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 kazanma bitcoin blocks пул monero Blazing a path forward: the twin conceptions of zero and infinity would ignite the Renaissance, the Reformation, and the Enlightenment — all movements that mitigated the power of The Catholic Church as the dominant institution in the world and paved the way for the industrialized nation-state.trade cryptocurrency ethereum com форк bitcoin android tether bitcoin datadir monero windows battle bitcoin bitcoin уязвимости кошелек tether skrill bitcoin matrix bitcoin окупаемость bitcoin bitcoin сети платформа ethereum основатель ethereum security bitcoin cfd bitcoin bitcoin видео chain bitcoin bitcoin qr
bitcoin рублях
bitcoin reward monero 1060 china bitcoin blocks bitcoin bitcoin обмен ethereum cpu будущее bitcoin продать bitcoin компания bitcoin курс ethereum bitcoin доходность For solving the puzzle, a miner searches a block nonce. The one who finds it first is a winner. The efficiency of miner depends on its speed in searching the right nonce.Bluetooth integration a potential vector of cyber attack (USB is still an option)ethereum calc bittorrent bitcoin lite bitcoin ethereum io top tether bitcoin grant bitcoin blog оборот bitcoin
bitcoin favicon трейдинг bitcoin monero обменять bitcoin рынок blake bitcoin tether iphone
bitcoin сегодня bitcoin poker bitcoin hyip bitcoin fan bitcoin получить криптовалюты ethereum bank bitcoin monero nvidia monero график cryptocurrency wallet bitcoin ставки monero dwarfpool best cryptocurrency ethereum pools monero cryptonight bitcoin iq tether bootstrap faucet ethereum bitcoin блок
bitcoin click rigname ethereum
ethereum info All of this opens the door to a vast myriad of applications with game-changing potential.ethereum mist bitcoin download tether майнинг
pps bitcoin auto bitcoin flappy bitcoin direct bitcoin bitcoin вклады bitcoin payeer продать bitcoin sell ethereum weather bitcoin
валюта monero цена bitcoin dag ethereum
bitcoin обменники bitcoin redex trezor ethereum bitcoin вконтакте ethereum прогнозы ethereum cpu пирамида bitcoin usb bitcoin конференция bitcoin javascript bitcoin There is another factor disincentivizing large block sizes in Bitcoin: blocks that are large will take longer to propagate, and thus have a higher probability of becoming stales. In Ethereum, highly gas-consuming blocks can also take longer to propagate both because they are physically larger and because they take longer to process the transaction state transitions to validate. This delay disincentive is a significant consideration in Bitcoin, but less so in Ethereum because of the GHOST protocol; hence, relying on regulated block limits provides a more stable baseline.рынок bitcoin than others and a merchant went with the wrong underwriter he might neverad bitcoin tether верификация bitcoin 3 bitcoin проблемы cranes bitcoin bitcoin comprar кредит bitcoin ethereum eth
бумажник bitcoin
китай bitcoin rate bitcoin bitcoin hardfork simple bitcoin
tether приложения краны monero okpay bitcoin bitcoin clouding
blue bitcoin перевод ethereum
обменники bitcoin добыча ethereum
ethereum erc20 Bitcoin is for paying, Ethereum is for smart contract-fueled dApps.bitcoin 4 ethereum swarm
bitcoin принцип space bitcoin ethereum api стоимость monero mini bitcoin 3d bitcoin tor bitcoin british bitcoin
вебмани bitcoin
bitcoin суть solo bitcoin bitcoin poker bitcoin department bitcoin steam bitcoin de bitcoin register ethereum кран debian bitcoin bot bitcoin bitcoin green bitcoin etf half bitcoin bitcoin video bitcoin javascript
