Bitcoin separate block chains. Investopedia.com

Dari-phil44

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Quote from: Charles-Tim on July 24, 2021, 04:00:24 AM

Quote from: Dari-phil44 on July 24, 2021, 03:41:10 AM

Bitcoin was like a single entity before it was later separated into 2 separate block chains in 2017; the original Bitcoin and the Bitcoin cash.

Bitcoin is still only a single entity, others that claims to be Bitcoin are altcoins, bitcoin cash is a hardfork of Bitcoin.
[/quote
But not Bitcoin

odolvlobo

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Quote from: Dari-phil44 on July 24, 2021, 03:41:10 AM

The hard fork between Bitcoin and Bitcoin cash was done in part to increase the processing limit from 1 megabyte to 8 megabytes

Between BTC and BCH? No, the hard fork only happen on Bitcoin Cash.

A minor semantic note:

It is entirely accurate to say that there was a fork between Bitcoin and Bitcoin Cash. A hard fork is a split in the chain at a particular point as the result of an incompatible change. It is not the change itself. In this case, one side of the fork is Bitcoin and the other side is Bitcoin Cash. The incompatible change was made by Bitcoin Cash, but it was still a fork between Bitcoin and Bitcoin Cash, regardless.

Dari-phil44

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Quote from: aysg76 on July 25, 2021, 05:35:41 AM

There is only one Bitcoin and all other coins are termed as altcoins or hard fork of Bitcoin and similar thing happened in 2017 August when Bitcoin Cash was launched as hard fork of Bitcoin.It was proposed for faster transactions as block size of Bitcoin was 1Mb at that time and unconfirmed transactions in the memepool were increasing but most of the developer did not support it.It does not use any other Blockchain technology and Bitcoin cash also underwent hard fork in 2018 and split into BC and BSV(Bitcoin Satoshi vision) and using same POW concesus mechanism and moreover its supply is also capped to 21 million.They did not include SegWit into Bcash the other proposal by the developers.Most of the exchanges did not support Bitcoin cash at that time and so called Bitcoin Jesus Roger Ver became it's supporter for his personal benefits but still BTC remain at the top and developer are regularly working on making development for network improvement.So don't get confused between Bitcoin and any other altcoins in the market.

You've enlighten me more on the difference between Bitcoin and the Bitcoin cash. As the Bitcoin cash was created for a faster transaction for multiple users@ aysg76

Dari-phil44

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Between BTC and BCH? No, the hard fork only happen on Bitcoin Cash.
[/quote]
So it doesn't happen with the original Bitcoin as I taught it be. Thanks for the update @ Etf Bitcoin

aysg76

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There is only one Bitcoin and all other coins are termed as altcoins or hard fork of Bitcoin and similar thing happened in 2017 August when Bitcoin Cash was launched as hard fork of Bitcoin.It was proposed for faster transactions as block size of Bitcoin was 1Mb at that time and unconfirmed transactions in the memepool were increasing but most of the developer did not support it.It does not use any other Blockchain technology and Bitcoin cash also underwent hard fork in 2018 and split into BC and BSV(Bitcoin Satoshi vision) and using same POW concesus mechanism and moreover its supply is also capped to 21 million.They did not include SegWit into Bcash the other proposal by the developers.Most of the exchanges did not support Bitcoin cash at that time and so called Bitcoin Jesus Roger Ver became it's supporter for his personal benefits but still BTC remain at the top and developer are regularly working on making development for network improvement.So don't get confused between Bitcoin and any other altcoins in the market.

pooya87

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Quote from: Dari-phil44 on July 24, 2021, 03:41:10 AM

Bitcoin was like a single entity before it was later separated into 2 separate block chains in 2017

Wrong.
Bitcoin is an open source protocol with an open source software all released under a license known as MIT that allows anyone to create a copy of it for themselves. Throughout the bitcoin history tens of thousands of people have created copies of bitcoin.
None of these mean bitcoin split in tens of thousands of chains just because they created a poor copy of it.

Quote

The hard fork between Bitcoin and Bitcoin cash was done in part to increase the processing limit from 1 megabyte to 8 megabytes

Wrong.
The scammers behind bcash created this poor copy so that they could make a lot of money from their scam. The reality is that the bcash average block size is in 100-300 kilobytes which is only 8% of the bitcoin blocks sizes.

JeromeTash

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Do you even understand what you just posted, OP?

Bitcoin has no separate blockchains. It's either Bitcoin or not Bitcoin at all. The rest of the altcoins just use the name Bitcoin to stay relevant such as (bitcoin cash, bitcoin Diamond etc)but they are not Bitcoin's separate blockchains.

Quote from: Dari-phil44 on July 24, 2021, 03:41:10 AM

..despite the fact that high transaction fees made Bitcoin use as a medium for daily transactions unsustainable.

Have you checked the transaction fees today or right now?

1 sat/vbyte is all it takes to get your transaction confirmed in the next block. It's been like this for days. So where's the unsustainability you are talking about?

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

Quote from: Dari-phil44 on July 24, 2021, 03:41:10 AM

Bitcoin was like a single entity before it was later separated into 2 separate block chains in 2017; the original Bitcoin and the Bitcoin cash.

Bitcoin is still only a single entity, others that claims to be Bitcoin are altcoins, bitcoin cash is a hardfork of Bitcoin.

Quote from: Dari-phil44 on July 24, 2021, 03:41:10 AM

At the said time, the Bitcoin community tried to determine how it can improve it's networks ability to process more transactions at the same time.

Use Bitcoin cash community if what you meant is what that led to the hardfork.

Quote from: Dari-phil44 on July 24, 2021, 03:41:10 AM

During the process also known as the (hard fork), a proposal to increase the average block size in Bitcoin's block chain was rejected by the crypto currency's core development team.

Or the Bitcoin community, miners.

Dari-phil44

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As learned recently. Bitcoin was like a single entity before it was later separated into 2 separate block chains in 2017; the original Bitcoin and the Bitcoin cash. At the said time, the Bitcoin community tried to determine how it can improve it's networks ability to process more transactions at the same time. As at the time, Bitcoin could only process 1 megabyte of transaction at a time, which led to delays in transactions being processed.
During the process also known as the (hard fork), a proposal to increase the average block size in Bitcoin's block chain was rejected by the crypto currency's core development team. They rejected the change, despite the fact that high transaction fees made Bitcoin use as a medium for daily transactions unsustainable. The only one's that benefited from the high transaction fees were miners. At a later date a renegade group of developers and miners moved away and created their own crypto currency with variable block size. The hard fork between Bitcoin and Bitcoin cash was done in part to increase the processing limit from 1 megabyte to 8 megabytes

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