#BitCoin Cash
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timmurleyart · 1 year ago
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UFO crypto. 🛸 💵💲💰
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coinw · 4 months ago
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Bitcoin vs. Bitcoin Cash: Key Differences Explained
Bitcoin and Bitcoin Cash are two cryptocurrencies that originated from the same blockchain but have since evolved in different directions. Bitcoin (BTC), created in 2009 by the pseudonymous Satoshi Nakamoto, is the first and most widely recognized cryptocurrency, often referred to as "digital gold." However, as Bitcoin’s popularity grew, its transaction speed slowed, and fees increased due to its limited block size.
In 2017, a group of developers and miners proposed changes to Bitcoin to improve scalability. When the Bitcoin community could not reach an agreement, a hard fork occurred, resulting in the creation of Bitcoin Cash (BCH). This new cryptocurrency aimed to provide faster transactions with lower fees, making it more practical for everyday use.
Understanding the differences between Bitcoin and Bitcoin Cash is crucial for investors, developers, and everyday users. This article will explore their key distinctions, including block size, transaction speed, security, adoption, and investment potential.
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The Origin of Bitcoin Cash
Bitcoin’s Scalability Issue
Bitcoin was designed with a block size limit of 1 megabyte (MB), meaning that each block could process only a limited number of transactions at a time. As Bitcoin’s adoption grew, so did transaction volumes, causing network congestion. This led to slow processing times and higher transaction fees, making Bitcoin less practical for everyday payments.
Developers proposed various solutions, such as Segregated Witness (SegWit) and the Lightning Network, to improve transaction efficiency without increasing block size. However, not everyone agreed with this approach. Some believed that simply increasing Bitcoin’s block size would be a more effective solution.
The Hard Fork: Creation of Bitcoin Cash
In August 2017, disagreements over Bitcoin’s future led to a hard fork, splitting the blockchain into two separate entities: Bitcoin (BTC) and Bitcoin Cash (BCH). Bitcoin Cash increased the block size to 8 MB at launch, later expanding it to 32 MB. This allowed for more transactions per block, reducing congestion and lowering transaction fees.
Since the split, Bitcoin has remained the dominant cryptocurrency in terms of market capitalization and adoption. Meanwhile, Bitcoin Cash has positioned itself as a faster, cheaper alternative for digital payments.
Core Differences Between Bitcoin and Bitcoin Cash
Block Size and Scalability
One of the most significant differences between Bitcoin and Bitcoin Cash is block size.
Bitcoin (BTC): Maintains a block size limit of 1 MB, which limits the number of transactions per block.
Bitcoin Cash (BCH): Started with an 8 MB block size and later increased it to 32 MB, allowing more transactions per block and reducing network congestion.
The larger block size in Bitcoin Cash enables faster processing and lower fees, making it more suitable for day-to-day transactions. However, Bitcoin’s smaller block size is considered a security advantage, as it keeps the network more decentralized.
Transaction Speed and Fees
Bitcoin’s smaller block size means that transactions can experience delays, especially during periods of high network activity. This congestion leads to higher transaction fees, as users must compete to have their transactions processed faster.
Bitcoin (BTC): Processes about 7 transactions per second (TPS) on average, with fees ranging from $1 to $20 depending on network demand.
Bitcoin Cash (BCH): Can handle 100+ TPS, and fees typically remain below $0.01, making it a more cost-effective option for frequent transactions.
For users who want to convert Bitcoin Cash to stablecoins, platforms like BCH to USDT offer convenient trading options with lower transaction fees.
Security and Decentralization
Bitcoin is widely regarded as the most secure cryptocurrency due to its extensive mining network. The larger the number of miners securing a blockchain, the harder it is for any single entity to launch a 51% attack (where one group controls the majority of mining power and can manipulate transactions).
Bitcoin (BTC): Has the largest mining network, making it extremely secure against attacks.
Bitcoin Cash (BCH): Has fewer miners, which makes it slightly more vulnerable to security risks, but it still maintains strong cryptographic protections.
Although Bitcoin Cash has improved transaction efficiency, some critics argue that its larger block size makes it harder for smaller nodes to participate, potentially leading to centralization over time.
Adoption and Market Position
Bitcoin remains the most widely recognized cryptocurrency, with a market capitalization exceeding $1 trillion. It is widely accepted as a store of value, often compared to gold. Major companies and institutional investors hold Bitcoin as part of their portfolios.
Bitcoin Cash, while significantly smaller in market capitalization (around $4 billion), has gained traction among businesses that prioritize low-cost transactions. Some merchants and payment processors accept BCH as a payment method due to its fast and cheap transactions. However, its adoption still lags far behind Bitcoin’s.
Use Cases: Digital Gold vs. Digital Cash
Bitcoin: Store of Value
Bitcoin’s primary use case has evolved into a store of value rather than a day-to-day currency. Many investors hold Bitcoin as a hedge against inflation, similar to gold. Bitcoin’s scarcity—only 21 million BTC will ever exist—adds to its appeal as an investment.
Bitcoin Cash: Medium of Exchange
Bitcoin Cash was designed to function as digital cash, meaning it prioritizes transaction speed and affordability. This makes it more suitable for daily purchases, micropayments, and remittances.
For example, a small business owner who accepts cryptocurrency payments may prefer BCH because it enables instant transactions with minimal fees, making it more practical for everyday commerce.
Investment Perspective
Bitcoin as an Investment
Pros: High security, institutional adoption, proven long-term growth.
Cons: High transaction fees, slower processing, scalability concerns.