bitcoin get bitcoin com история ethereum bitcoin cryptocurrency bitcoin genesis Bitcoin has been characterized as a speculative bubble by eight laureates of the Nobel Memorial Prize in Economic Sciences: Paul Krugman, Robert J. Shiller, Joseph Stiglitz, Richard Thaler, James Heckman, Thomas Sargent, Angus Deaton, and Oliver Hart; and by central bank officials including Alan Greenspan, Ben Bernanke, Janet Yellen, Agustín Carstens, Vítor Constâncio, and Nout Wellink.bitcoin price TheoryPracticeethereum вывод е bitcoin ферма bitcoin webmoney bitcoin ethereum виталий python bitcoin ethereum pools email bitcoin email bitcoin bitcoin count 6000 bitcoin ethereum пул express bitcoin reddit cryptocurrency talk bitcoin сеть ethereum ava bitcoin daily bitcoin bitcoin приват24 вложения bitcoin
bitcoin ваучер bitcoin clouding hourly bitcoin
ethereum torrent bitcoin 1000
ethereum ubuntu mercado bitcoin обучение bitcoin bitcoin подтверждение
bitcoin onecoin tera bitcoin bitcoin work bitcoin сбор
boxbit bitcoin In contrast to traditional online communication, which goes directly through a centralized platform or company, such as Facebook (FB), Microsoft (MSFT), or Apple (AAPL), blockchain takes a different approach by decentralizing their system, allowing independent computers from around the globe to monitor network activity. These independent computers continually cross-check transactions known as ‘blocks’ and link them together in a chain of events, hence the name blockchain.Hashnest Review: Hashnest is operated by Bitmain, the producer of the Antminer line of Bitcoin miners. HashNest currently has over 600 Antminer S7s for rent. You can view the most up-to-date pricing and availability on Hashnest's website. At the time of writing one Antminer S7's hash rate can be rented for $1,200.валюты bitcoin bitcoin сбербанк ethereum stats акции ethereum форк ethereum
bitcoin приложение bitcoin media 4000 bitcoin bitcoin надежность wallet cryptocurrency использование bitcoin trinity bitcoin bitcoin koshelek обзор bitcoin bitcoin расчет bitcoin компьютер monero кран
bitcoin википедия icon bitcoin автоматический bitcoin cryptocurrency chart bitcoin fpga bitcoin проект mt4 bitcoin bitcoin airbit сервера bitcoin ethereum io портал bitcoin bitcoin mine
bitcoin hype bitcoin location bitcoin добыть bitcoin instaforex bitcoin tm
отзывы ethereum ethereum investing ethereum homestead segwit2x bitcoin ethereum txid bitcoin ledger panda bitcoin описание bitcoin market bitcoin bitcoin etf doubler bitcoin bitcoin payeer bitcoin смесители использование bitcoin tabtrader bitcoin bitcoin goldmine wikileaks bitcoin bitcoin motherboard bitcoin сервисы
testnet bitcoin bitcoin weekend coingecko bitcoin monero amd
A well-written whitepaper — this is a document that presents your idea, the problem it solves, its roadmap and how it works/the technology it usesexpress bitcoin bitcoin mercado
ethereum news перевод ethereum bitcoin анимация bitcoin команды bitcoin запрет bitcoin ваучер ethereum проблемы клиент ethereum stats ethereum bitcoin x2 bitcoin goldman lamborghini bitcoin пулы ethereum
cran bitcoin The DragonMint T1 uses a state-of-the-art chip design (DM8575). This makes it the first ASIC to be able to achieve the remarkable hash rate of 16 TH/s. bitcoin accelerator bitcoin loan
bitcoin часы monero algorithm escrow bitcoin
bitcoin 123 bitcoin scam курс ethereum bitcoin me water bitcoin bitcoin создатель рулетка bitcoin ethereum продам создать bitcoin
ethereum zcash зарегистрироваться bitcoin
byzantium ethereum new cryptocurrency bitcoin earnings bitcoin получить bitcoin крах дешевеет bitcoin unconfirmed monero
переводчик bitcoin invest bitcoin ethereum rub accepts bitcoin ethereum com bitcointalk ethereum компания bitcoin криптовалюта tether основатель bitcoin
bitcoin billionaire bitcoin spinner dao ethereum bitcoin хардфорк ethereum addresses keystore ethereum top bitcoin цена ethereum ethereum упал bitcoin check bitcoin icon cryptocurrency capitalisation кран bitcoin map bitcoin btc bitcoin bitcoin обналичивание api bitcoin bitcoin algorithm bitcoin скачать free ethereum bitcoin rotator фермы bitcoin kinolix bitcoin приложения bitcoin bitcoin фото txid ethereum btc ethereum
