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.
кости bitcoin unconfirmed bitcoin bitcoin usd ethereum myetherwallet client ethereum email bitcoin
moto bitcoin
ethereum twitter bitcoin падение bitcoin халява bitcoin venezuela bitcoin lurk cms bitcoin пожертвование bitcoin claim bitcoin vps bitcoin bitcoin форум byzantium ethereum bitcoin future bitcoin tm btc ethereum
blocks bitcoin
600 bitcoin loan bitcoin bitcoin magazine cryptocurrency calendar bitcoin instagram bitcoin reserve fake bitcoin epay bitcoin bitcoin analysis anomayzer bitcoin bitcoin банк обменник bitcoin bitcoin database bitcoin bux bitcoin ledger
dog bitcoin cryptocurrency ico ethereum alliance cryptocurrency price кликер bitcoin little bitcoin bitcoin ваучер bitcoin check explorer ethereum The logic of worse-is-better prioritizes viral growth over fit and finish. Once a 'good' program has spread widely, there will be many users with an interest in improving its functionality and making it excellent. An abbreviated version of the principles of 'worse is better' are below. They admonish developers to avoid doing what is conceptually pleasing ('the right thing') in favor of doing whatever results in practical, functional programs (emphasis added):bitcoin elena анонимность bitcoin monero график рост bitcoin analysis bitcoin segwit2x bitcoin bitcoin список alipay bitcoin bitcoin mac ethereum asics se*****256k1 ethereum The problem with such a large blockchain size is centralization risk. If the blockchain size increases to, say, 100 TB, then the likely scenario would be that only a very small number of large businesses would run full nodes, with all regular users using light SPV nodes. In such a situation, there arises the potential concern that the full nodes could band together and all agree to cheat in some profitable fashion (eg. change the block reward, give themselves BTC). Light nodes would have no way of detecting this immediately. Of course, at least one honest full node would likely exist, and after a few hours information about the fraud would trickle out through channels like Reddit, but at that point it would be too late: it would be up to the ordinary users to organize an effort to blacklist the given blocks, a massive and likely infeasible coordination problem on a similar scale as that of pulling off a successful 51% attack. In the case of Bitcoin, this is currently a problem, but there exists a blockchain modification suggested by Peter Todd which will alleviate this issue.siiz bitcoin bitcoin kran bitcoin видеокарта bitcoin продажа captcha bitcoin bitcoin formula forum bitcoin qtminer ethereum cryptocurrency calendar
bitcoin neteller bitcoin allstars monero js криптовалюту monero bitcoin биржи bitcoin транзакция monero windows bitcoin кликер bitcoin surf платформе ethereum
bitcoin poker bitcoin development ethereum доллар
bitcoin расшифровка
bitcoin конец mining cryptocurrency by bitcoin bitcoin boxbit tether верификация bitcoin machine приложение bitcoin nanopool monero bitcoin сети bitcoin биткоин nicehash bitcoin bitcoin conf ethereum algorithm котировка bitcoin ethereum cgminer обмен tether History is filled with Bitcoin exchanges running away with users’ funds. For this reason, it’s best to move your bitcoins off the exchange once you buy and store your coins in a wallet you own.bitcoin генератор tether обменник trade cryptocurrency bitcoin changer bitcoin withdrawal bitcoin ключи надежность bitcoin bitcoin робот кран ethereum pay bitcoin tether wifi transaction bitcoin se*****256k1 bitcoin coins bitcoin anomayzer bitcoin phoenix bitcoin bitcoin boxbit лотерея bitcoin service bitcoin cryptonight monero
пополнить bitcoin genesis bitcoin bitcoin cny bitcoin koshelek tether обменник bitcoin people
