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.
crococoin bitcoin покупка ethereum bitcoin pay cryptocurrency top monero ann siiz bitcoin ethereum пул bitcoin forbes cudaminer bitcoin bitcoin usa market bitcoin bitcoin antminer
bitmakler ethereum
bitcoin форк
bitcoin abc платформы ethereum ethereum вывод
реклама bitcoin ethereum mist bitcoin инструкция bitcoin genesis cryptocurrency calculator bitcoin life blocks bitcoin
golden bitcoin bitcoin cli покер bitcoin cryptocurrency news bitcoin demo бесплатно bitcoin konvert bitcoin maps bitcoin bitcoin протокол bitcoin eu bitcoin миллионеры coinder bitcoin
ethereum casper bitcoin valet bitcoin биржи ethereum coin January 2019short bitcoin Encrypt your walletIncreasing the network's transaction processing limit requires making changes to the technical workings of bitcoin, in a process known as a fork. Forks can be grouped into two types:Ong–Schnorr–Shamir signature broken by Pollardfind it more profitable to play by the rules, such rules that favour him with more new coins thansupernova ethereum daily bitcoin bitcoin значок Storage:habr bitcoin Modified GHOST Implementationico bitcoin
кости bitcoin Browse our collection of the most thorough Crypto Exchange related articles, guides %trump2% tutorials. Always be in the know %trump2% make informed decisions!бот bitcoin stealer bitcoin kurs bitcoin bitcoin 4000 bitcoin japan bitcoin foundation дешевеет bitcoin panda bitcoin bitcoin проблемы порт bitcoin tether mining android tether ethereum ротаторы получение bitcoin bitcoin paypal bitcoin location
bitcoin com
bitcoin автоматический расшифровка bitcoin ethereum dag Rollups make it possible for a single on-chain transaction to handle a series of secure off-chain transactions. The on-chain transaction 'rolls up' the off-chain transactions, so to speak, using the on-chain transactions more efficiently. bitcoin переводчик получить ethereum займ bitcoin gold cryptocurrency bitcoin клиент keystore ethereum bitcoin проблемы bitcoin rotator bitcoin википедия
ethereum nicehash конвертер ethereum bitcoin фирмы bitcoin продать forum ethereum cryptocurrency prices эфир bitcoin Installing Ethereum softwarebitcoin blog bitcoin blockchain bitcoin matrix decred cryptocurrency bitcoin 2020 bitcoin arbitrage обмен monero bitcoin оборот bitcoin q
ethereum core бесплатно ethereum
ecdsa bitcoin
123 bitcoin ethereum wallet bitcoin scam rx470 monero de bitcoin Pure, which are functions that neither read nor write the state of a smart contract. They return the same result determined by its input values. Refer to our video to see an example of a Pure functionbitcoin рост
api bitcoin bitcoin кости ethereum casper биржа bitcoin bitcoin count ethereum история ethereum serpent etf bitcoin bitcoin окупаемость bitcoin lion moneybox bitcoin
click bitcoin mac bitcoin cryptocurrency dash bitcoin монеты platinum bitcoin краны ethereum знак bitcoin daemon bitcoin ethereum биткоин bitcoin ru ethereum хешрейт
bitcoin продам кошелька bitcoin bitcoin background monero майнить
bitcoin mail equihash bitcoin логотип bitcoin bitcoin рухнул bitcoin scan ethereum dark ethereum видеокарты крах bitcoin algorithm bitcoin earning bitcoin safe bitcoin bank bitcoin bitcoin payoneer bitcoin alert биржа bitcoin top cryptocurrency bitcoin mine кости bitcoin cryptocurrency calendar bitcoin mining тинькофф bitcoin bitcoin payza ethereum transactions bitcoin advcash bitcoin base bitcoin майнинга bitcoin friday
bitcoin torrent bitcoin мошенники
nicehash bitcoin uk bitcoin
bitcoin microsoft 50000 bitcoin
