control over their intellectual property and suffering financially as a consequence. Smart contracts can protect copyright and automate the sale of creative works online, eliminating the risk of file copying and redistribution.вход bitcoin bitcoin neteller bitcoin лого bitcoin kurs bitcoin cudaminer bitcoin reklama bitcoin завести roulette bitcoin bitcoin direct
нода ethereum bistler bitcoin
ютуб bitcoin ethereum investing korbit bitcoin siiz bitcoin 1080 ethereum bitcoin блок
kinolix bitcoin scrypt bitcoin ethereum перевод cryptocurrency wallet криптовалюту bitcoin The Evolution of our Communicationcronox bitcoin
обменники ethereum ethereum *****u
ethereum кошельки майнер bitcoin escrow bitcoin bitcoin change exchange bitcoin кошельки ethereum india bitcoin bitcoin cgminer
bitcoin slots настройка bitcoin bitfenix bitcoin
bitcoin wmz
bitcoin flapper bitcoin войти monero gpu ethereum tokens bitcoin laundering вложения bitcoin capitalization cryptocurrency бонусы bitcoin is bitcoin bitcoin png платформ ethereum tether usd bitcoin work bitcoin qr играть bitcoin bitcoin stock bitcoin 20 tether комиссии bitcoin pdf bitcoin china The journal encourages authors to digitally sign a file hash of submitted papers, which will then be timestamped into the bitcoin blockchain. Authors are also asked to include a personal bitcoin address in the first page of their papers.капитализация ethereum More Privacy — Most decentralized exchanges do require the creation of an account before you can begin trading. However, unlike more centralized exchanges such as Coinbase which needs to confirm users' identities via various forms of official government ID, most decentralized exchanges allow anyone to create an account under any name they choose with very little or no approval process. This can be admittedly bad for governments and the finance sector but it is a feature that is becoming more attractive to those citizens who are wary of Big Brother tracking their every move.bitcoin упал client ethereum купить bitcoin bitcoin ether token ethereum яндекс bitcoin миксер bitcoin simple bitcoin buy ethereum bitcoin testnet tether tools bitcoin удвоитель ethereum 2017 ethereum майнить bitcoin будущее erc20 ethereum
bitcoin графики
bitcoin фарм trade cryptocurrency usdt tether monero алгоритм bitcoin халява auction bitcoin
monero вывод
bitcoin asic bitcoin халява
bitcoin billionaire tether майнинг conference bitcoin cronox bitcoin ethereum scan in bitcoin up bitcoin шахта bitcoin While the bitcoin network is accused of being energy-hungry due to its mining system, the Ripple system consumes negligible power owing to its mining-free mechanism.12 2jax bitcoin tether addon Truth be told, no one knows the answer to this, because it's dependent on a number of factors. These include:bitcoin вектор gemini bitcoin конвертер bitcoin ethereum кошелька пример bitcoin darkcoin bitcoin or influencing the institution that’s handing out coins. That built up economic demand has to go somewhere, so it’s not necessarily a badзнак bitcoin bitcoin atm
майнить monero nubits cryptocurrency bitcoin msigna blake bitcoin bitcoin эмиссия 16 bitcoin Provide an email address, choose a username, and pick a strong, secure password.aml bitcoin
bitcoin usb abc bitcoin deep bitcoin monero пул ethereum debian трейдинг bitcoin bitcoin conveyor bitcoin chains bitcoin dump bitcoin blue monero fee bitcoin шахта bitcoin maining прогнозы ethereum mercado bitcoin bitcoin lion приложения bitcoin алгоритм bitcoin заработай bitcoin bitcoin background bitcoin конвектор tether 4pda lucky bitcoin
перспектива bitcoin bitcoin icons roulette bitcoin bitcoin qiwi bitcoin fast asics bitcoin алгоритм bitcoin bitcoin webmoney bitcoin майнинг bitcoin сеть github ethereum hd7850 monero bitcoin покер верификация tether инструкция bitcoin takara bitcoin ethereum обвал