адреса bitcoin tether wifi
ethereum russia bitcoin virus cryptocurrency wikipedia bitcoin окупаемость cnbc bitcoin bitcoin развод
bitcoin atm go bitcoin калькулятор bitcoin ethereum валюта 999 bitcoin film bitcoin bitcoin tube monero transaction ethereum обменять *****a bitcoin frontier ethereum
цена ethereum monero сложность bitcoin download source bitcoin bitcoin bubble icons bitcoin получить bitcoin ethereum биржа black bitcoin bitcoin ocean rotator bitcoin
bitcoin spin обменять monero bitcoin приложения
ethereum ios bitcoin etf cryptocurrency logo transactions bitcoin goldmine bitcoin ethereum go cryptocurrency trading bitcoin проблемы excel bitcoin фьючерсы bitcoin parity ethereum bitcoin youtube ethereum poloniex депозит bitcoin
polkadot cadaver it bitcoin курс ethereum bitcoin carding bitcoin spinner polkadot attack bitcoin ethereum wallet монет bitcoin bitcoin spinner
bitcoin coinmarketcap polkadot блог bitcoin airbit брокеры bitcoin bitcoin прогноз
bitcoin nodes bitcoin friday A physical gold bitcoin in front of a rising chart. ethereum transactions торрент bitcoin bitcoin machine bitcoin стратегия field bitcoin ethereum chart bitcoin passphrase wallet cryptocurrency курс ethereum
primedice bitcoin bitcoin froggy alien bitcoin ethereum contract etf bitcoin bitcoin zebra segwit bitcoin брокеры bitcoin monero продать monero
ethereum blockchain bitcoin poloniex bitcoin javascript
bitcoin софт monero nvidia Other applications for government include digital asset registries, wherein the fast and secure registry of an asset such as a car, home or other property is needed; notary services, where a blockchain record can better verify the seal’s authenticity; and taxes, in which blockchain technology can make it easier to enable quicker tax payments, lower rates of tax fraud and have faster, easier audits.bitcoin iso bitcoin государство bitcoin майнить statistics bitcoin ethereum ico bitcoin xl minergate ethereum bitcoin авито bitcoin форум bitcoin ваучер
bitcoin currency apk tether froggy bitcoin cryptocurrency faucet bitcoin chains bitcoin пополнить bitcoin information site bitcoin ethereum pow адрес bitcoin bitcoin datadir система bitcoin statistics bitcoin the ethereum bitcoin conf bitcoin xt bitcoin fork ethereum упал майнинга bitcoin bitcoin frog ethereum serpent car bitcoin bitcoin virus reddit bitcoin bitcoin бесплатные bitcoin hardware r bitcoin адреса bitcoin
bitcoin блог lazy bitcoin amazon bitcoin tether usd bitcoin steam
bitcoin выиграть заработать monero tether tools wordpress bitcoin bitcoin ann earning bitcoin компьютер bitcoin enterprise ethereum chvrches tether monero pools putin bitcoin game bitcoin china bitcoin dat bitcoin bitcoin исходники bitcoin hyip количество bitcoin monero coin is bitcoin
оплата bitcoin happy bitcoin bitcoin compare bitcoin картинки reindex bitcoin alien bitcoin free ethereum кошельки bitcoin bitcoin stealer bitcoin scripting проекта ethereum bitcoin spinner click bitcoin ethereum calc bitcoin elena bitcoin today
пример bitcoin dice bitcoin bitcoin компьютер сбербанк bitcoin ethereum chaindata ethereum faucets ethereum прогнозы pool bitcoin bitcoin 2017
bitcoin презентация
bitcoin сатоши форумы bitcoin bitcoin king bitcoin fan ethereum php rx580 monero
bitcoin доходность торги bitcoin icons bitcoin bitcoin конвертер bitcoin analytics bitcoin testnet bitcoin trade доходность ethereum litecoin bitcoin история ethereum monero bitcointalk moneypolo bitcoin golden bitcoin отзыв bitcoin wechat bitcoin bitcoin escrow net bitcoin история ethereum картинка bitcoin
rinkeby ethereum проблемы bitcoin bitcoin криптовалюта key bitcoin dogecoin bitcoin bitcoin location ethereum заработок ethereum coin puzzle bitcoin coingecko ethereum компьютер bitcoin bitcoin gif bitcoin exchanges gift bitcoin tether приложение moneybox bitcoin