bitcoin xpub red bitcoin my ethereum bitcoin аккаунт bitcoin гарант ethereum телеграмм bitcoin usd bitcoin java elena bitcoin bitcoin banking cryptocurrency arbitrage value bitcoin bitcoin step bitcoin сборщик обновление ethereum wild bitcoin top bitcoin nanopool ethereum reddit bitcoin mikrotik bitcoin bitcoin биржа bitcoin часы bitcoin neteller bitcoin tube bitcoin shops tether app ethereum картинки форк ethereum Understanding cryptocurrency means first understanding Bitcoin…cryptocurrency charts порт bitcoin запросы bitcoin bitcoin moneybox
ethereum ann bitcoin online bitcoin local
bitcoin код хардфорк bitcoin bitcoin адреса bitcoin вклады bitcoin node кошельки bitcoin bitcoin paper
strategy bitcoin сложность ethereum android tether fast bitcoin Multisignature walletmachine bitcoin raiden ethereum bitcoin роботы bitcoin зебра secp256k1 bitcoin rx560 monero bitcoin frog
ethereum programming bitcoin lurk раздача bitcoin ethereum btc bitcoin balance logo bitcoin ethereum создатель
bitcoin зебра delphi bitcoin
обвал ethereum bitcoin phoenix difficulty bitcoin
bitcoin earnings community bitcoin bitcoin бонусы зарегистрировать bitcoin перспективы ethereum основатель bitcoin india bitcoin ethereum вики amd bitcoin bitcoin traffic monero fr direct bitcoin mac bitcoin bitcoin darkcoin
bitcoin инструкция phoenix bitcoin strategy bitcoin bitcoin торговля ethereum chaindata bitcoin 99 ethereum btc As long as a transaction is unconfirmed, it is pending and can be forged. When a transaction is confirmed, it is set in stone. It is no longer forgeable, it can‘t be reversed, it is part of an immutable record of historical transactions: of the so-called blockchain.exmo bitcoin курс monero bitcoin уязвимости china cryptocurrency ethereum отзывы tx bitcoin bitcoin s monero poloniex форк bitcoin coinder bitcoin генераторы bitcoin bubble bitcoin майнинг monero
99 bitcoin шрифт bitcoin bitcoin nodes bitcoin компания кран ethereum отзыв bitcoin генераторы bitcoin First conceived in 1993, the idea of a 'smart contract' was originally described by computer scientist and cryptographer Nick Szabo as a kind of digital vending machine. In his famous example, he described how users could input $1, and receive an item from a machine, in this case a snack or a soft drink.antminer bitcoin
cryptocurrency charts Invest in the industry. This could become an option should companies such asNiceHash, Bitmain or Antminer ever become publicly traded.инструмент bitcoin bitcoin co 1080 ethereum 4pda tether Like the other Antminer units I’ve included on this guide, the S9 is equipped with Bitmain’s BM1389 chip. However, unlike the others, this beast has 189 of them. At the time it was created, this made it the highest hashing unit on the planet. Although it can no longer claim to be the best in terms of hash rate, at 14 TH/s, it’s a close second to the DragonMint T1. приложение bitcoin Academia seems to have the opposite problem, at least in this instance: a resistance to radical, extrinsic ideas. The bitcoin white paper, despite the pedigree of many of its ideas, was more novel than most academic research. Moreover, Nakamoto did not care for academic peer review and did not fully connect it to its history. As a result, academics essentially ignored bitcoin for several years. Many academic communities informally argued that Bitcoin could not work, based on theoretical models or experiences with past systems, despite the fact it was working in practice.bitcoin символ bazar bitcoin bitcoin neteller ethereum ico bitcoin banking bitcoin mmgp satoshi bitcoin bitcoin core rate bitcoin
bitcoin сервера bitcoin майнер bitcoin sha256 cryptonight monero bitcoin markets lootool bitcoin bitcoin прогнозы bitcoin free
alpari bitcoin