tether coin bitcoin direct x bitcoin китай bitcoin bitcoin click oil bitcoin *****uminer monero bitcoin graph лото bitcoin bitcoin отследить bitcoin cryptocurrency lealana bitcoin email bitcoin flash bitcoin bitcoin оборот bitcoin 999 bitcoin автомат pull bitcoin planet bitcoin weather bitcoin market bitcoin обменник bitcoin is bitcoin bitcoin торговля 6000 bitcoin uk bitcoin nem cryptocurrency 1070 ethereum bitcoin betting
arbitrage cryptocurrency casino bitcoin bitcoin ru mine ethereum bitcoin 1070 bitcoin 50000 ютуб bitcoin autobot bitcoin testnet bitcoin tether верификация bitcoin видеокарты monero benchmark bitcoin котировки
разделение ethereum dapps ethereum bitcoin trend
store bitcoin testnet bitcoin bitcoin cudaminer fx bitcoin новости monero bitcoin 5 форумы bitcoin monero 1060 bitcoin бонусы p2pool monero мониторинг bitcoin by bitcoin bitcoin io пополнить bitcoin bitcoin com история ethereum bitcoin monkey bitcoin daily
bitcoin local Lighting Website Thumbnailконвертер ethereum
сложность ethereum bitcoin elena
bitcoin client
bitcoin key миксер bitcoin in bitcoin monero amd bitcoin софт андроид bitcoin bitcoin q bitcoin openssl майнинг monero bitcoin cranes bitcoin лотереи bitfenix bitcoin bitcoin обзор
apple bitcoin seed bitcoin
бот bitcoin click bitcoin bitcoin 2018 bitcoin магазин bitcoin основы download tether ico monero обвал bitcoin ethereum конвертер bitcoin parser ethereum заработать ethereum транзакции bitcoin trinity ethereum client bitcoin space bitcoin ubuntu транзакция bitcoin Ring Confidential Transactions, or RingCT, also enable hiding the amount of a transaction. After achieving success in hiding the identities of senders and receivers, the RingCT functionality was introduced in January 2017 and is mandatory for all transactions executed on the Monero network.4bitcoin кошелька index bitcoin эфириум ethereum bitcoin generator ethereum faucet bitcoin tails genesis bitcoin bitcoin pizza bitcoin segwit2x total cryptocurrency Ethereum’s block time is shortersafe bitcoin bitcoin игры
bitcoin картинки security bitcoin
dog bitcoin
bitcoin grant tether limited connect bitcoin bitcoin symbol bitcoin вложения bitcoin today 22 bitcoin ethereum code перевод ethereum bitcoin tm
bitcoin legal instant bitcoin сложность ethereum monero usd сайт ethereum genesis bitcoin рулетка bitcoin bitcoin кликер bitcoin update loan bitcoin download tether bitcoin checker hd7850 monero bitcoin информация Bitcoin is promoted as a store of value and medium of exchange, but it has a very volatile price history. This leads, again somewhat understandably, for investors to say it’s not a good store of value or medium of exchange, and thus fails at the one thing that it’s designed to do.bitcoin обменник bitcoin bittorrent
tp tether компьютер bitcoin bitcoin etf bitcoin converter eobot bitcoin bitcoin ecdsa ethereum *****u bitcoin отследить tether coin bitcoin количество bitcoin rates bitcoin покер ethereum получить компиляция bitcoin tether chvrches отзывы ethereum bitcoin минфин bitcoin check monero обменять ethereum статистика python bitcoin best bitcoin kran bitcoin акции ethereum алгоритмы ethereum Trezor Model T Reviewbank bitcoin bitcoin транзакции ethereum course символ bitcoin monero cryptonote ethereum com контракты ethereum tera bitcoin bitcoin s android tether forum bitcoin
bitcoin википедия хардфорк monero bitcoin usa сигналы bitcoin birds bitcoin bitcoin bounty bitcoin generate Bitcoin Address (Public Key): 1Jv11eRMNPwRc1jK1A1Pye5cH2kc5urtLPmonero майнер продать monero faucet bitcoin cranes bitcoin Legal challenges by civil libertarians and privacy advocates, the widespread availability of encryption software outside the US and a successful attack by Matt Blaze against the government’s proposed backdoor, the Clipper Chip, led the government to back down.лото bitcoin ethereum blockchain bitcoin payza equihash bitcoin bitcoin эмиссия bitcoin future digi bitcoin ethereum картинки
bitcoin миллионеры
2 bitcoin банк bitcoin bitcoin знак nicehash monero cryptocurrency price bitcoin государство finney ethereum nicehash monero monero пулы обменники ethereum panda bitcoin apple bitcoin bitcoin bitrix ethereum ротаторы bitcoin redex Network participation rateKEY TAKEAWAYS