rotator bitcoin bitcoin pdf сборщик bitcoin bitcoin зебра The Disadvantages of BitcoinAs the value of the unit of 1 BTC grew too large to be useful for day to day transactions, people started dealing in smaller units, such as milli-bitcoins (mBTC) or micro-bitcoins (μBTC).case bitcoin Every day that goes by and Bitcoin hasn’t collapsed due to legal or technical problems, that brings new information to the market. It increases the chance of Bitcoin’s eventual success and justifies a higher price.auction bitcoin
wechat bitcoin monero free bitcoin balance банк bitcoin bitcoin koshelek bitcoin 1000 ico cryptocurrency bitcoin client 1070 ethereum
bitcoin protocol ethereum os bitcoin презентация bitcoin количество кликер bitcoin bag bitcoin bitcoin шахты bitcoin xt bitcoin earning ethereum ротаторы bitcoin генератор история ethereum майнинг monero bitcoin word ethereum биржа
bitcoin транзакции bitcoin lottery bitcoin funding polkadot cadaver стоимость ethereum multisig bitcoin bitcoin analysis bitcoin расшифровка keystore ethereum collector bitcoin bitcoin converter p2pool ethereum
bitcoin foundation ethereum miners master bitcoin wikipedia cryptocurrency фото ethereum банк bitcoin cold bitcoin gif bitcoin майн bitcoin coin bitcoin ethereum api bitcoin приложение PegaSysTekuJavacap bitcoin stake bitcoin bitcoin trading bitcoin настройка raspberry bitcoin bitcoin lurk coingecko bitcoin bitcoin habr ico monero бумажник bitcoin
monero algorithm bitcoin shops ethereum доходность
картинки bitcoin криптовалют ethereum bitcoin оплата bitcoin x2 bitcoin обналичить x bitcoin краны ethereum car bitcoin bitcoin all bitcoin mixer bitcoin dogecoin bitcoin abc bitcoin настройка bitcoin slots monero майнить withdraw bitcoin 2016 bitcoin bitcoin wmx bitcoin maps лотерея bitcoin покупка bitcoin
ethereum code bitcoin rotator cz bitcoin trezor bitcoin
ethereum myetherwallet opencart bitcoin статистика ethereum bitcoin япония ethereum browser bitcoin 2018 bitcoin расшифровка bistler bitcoin clame bitcoin byzantium ethereum bitcoin брокеры bitcoin вконтакте
claymore ethereum
бесплатно ethereum bitcoin акции bitcoin cap заработать ethereum difficulty bitcoin получение bitcoin bitcoin аккаунт hashrate bitcoin bitcoin робот
bitcoin preev
box bitcoin bitcoin lucky all cryptocurrency ethereum web3 zebra bitcoin tether usd bitcoin деньги bitcoin roll cryptocurrency charts bitcoin 3 ethereum клиент ethereum ubuntu bitcoin litecoin to bitcoin neo bitcoin zcash bitcoin bitcoin сети bitcoin google bitcoin stiller bitcoin wordpress bittorrent bitcoin bitcoin visa кошелек tether uk bitcoin up bitcoin windows bitcoin
bitcoin store
ethereum russia bitcoin currency raspberry bitcoin bitcoin video generation bitcoin
bitcoin login bitcoin софт алгоритм ethereum cryptocurrency trading заработка bitcoin bitcoin руб криптовалюта tether ubuntu bitcoin
nicehash bitcoin bitcoin баланс 6000 bitcoin
store bitcoin bitcoin golden bitcoin buying difficulty ethereum bitcoin magazin daemon monero bitcoin запрет bitcoin easy
bitcoin auto казино ethereum кошельки bitcoin flappy bitcoin bitcoin io bitcoin buying bitcoin получение лотерея bitcoin invest bitcoin bitcoin torrent bitcoin abc mini bitcoin скрипт bitcoin keystore ethereum bitcoin tm bitcoin биржи bitcoin demo bitcoin математика
тинькофф bitcoin youtube bitcoin
ethereum install куплю ethereum boxbit bitcoin
capitalization bitcoin картинка bitcoin bitcoin создать monero fr bitcoin 10 bitcoin donate x2 bitcoin bitcoin accelerator x2 bitcoin bitcoin flapper metatrader bitcoin Christine BakerAnd speaking of retail, the onboarding platforms for Bitcoin are getting easier to use. When I first looked at Bitcoin in 2011, and then again in 2017, and then again in early 2020, it was like a new era each time in terms of the usability and depth of the surrounding ecosystem.ethereum картинки ocean bitcoin mist ethereum получение bitcoin bitcoin create difficulty monero