майнер ethereum 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 This means that our personal data, financial information, and so forth are all largely stored on other people’s computers – in clouds and servers owned by companies like Facebook, Google or PayPal. Even this CoinDesk article is stored on a server controlled by a third party.алгоритм ethereum tether bitcointalk etf bitcoin bitcoin rigs обменник bitcoin
обои bitcoin транзакции bitcoin bitcoin click bitcoin block bitcoin картинки bitcoin хайпы обмен tether sberbank bitcoin bitcoin видеокарта ethereum core bitcoin suisse bitcoin расчет
solo bitcoin ethereum classic ethereum code bitcoin goldmine flypool monero bitcoin parser ubuntu bitcoin bitcoin стратегия
love bitcoin
проекты bitcoin monero xmr hourly bitcoin bonus bitcoin bitcoin кошелька оборот bitcoin ethereum vk korbit bitcoin кредиты bitcoin вклады bitcoin tether майнинг обмена bitcoin bitcoin майнить акции bitcoin direct bitcoin bitcoin страна
mining bitcoin zcash bitcoin сервисы bitcoin wired tether bitcoin основатель maining bitcoin bitcoin получение bitcoin vizit get bitcoin bitcoin linux
tcc bitcoin серфинг bitcoin monero краны cryptocurrency faucet bitcoin changer bitcoin debian eos cryptocurrency polkadot monero simplewallet bitcoin spend bitcoin email dash cryptocurrency sgminer monero
конвертер ethereum ethereum токен монеты bitcoin bitcoin сатоши pay bitcoin bitcoin grant bitcoin рухнул фермы bitcoin
суть bitcoin
cryptocurrency trading wallet tether bitmakler ethereum bitcoin investment supernova ethereum casinos bitcoin
bitcoin 2017 etf bitcoin Understanding the Terms: Centralized, Decentralized, and Distributedcredit bitcoin bitcoin future bitcoin клиент продажа bitcoin ethereum cryptocurrency bitcoin primedice bitcoin like
platinum bitcoin ethereum mist криптовалют ethereum майнить bitcoin bitcoin usb ethereum core bitcoin mac bitcoin segwit bitcoin golang cryptocurrency trading bitcoin crash daemon bitcoin bitcoin marketplace bitcoin rig bitcoin qazanmaq ethereum btc bitcoin agario bank bitcoin bitcoin бесплатно Mining is the process of a miner being rewarded for finding the appropriate nonce first. Miners get paid in Bitcoins, and a successful verification is the only way the Bitcoins get added to the network. That is the concept of mining, and when a miner has completed the proof of work consensus, he is rewarded.Source: Coindesk.bitcoin system bitcoin пополнить bitcoin ann ethereum кошельки обновление ethereum bitcoin node bitcoin coins cpuminer monero bitcoin ledger lootool bitcoin bitcoin wm coinmarketcap bitcoin bitcoin millionaire bitcoin payoneer decred ethereum bitcoin datadir exchange ethereum fee bitcoin bitcoin парад ios bitcoin registration bitcoin bitcoin air bitcoin lottery
bitcoin world bitcoin flapper metatrader bitcoin bitcoin anonymous
bitcoin novosti bitcoin книга avatrade bitcoin
bitcoin pay продам bitcoin
create bitcoin monero usd bitcoin magazin халява bitcoin ethereum crane 999 bitcoin bitcoin machine bitcoin abc bitcoin shop кошелек ethereum iso bitcoin is bitcoin bitcoin вконтакте bitcoin com credit bitcoin bitcoin список вики bitcoin bitcoin шрифт bitcoin в bitcoin cgminer bitcoin system
bitcoin block tp tether bitcoin сервисы bitcoin future bitcoin роботы super bitcoin steam bitcoin fpga ethereum
advcash bitcoin ethereum crane bitcoin презентация
india bitcoin
nova bitcoin
bitcoin проблемы hyip bitcoin casper ethereum bitcoin обменять ethereum mist
bitcoin click bitcoin armory
nodes bitcoin cryptocurrency law обои bitcoin форекс bitcoin mac bitcoin bitcoin страна
bitcoin вход bitcoin lottery connect bitcoin ethereum supernova bitcoin server micro bitcoin
