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two entirely separate currencies. Did this answer your question? Lets explore some of these below. Bitcoin is as different from Bitcoin Cash as Litecoin is from Dogecoin. On the day of the fork, every BTC address suddenly had a twin existing on the BCH network. The easiest way to solve the issue was to clone the wallets.
Not really, once the amount has increases, it automatically decreases the overall value of the currency, so nobody has actually become richer from the fork itself. Which Is The Better Investment? The word cash in it is not accidental - the creators are intending that the future of the currency is to become a new form of cash. Currently, the block limit for Bitcoin Cash is 8MB, and this limit can be increased further.
Bitcoin cash was started by bitcoin miners and developers equally concerned with the future of the cryptocurrency and its ability to scale effectively. A not so long time ago, in a galaxy not so far away, some smart people invented Bitcoin. In the beginning, there were only a few enthusiasts excited about the new currency, but very soon people. What is the difference between 'Bitcoin' and 'Bitcoin Cash'?
So, why cant the volume of transactions just be increased? Adam Back Michael Graham says the original bitcoin may simply have too much forex software by karl of a lead to be overtaken. Though it is a great technology, the main problem with Bitcoin is that the transaction speed of Bitcoin is very slow at around seven transactions per second. While some have gone so far as to proclaim that Bitcoin Cash will ultimately overtake Bitcoin as 'the bitcoin the overall consensus appears to be that BTC is unlikely to give up its spot as the #1 cryptoasset anytime soon. Heres a look at the difference between bitcoin and Bitcoin Cash and one experts opinion on where each cryptocurrency is headed. So, what factors caused this spike? Another feature that original Bitcoin doesnt have is the EDA algorithm - which makes the network more stable during high price periods. Bitcoin Cash is aware of its weaknesses and added protection adjustments to close these gaps and make the new currency safer for all to use. And, what is bitcoin Cash? The situation is very fluid, and market valuations are both constantly calibrating and volatile.
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