BTC and BCH transactions | Bitcointalksearch.org

bob123

legendary

Activity: 1624

Merit: 2481

Quote from: hopeAo on December 29, 2017, 06:40:49 AM

.. BCC protocol allows for more transactions per second which translates to faster payments and lower fees ..

Thats not completely true.
BCH has extremely low fees at the moment because noone is using it. BCH blocks are about 100 kB big currently..
In the early times of BTC you could send transactions with zero fee, which still got confirmed. Until blocks are full, no statement can be done.

'Faster payments' is a relative term. Block generation time is the same (~10 mins; BTC and BCH).
Payments are not faster in any of those two chains (considering same initial situation).

Segwit already increased the blocksize to 2MB (and up to 4MB) in a soft fork.
This also allows for more TX/s and lower fees.. But if people aren't using segwit, its their own fault.

hopeAo

jr. member

Activity: 42

Merit: 2

Quote from: alikim on December 26, 2017, 12:51:17 AM

Trying to catch up with the news, so please bear with me.

Do I understand it correctly that BTC and BCH use the same address space and the same principles of building a blockchain out of transactions but they differ in how transactions are signed now, making them mutually invalid?

In the light of the above, if I decide to spend my pre-fork BTC txout into BCH, I just need to issue a BCH-signed transaction for that txout, right?

After I do that, will this txout be still unspent from BTC network point of view (since my BCH transaction is invalid in BTC and won't go into BTC blockchain)?

As far as the users of Bitcoin/Bitcoin Cash are concerned there is very little noticeable difference on the frontend when using either currency. The main difference between these coins is the fact that, given equal hashrate, BCC protocol allows for more transactions per second which translates to faster payments and lower fees.
Bitcoin is being forked into two different currencies, each sharing a common transaction history from before the fork. Bitcoin Cash is the chain supported by the miners who wanted larger blocks, and the regular Bitcoin chain is the one supported by the core developers. On the day of the fork, every BTC address suddenly had a twin existing on the BCH network. If, at the time of the fork, an address had 0.45 Bitcoin, then its twin on the BCH network had 0.45 Bitcoin Cash after the fork.

alikim

member

Activity: 80

Merit: 11

Thank you!

Xynerise

sr. member

Activity: 322

Merit: 363

39twH4PSYgDSzU7sLnRoDfthR6gWYrrPoD

Yes.
You are correct.
Spending on one chain will not affect your holdings on the other chain.
And it can't be replayed on the other chain because of replay protection.

alikim

member

Activity: 80

Merit: 11

Trying to catch up with the news, so please bear with me.

Do I understand it correctly that BTC and BCH use the same address space and the same principles of building a blockchain out of transactions but they differ in how transactions are signed now, making them mutually invalid?

In the light of the above, if I decide to spend my pre-fork BTC txout into BCH, I just need to issue a BCH-signed transaction for that txout, right?

After I do that, will this txout be still unspent from BTC network point of view (since my BCH transaction is invalid in BTC and won't go into BTC blockchain)?

Topic: BTC and BCH transactions (Read 228 times)