bitcoin openssl bitcoin зарегистрироваться mac bitcoin ethereum пулы vk bitcoin red bitcoin
bitcoin start bitcoin ru bitcoin addnode фарм bitcoin статистика ethereum описание bitcoin ethereum алгоритм
neo cryptocurrency antminer bitcoin block bitcoin bitcoin rub инструкция bitcoin
сколько bitcoin cryptocurrency capitalisation bitcoin strategy wiki bitcoin bitcoin datadir бесплатный bitcoin bitcoin sha256 вывод ethereum cold bitcoin cryptocurrency ethereum
ethereum получить bitcoin код get bitcoin bitcoin now bitcoin qr airbitclub bitcoin сбербанк bitcoin programming bitcoin monero logo preev bitcoin bitcoin formula bitcoin рейтинг best bitcoin monero logo
bitcoin example difficulty bitcoin bitcoin кошелька форки bitcoin котировки bitcoin токен bitcoin x2 bitcoin pixel bitcoin water bitcoin bitcoin сети monero 1070 bitcoin индекс bitcoin code
monero купить
ethereum nicehash bitcoin работать cryptocurrency это bitcoin машины bitcoin zebra bitcoin loan bitcoin faucet location bitcoin fun bitcoin bitcoin doge bitcoin инструкция bitcoin основы компиляция bitcoin майнер ethereum bitcoin мастернода Establish digital identitybitcoin investing кошель bitcoin *****uminer monero bitcoin перспектива
wikileaks bitcoin forbot bitcoin bitcoin putin bitcoin grafik generation bitcoin курс bitcoin nubits cryptocurrency bitcoin get bitcoin casino bitcoin чат hacking bitcoin банк bitcoin bitcoin withdrawal bitcoin statistic money bitcoin avalon bitcoin faucet bitcoin opencart bitcoin search bitcoin rus bitcoin trader bitcoin bitcoin hype фарм bitcoin баланс bitcoin ethereum токен фьючерсы bitcoin So far, our presentation of open allocation governance and hacker culture has presented as an Edenic ideal where everyone works on what they like, without the hassle of a boss. Surely these developers will bump up against one another, creating disagreements. Surely there is accountability. How does a 'leaderless' group actually resolve conflict?Blockchain explained: a chart.tether yota
up bitcoin bitcoin сайты ethereum online bitcoin lurk reward bitcoin bitcoin server bitcoin оплата приложения bitcoin amd bitcoin цены bitcoin куплю bitcoin monero cryptonote bitcoin torrent
bitcoin развод
bitcoin заработок
I think it’s easiest to understand Ethereum by exploring the similarities and differences between Ethereum and a simpler system, Bitcoin. So what are the similarities?In June 2011, Symantec warned about the possibility that botnets could mine covertly for bitcoins. Malware used the parallel processing capabilities of GPUs built into many modern video cards. Although the average PC with an integrated graphics processor is virtually useless for bitcoin mining, tens of thousands of PCs laden with mining malware could produce some results.kong bitcoin верификация tether monero pro ethereum пул bitcoin create bitcoin paper бутерин ethereum протокол bitcoin ethereum node bitcoin стратегия bitcoin evolution bitcoin alliance ethereum php торги bitcoin bitcoin reindex кран ethereum trade cryptocurrency bitcoin development
часы bitcoin алгоритм ethereum разработчик ethereum tether 2 ethereum bitcoin обновление ethereum bitcoin расчет
ethereum получить
wei ethereum bitcoin сервисы bitcoin statistic reverse tether bitcoin сложность keystore ethereum cudaminer bitcoin фермы bitcoin armory bitcoin claim bitcoin auto bitcoin reverse tether bitcoin пополнение ethereum markets ethereum network bitcoin wiki ethereum прогнозы tether обменник bitcoin рейтинг cms bitcoin pokerstars bitcoin bitcoin купить хайпы bitcoin википедия ethereum minergate monero bitcoin laundering bitcoin explorer казино ethereum лотереи bitcoin bitcoin ключи raiden ethereum tether кошелек bitcoin strategy ethereum shares ethereum капитализация bitcoin mining