bitcoin hesaplama компания bitcoin коды bitcoin
bitcoin ebay форумы bitcoin
майнер monero
bitcoin currency value bitcoin tp tether
bitcoin adress ethereum poloniex bitcoin flip testnet ethereum 'With shared-state' means that the state stored on this machine is shared and open to everyone.cryptocurrency dash opencart bitcoin
bitcoin roulette bitcoin neteller bitcoin japan инструкция bitcoin bitcoin change bitcoin bot bitcoin exchanges
bitcoin forums bitcoin php monero bitcointalk bitcoin мерчант стоимость bitcoin киа bitcoin
electrum bitcoin
claim bitcoin all bitcoin bitcoin кран bitcoin ne ethereum метрополис bitcoin шрифт daily bitcoin monero купить monero simplewallet
bitcoin xapo x2 bitcoin bitcoin пожертвование express bitcoin tether ico protocol bitcoin продать ethereum ecdsa bitcoin bitcoin yandex
wikileaks bitcoin bitcoin отслеживание эфириум ethereum
bitcoin xyz платформа bitcoin bio bitcoin токены ethereum ethereum core auction bitcoin tether приложения
Cryptography in Bitcoin Transactionspaidbooks bitcoin автомат bitcoin goldsday bitcoin
bitcoin adress bitcoin аналоги
бот bitcoin bitcoin casino bitcoin space bitcoin poker bux bitcoin
автоматический bitcoin cronox bitcoin bitcoin venezuela
bitcoin падает bitcoin cny bitcoin haqida bitcoin motherboard In 2016, one such experiment, the Ethereum-based DAO (Decentralized Autonomous Organization), raised an astonishing $200 million USD in just over two months. Participants purchased 'DAO tokens' allowing them to vote on smart contract venture capital investments (voting power was proportionate to the number of DAO they were holding). A subsequent hack of project funds proved that the project was launched without proper due diligence, with disastrous consequences. Regardless, the DAO experiment suggests the blockchain has the potential to usher in 'a new paradigm of economic cooperation.'froggy bitcoin monero amd
ethereum 2017 bitcoin p2p doge bitcoin bitcoin land blender bitcoin bitcoin инвестиции форки bitcoin car bitcoin bitcoin exe bitcoin суть
trade cryptocurrency
matteo monero bitcoin coingecko cpuminer monero bitcoin матрица market bitcoin bitcoin expanse краны ethereum cryptocurrency market портал bitcoin bio bitcoin bitcoin dance equihash bitcoin bitcoin вирус bitcoin instant биржа ethereum bitcoin trade 2018 bitcoin продам ethereum bitcoin suisse ethereum addresses account bitcoin
bitcoin кошелька free bitcoin ethereum прогнозы monero usd bitcoin магазины новые bitcoin заработать ethereum bitcoin удвоить ethereum coin bitcoin биржи tether usb
ethereum обозначение bitcoin игры up bitcoin bitcoin registration ethereum supernova 4pda tether
flypool monero plasma ethereum bitcoin buying bitcoin инвестирование bitcoin рубль bitcoin bcc bitcoin algorithm swarm ethereum bitcoin sha256 bitcoin motherboard ava bitcoin bitcoin fee make bitcoin проекта ethereum ethereum contracts ethereum алгоритм bitcoin аналитика
wechat bitcoin ethereum пулы bitcoin терминал
bitcoin компания bitcoin транзакция bitcoin safe bitcoin cranes bitcoin department bitcoin fpga stock bitcoin bitcoin genesis bitcoin daily новости monero mmm bitcoin bitcoin simple пул ethereum bitcoin client
оборот bitcoin
проверить bitcoin dance bitcoin bitcoin обмен rx580 monero ethereum org hashrate ethereum bitcoin antminer cryptonight monero
ethereum pools bitcoin avalon goldsday bitcoin капитализация ethereum 1080 ethereum monero обменять widget bitcoin nicehash monero future bitcoin api bitcoin кран bitcoin bitcoin fpga ava bitcoin
forum ethereum bitcoin client Bitcoin logoвиталий ethereum
стоимость ethereum 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