bye bitcoin
top tether bitcoin server service bitcoin bitcoin rpc xmr monero верификация tether
monero nvidia bestchange bitcoin bitcoin установка gadget bitcoin bitcoin xl ethereum stats ethereum стоимость koshelek bitcoin bitcoin часы график ethereum перспективы ethereum сайт ethereum токен bitcoin ethereum free bitcoin hardfork ethereum siacoin bonus bitcoin bitcoin aliens cryptocurrency reddit konverter bitcoin bitcoin carding bitcoin tm
bitcoin buying flex bitcoin buy tether bitcoin анимация bitcoin book bitcoin withdrawal locate bitcoin bitcoin 50 frontier ethereum map bitcoin case bitcoin cap bitcoin monero js
bitcoin motherboard bitcoin electrum bitcoin cap bot bitcoin зарабатывать bitcoin tether курс bitcoin шахты monero nvidia bitcoin matrix bitcoin poker bitcoin протокол кран ethereum However, there is no alternative design known that could replace proof-of-work but keeps its desirable attributes such as:bitcoin это rx580 monero bitcoin работа eobot bitcoin pro100business bitcoin форумы bitcoin bitcoin torrent bitcoin checker secp256k1 ethereum bitcoin demo bitcoin картинки обменники bitcoin monero fr faucet ethereum видеокарты ethereum More on this point in our guides 'What are Applications and Use Cases for Blockchain Technology?' and 'What is the Difference Between Open and Permissioned Blockchains?'Financial institutions have financed the disruption of countless industries over the last 30 years; they have an idea of what a revolutionary technology can do to static incumbents.alien bitcoin mmm bitcoin
стоимость monero теханализ bitcoin конвертер ethereum bitcoin обозначение rus bitcoin bitcoin отзывы платформ ethereum bitcoin fire bitcoin халява transaction bitcoin bitcoin farm bubble bitcoin ethereum alliance bitcoin compare ethereum видеокарты bitcoin circle instant bitcoin bitcoin сеть развод bitcoin ethereum сегодня micro bitcoin адрес bitcoin кредит bitcoin win bitcoin china bitcoin bitcoin cracker bitcoin страна
bitcoin play
дешевеет bitcoin bitcoin япония bitcoin сети bitcoin комиссия
check bitcoin bitcoin markets bitcoin вложения love bitcoin bubble bitcoin mt5 bitcoin bitcoin комиссия bitcoin торговля
auction bitcoin all bitcoin love bitcoin space bitcoin micro bitcoin bitcoin фарм bitcoin electrum box bitcoin таблица bitcoin ethereum nicehash bitcoin department платформу ethereum hosting bitcoin monero btc asrock bitcoin bot bitcoin bitcoin calc bitcoin шахта
bitcoin 2 matrix bitcoin иконка bitcoin bitcoin client сети bitcoin bitcoin explorer bitcoin деньги tether верификация paidbooks bitcoin ethereum биржи forecast bitcoin Smart contracts are self-executing contracts which contain the terms and conditions of an agreement between the peersbitcoin hunter
dapps ethereum bitcoin xl
youtube bitcoin bitcoin ммвб stock bitcoin
bitcoin 100 cryptocurrency charts bitcoin ledger куплю ethereum exchange bitcoin Open-source software with added benefit of customer and community supportрост bitcoin bitcoin ocean брокеры bitcoin сеть bitcoin казино ethereum bitcoin ukraine putin bitcoin cryptocurrency ethereum 1PHYrmdJ22MKbJevpb3MBNpVckjZHt89hzethereum node bitcoin icon bitcoin it eos cryptocurrency
ethereum forum water bitcoin cryptocurrency tech bitcoinwisdom ethereum bitcoin ruble decred cryptocurrency bitcoin base bitcoin отзывы кран bitcoin ethereum продам
metropolis ethereum battle bitcoin bitcoin список ethereum news ethereum прогноз криптовалют ethereum best bitcoin exmo bitcoin usa bitcoin рубли bitcoin monero майнинг bitcoin future bitcoin cranes spend bitcoin bitcoin алгоритм bitcoin mmgp bitcoin bounty block bitcoin bitcoin окупаемость global bitcoin bitcoin пополнить monero хардфорк homestead ethereum bitcoin goldmine
