Topic: Bitcoin vs Bitcoin Cash - page 4. (Read 809 times)

Since its inception, there have been questions surrounding Bitcoin’s ability to scale effectively. Bitcoin is a cryptocurrency that exists within a network of computers, within the blockchain. This is revolutionary ledger-recording technology. It makes ledgers far more difficult to manipulate for a couple of reasons: The reality of what has transpired is verified by majority rule, not by an individual actor. And this network is decentralized; it exists on computers all over the world. The problem with this technology is that it’s slow. Like, really slow, especially in comparison to banks that deal with credit card transactions. Visa procees 150 million transactions per day, averaging out to roughly 1,700 transactions per second. And their capability far surpasses that, at 24,000 transactions per second. How many transactions can the Bitcoin network process per second? Seven. Transactions take about 10 minutes to process. And as the network of Bitcoin users grows, waiting times will get longer, because there are more transactions to process without a change in the underlying technology that processes them. The latest debates around Bitcoin’s technology have been concerned with this central problem of scaling and increasing the speed of the transaction verification process. There are two major solutions to this problem, either to make the amount of data that need to be verified in each block smaller, making transactions faster and cheaper or to make the blocks of data bigger, so that more information can be processed at one time.  



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For all we know the bitcoin cash comes out from bitcoin because of Fork’ or ‘Forking’ generally means a kind of software upgrade/update which is done in such a way that it can be backward-compatible or cannot be backward-compatible.(We will talk about compatibility further in this article). In short, ‘Fork’ is just a fancy name for a software or a protocol update, and then there is diamond etc etc. why this is happening because every coins or altcoins ofcourse wants to beat bitcoin but that is not happening for now. bitcoin has established itself for a long time and there are theories that bitcoin can be like an antique in the future

I do accept with most of the things you said here and i really do not think that core team is immortal nor does any other team, any project dev can call it a day any time or anything might happen to them but that does not mean that the project will stall, it will go on and someone will come up and fix the issues, it is the case with majority of the projects.

I agree to you mate bitcoin are establish currency than bitcoin cash, and bitcoin are recognized by many's country as legal currency than bitcoin cash i use bitcoin to convert into fiat money in the authorized money changer and banks. very convenience to use all the time even if i use directly paying my utility bills such as electricity consumption.

Exactly. Bitcoin Cash has less usage than Bitcoin in the real world. Even if it has managed to successfully upgrade its block size to 32mb, not even a single block has been mined to date which has reached such capacity. This also applies to its launch in August 2017, where blocks didn't even reach the 8mb limit. As such, the space available for large transaction capacity is wide open for users to enjoy, but at the cost of centralization as the bigger the blocks, the less nodes would be able to maintain their storage costs.

On the other hand, I believe that Bitcoin is the way to go with SegWit and Lightning Network since it safely scales the blockchain without harming the decentralization of the cryptocurrency's main chain. In addition, sidechains will extend the functionality or use cases for the Bitcoin blockchain, and allowing Bitcoin to perform as an All-in-one cryptocurrency for everything blockchain in the mainstream world.

Despite everything, it would be interesting to see how the future of both Bitcoin and Bitcoin Cash would turn out to be. They have their unique features and distinct visions to make cryptocurrency scalable and accessible to anyone in the world. If decentralization remains as the value proposition of these cryptos, then there should be nothing to worry about. Just sharing my thoughts

Of course, Bitcoin is more scalable and efficient. Bitcoin is already working on its improvements and has developed a lot. Bitcoin cash, on the other hand, is itself forked from Bitcoin. That’s why, I don’t like Bitcoincash.

it seems like bitcoin will be very expensive and bitcoin can also be very rare because bitcoin has a very high demand and has a very high delivery technology that makes people who use bitcoin for transactions very safe and convenient. bitcoin cash can never beat bitcoin.

I would like to said stop compare bitcoin with auther cryptocurrensies...biycoin will always be the best and the king
Thanks

The answer is always bitcoin will lead the crypto market based on its profitability and usefulness. Bitcoin gives to trade globally also we can do whatever we wants also we can invest money here and get lots of profit where as others coin or system doesn’t have this facility so invest money in btc it will help you in future.

I don't like the attitude on how bitcoin cash is promoting and besides why they can't accept that it's an altcoin?

If you are a bitcoin casher then you are okay on how bitcoin.com fooling the new investors that makes them believe bitcoin cash is bitcoin.

its just like comparing 2 siblins of yours,bitcoin and bitcoin cash is in a different way,they will make all new brand new news of their own in their platform and price.Bitcoin cash is just a fork from bitcoins so you cant expect that much about it yeah it will have good price but it cant overcome bitcoin

follow.. like a sheep
nah

much better to have a open network of multiple node implementations of all different languages and all offering features on the same network which if they dont get consensus alone quickly they accept that not everyone likes it and then they all discuss in the community a compromise where they all can agree on a bit of this and a bit of that and a bit of the other.. then all produce software for all their implementations that the majority can agree on..

none of this follow one team centralised bullcrap you have decided to defend
you seem to stuck in the mindset of, if you dont like teamA go walk sheepishly over to team B

since you are a post 2013 bitcoin user where the only thing you have experienced is civil war.
many of use remmber the times before 2013 when there were more then one node type and there was no battle..
when decentralisatin and consensus was truly used

but anyway.
"to follow" now thats the comedy punchline that made me laugh today..
one day you will see the big picture

iam still goging with the Bitcoin Core i convertet all my BCH back to BTC .
was a nice money making think not more in my way




regards

Bitcoin and bitcoin cash are similar but bitcoin cash is in the starting stage but both have a huge future so the investors need to patience and calm for long term if you do that it will be profitable.

Bitcoin has the largest network, and its practical value is growing simply because it has the most users. For example, it is much easier to find accessories for a popular phone than for an unpopular one. The ecosystem of bitcoin makes it possible to buy and store it much more efficiently than transactions with some altcoin or a token resulting from the ICO.

I do not think you might really have asked this question. Bitcoin Cash is a coin that will never replace Bitcoin. Now even the greatest supporters are not standing behind.

There are so many people who get confuse bitcoin with bitcoin cash. But, they are two seperate coins with different features and advancements. However,Bitcoin cash is quite new to market and it'll take much more time to be bitcon's competition.

Bitcoin has never achieved "hundreds of thousands transaction per second" - the best tx rate was 15 at the end of 2017
https://blockchain.info/charts/transactions-per-second?timespan=all

I'm no technical expert. But even in the early years of Bitcoin I believe that Hal Finney said that scaling will have to happen via several layers.
The biggest problem for solely on-chain scaling is the bandwidth. Furthermore the larger the blocks get the harder it will be to run a full node. We would lose decentralisation if we would try to scale on-chain only. And this would offer a huge attack vector to shutdown Bitcoin.
Second and third layer solutions imo are the only way not to mess up with Bitcoin as a decentralized censorship resistant protocol, platform and future currency.

Among on the given coins bitcoin is still my answer. Bitcoin cash is not that on top until these days and this was also a hype coin. I don't trust with other coins except bitcoin this will lead as cryptocurrency in the future.

There is no comparison between these two. I strongly recommend members here to stay away from bitcoin cash especially for long term investments as there is huge manipulation there.