What is the difference between BCH and Bitcoin?

3 answers

• Dec 18, 2021 · 3 years ago
  Bitcoin Cash (BCH) and Bitcoin are both cryptocurrencies, but they have some fundamental differences. Bitcoin Cash was created as a result of a hard fork from Bitcoin in 2017. One major difference is the block size limit. Bitcoin has a block size limit of 1MB, while Bitcoin Cash has a larger block size limit of 8MB. This allows Bitcoin Cash to process more transactions per second and potentially have lower transaction fees. Another difference is the hashing algorithm used. Bitcoin uses the SHA-256 algorithm, while Bitcoin Cash uses the SHA-256D algorithm. Additionally, Bitcoin Cash has implemented a new difficulty adjustment algorithm called the Emergency Difficulty Adjustment (EDA), which allows the network to quickly adjust the difficulty level based on the number of miners. Overall, these differences make Bitcoin and Bitcoin Cash distinct cryptocurrencies with different characteristics and potential use cases.
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• Dec 18, 2021 · 3 years ago
  Bitcoin and Bitcoin Cash are like siblings in the cryptocurrency world. They share a common origin, but they have grown to have their own unique features. Bitcoin Cash was created to address some of the scalability issues faced by Bitcoin. The larger block size limit of Bitcoin Cash allows for more transactions to be processed in each block, which can potentially lead to faster and cheaper transactions. However, Bitcoin still remains the dominant cryptocurrency in terms of market capitalization and adoption. It has a longer track record and a larger network of users and developers. Both Bitcoin and Bitcoin Cash have their own communities and supporters, and their value and future prospects are subject to market dynamics and technological advancements.
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• Dec 18, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Bitcoin Cash (BCH) and Bitcoin are two different digital currencies. Bitcoin Cash was created as a result of a hard fork from Bitcoin, which means that they share a common history up until the point of the fork. After the fork, Bitcoin Cash and Bitcoin became separate cryptocurrencies with their own blockchains. Bitcoin Cash was created with the goal of increasing the block size limit to allow for more transactions to be processed. This was done in order to address some of the scalability issues faced by Bitcoin. Bitcoin, on the other hand, has a smaller block size limit but has a larger network and market capitalization. Both Bitcoin Cash and Bitcoin have their own unique characteristics and potential use cases, and it's up to individual users and investors to decide which one they prefer.
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