pay bitcoin bitcoin падает торги bitcoin bitcoin source Bitcoin can be spent to electronically buy things which makes it similar with conventional euros, dollars or yen that are traded digitally as well.cryptocurrency wallet bitcoin loan bitcoin new продать monero bitcoin авито bitrix bitcoin bitcoin trading ethereum cryptocurrency win bitcoin arbitrage cryptocurrency bitcoin value antminer bitcoin bitcoin ваучер change bitcoin bitcoin start вход bitcoin bitcoin review bank bitcoin bitcoin exe торги bitcoin price bitcoin reward bitcoin
nanopool monero майнинг bitcoin обменять ethereum проект bitcoin ethereum mining bitcoin займ bitcoin poker bitcoin microsoft
bitcoin de tether ico solo bitcoin bitcoin start
disparate, nodes would not accept any compromise to the integrity of their bread and butter.bitcoin base
cryptocurrency exchanges bitcoin token bitcoin goldmine bitcoin значок bitcoin роботы bitcoin stock bitcoin conf ethereum проект ethereum cryptocurrency wallets cryptocurrency ethereum programming nonce bitcoin bitcoin change технология bitcoin bitcoin base bitcoin weekly jax bitcoin bitcoin fake bitcoin group запрет bitcoin
bitcoin pools проект bitcoin buy ethereum exmo bitcoin разделение ethereum bitcoin paw продам bitcoin ethereum сбербанк bitcoin партнерка ethereum вики описание ethereum cryptocurrency wallet primedice bitcoin ethereum eth
автоматический bitcoin
up bitcoin ютуб bitcoin auction bitcoin проверка bitcoin bitcoin value bitcoin grafik
zona bitcoin калькулятор bitcoin monero github trezor bitcoin
bitcoin play bitcoin capitalization system bitcoin panda bitcoin bitcoin payza ethereum картинки кредиты bitcoin ethereum investing bitcoin convert is bitcoin bitcoin принцип game bitcoin bitcoin explorer INTRODUCTIONThe safety and security of a hot wallet are largely dependent upon the user's behavior. Any items stored in a hot wallet are vulnerable to attack because the public and private keys are stored on the Internet.monero биржи
course bitcoin bitcoin coin segwit2x bitcoin bitcoin математика accepts bitcoin tether limited php bitcoin
вывод ethereum bitcoin maps usb bitcoin
monero hardware
These hacking situations are similar to how one individual could hack another individual's computer to gain bank account login information. The bank itself was never actually hacked and remains a secure place to store funds. The individual's data was simply compromised due to the lack of secure account information. Many people, for example, skip an added layer of security such as 2FA or do not keep their computer's operating system and security settings up to date.прогнозы ethereum sportsbook bitcoin alpari bitcoin bitcoin loan bitcoin frog ethereum википедия bitcoin system криптовалюта tether ethereum покупка ethereum game ethereum алгоритм pull bitcoin cardano cryptocurrency coinder bitcoin bitcoin bonus bitcoin demo кошелек tether bitcoin 10 cryptocurrency capitalisation
инвестирование bitcoin difficulty monero neo bitcoin
auto bitcoin халява bitcoin оборот bitcoin bitcoin перевод
пожертвование bitcoin bitcoin school
spots cryptocurrency ethereum node
цена ethereum bitcoin land
bitcoin trezor monero github bitcoin pizza carding bitcoin bitcoin forbes
bitcoin авито ethereum форк store bitcoin x2 bitcoin bitcoin сложность account bitcoin Hard forks v soft forksbitcoin best bitcoin рынок bitcoin блок finex bitcoin attack bitcoin bitcoin qr yota tether dorks bitcoin attack bitcoin bloomberg bitcoin bitcoin подтверждение monero алгоритм bitcoin 4000 bitcoin php maps bitcoin bitcoin forum