описание bitcoin bitcoin валюта bitcoin onecoin играть bitcoin new cryptocurrency
проблемы bitcoin bitcoin что
рулетка bitcoin bitcoin mail bitcoin пример bitcoin bitcoin mercado bitcoin balance bitcoin mac torrent bitcoin sgminer monero stock bitcoin fork ethereum bitcoin конверт monero coin bitcoin компьютер генераторы bitcoin
bitcoin life bitcoin криптовалюта bitcoin openssl bitcoin birds rise cryptocurrency bitcoin today код bitcoin
график ethereum earnings bitcoin delphi bitcoin pull bitcoin bitcoin sha256 cryptocurrency magazine ethereum бесплатно eos cryptocurrency fasterclick bitcoin bitcoin сбербанк bitcoin half price bitcoin ethereum хешрейт график ethereum запрет bitcoin monero bitcointalk инструмент bitcoin ethereum pos bitcoin шахты Consensus rule changes may be activated in various ways. During Bitcoin’s first two years, Satoshi Nakamoto performed several soft forks by just releasing the backwards-compatible change in a client that began immediately enforcing the new rule. Multiple soft forks such as BIP30 have been activated via a flag day where the new rule began to be enforced at a preset time or block height. Such forks activated via a flag day are known as User Activated Soft Forks (UASF) as they are dependent on having sufficient users (nodes) to enforce the new rules after the flag day.ethereum txid ethereum web3 1070 ethereum эфир ethereum monero miner bitcoin future bitcoin алгоритм bitcoin теханализ ethereum russia
dwarfpool monero bitcoin mining cryptocurrency charts ethereum bonus bitcoin hd ethereum метрополис msigna bitcoin bloomberg bitcoin bitcoin alpari monero amd пузырь bitcoin bitcoin сети курсы bitcoin oil bitcoin koshelek bitcoin майнинга bitcoin bitcoin de bitcoin qazanmaq
What flaws? For example, think about how long it can take for a bank to settle a cross-border payment, or how financial institutions have been reaping the rewards of fees by acting as a third-party middleman during transactions. Cryptocurrencies work around the traditional financial system through the use of blockchain technology.OK, what the heck is blockchain?cgminer ethereum 50 bitcoin monero обменять ultimate bitcoin bitcoin система clame bitcoin bitcoin lottery nonce bitcoin bitcoin reserve putin bitcoin ethereum вики bitcoin server global bitcoin курс tether bitcoin maps tether addon x bitcoin bitcoin apple click bitcoin
bistler bitcoin bag bitcoin продажа bitcoin
Incorporated exchange: Nobitcoin store криптовалют ethereum rx560 monero auto bitcoin ethereum виталий ann bitcoin
ethereum charts claim bitcoin difficulty ethereum сделки bitcoin ethereum testnet icon bitcoin bitcoin чат bitcoin flapper добыча monero bitcoin видео 6000 bitcoin оплата bitcoin bitcoin продажа wikipedia cryptocurrency ethereum miner up bitcoin количество bitcoin bitcoin io котировки bitcoin monero купить vk bitcoin bitcoin bio polkadot stingray ethereum клиент сайт ethereum analysis bitcoin
bitcoin purse goldsday bitcoin
takara bitcoin bitcoin кошелька ethereum erc20 payable ethereum Financial applications are popularly known as DeFi applications, short for 'decentralized finance.'No fun! If you like building your own Bitcoin hashing systems.byzantium ethereum bitcoin world ecdsa bitcoin bitcoin форумы ru bitcoin ethereum доллар википедия ethereum eth ethereum тинькофф bitcoin
bitcoin express bitcoin иконка bitcoin счет bitcoin ocean avto bitcoin bitcoin center moon bitcoin
bitcoin biz bitcoin реклама bitcoin flapper cryptonight monero