Bitcoin’s reputation as a store of value continues to attract institutional investors. Many consider it a long-term investment with strong growth potential.
Bitcoin Cash as an Investment
Pros: Faster transactions, low fees, strong focus on usability.
Cons: Lower adoption, higher centralization risks, less market trust than Bitcoin.
Bitcoin Cash may be a good investment for those who believe in the future of crypto as a medium of exchange rather than a store of value. However, it faces stiff competition from other scalable cryptocurrencies.
Conclusion
Bitcoin and Bitcoin Cash have taken different paths since their split in 2017. Bitcoin remains the dominant cryptocurrency, widely adopted as a store of value and a hedge against inflation. On the other hand, Bitcoin Cash offers a faster, lower-cost alternative for everyday transactions.
Both cryptocurrencies have their advantages and trade-offs, and the right choice depends on your needs. If you’re looking for a secure, long-term investment, Bitcoin is the better option. If you want a cryptocurrency for fast and affordable transactions, Bitcoin Cash might be the better fit.
As the cryptocurrency industry continues to evolve, both BTC and BCH will play crucial roles in shaping the future of digital finance.
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liberlandtv · 5 months ago
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SIGN THE OPEN LETTER TO FREE ROGER ➡️ https://www.freerogernow.org/
#freeroger
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tienkythuatso-blog · 11 months ago
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36crypto · 1 year ago
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Mt. Gox Transfers $24 Bitcoin to Activate Wallet Ahead of Customer Repayments
Defunct crypto exchange, Mt.Gox, has reportedly activated one of the wallet addresses to be used for customer repayments by sending a mere $24 worth of Bitcoin to it. This update has raised the hopes of eligible customers who are patiently awaiting the payment date. As the failed exchange prepares for the big day, test transfers and measures are being taken to ensure a smooth and successful…
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ilkbitcoin · 1 year ago
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Halving öncesi Bitcoin Cash’te (BCH) dikkat çeken veri
Halving’ine sayılı günler kalmasıyla beraber Bitcoin Cash‘teki (BCH) artan açık pozisyonlar dikkatlerden kaçmadı. Bitcoin Cash (BCH), ikinci halving etkinliğinin coşkusuyla birlikte son 24 saatte yüzde 9,06 artış göstererek 575 dolar bandına dayandı. NiceHash verilerine göre yatırımcılar, 4 Nisan’da yapılması planlanan BCH halving’i beklentisiyle pozisyonlarını büyük ölçüde güvence altına alıyor…
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cryptosnewss · 1 year ago
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Bitcoin Cash (BCH) Primed for Breakout: Expert Analysis and Price Forecast
Key Points: BCH showing resilience with a 57% increase in the past month. Analysts highlight BCH’s position below Macro Downtrend line. Changelly predicts a slight decrease in BCH price by March 15, 2024. Bitcoin Cash (BCH) is currently positioning itself for a potential breakout amidst a period of consolidation, with analysts closely monitoring its trajectory. Despite a recent uptick in its…
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dencyemily · 1 year ago
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ETC and BCH Demonstrate Strength in the Face of Cryptocurrency Market Fluctuations
ETC’s surge above $30 signifies investor confidence, marking sustained growth within an upward trend channel. Amid Bitcoin’s downturn, BCH demonstrates resilience, charting a robust bullish path within an expanding channel. Identifying key Fibonacci pullback or support levels provides clear benchmarks for potential gains in Bitcoin Cash. In the ever-changing cryptocurrency market, Ethereum Classic (ETC) and Bitcoin Cash (BCH) have stood out as notable performers, each navigating market fluctuations with distinctive strengths. ETC's recent breakthrough above the $30 resistance level has fueled optimism, solidifying its position in a persistent upward trend channel. Meanwhile, BCH has showcased remarkable resilience, carving a strong bullish trajectory within an expanding channel despite Bitcoin's bearish undertones.
Ethereum Classic (ETC) has demonstrated sturdy growth, maintaining a steady climb within an ascending trend channel, signaling heightened investor confidence. The cryptocurrency recorded a 4.65% increase in the last 24 hours, closing at $29.54, with a market cap of $4,283,895,306, securing its rank at #21 in the market.
Technical analysis points to a positive signal from a rectangle formation, with a decisive break above the $30 resistance level. This breakout not only instilled confidence among investors but also suggested a continued upward path. ETC's resilience in the face of market volatility is highlighted by its 53.81% volume-to-market cap ratio, reflecting a healthy trading environment.
Turning our focus to Bitcoin Cash (BCH), the cryptocurrency witnessed an impressive 15.25% surge in the past 24 hours, closing at $292.25. This surge propelled BCH to the 18th position in market rankings, boasting a market cap of $5,731,492,869. BCH’s trading volume experienced a substantial increase, reaching $837,906,681, resulting in a volume-to-market cap ratio of 130.27%.
Technical indicators for Bitcoin Cash indicate a robust bullish momentum characterized by an upward expansion of channels. Notably, while Bitcoin (BTC) faced bearish trends, BCH exhibited resilience and emerged as a symbol of bullish sentiment. Investors were advised to approach cautiously, considering the late entry point into the bullish trend.
Waiting for a minor pullback at Fibonacci points or identifying support levels is a prudent strategy to manage risks. The target for BCH remained at the channel’s upper resistance or the previous high, providing investors with clear benchmarks for potential gains.
In summary, both Ethereum Classic and Bitcoin Cash delivered commendable performances, navigating the volatile crypto market with distinct strengths. Ethereum Classic's positive signal from breaking above $30 and its sustained upward trend channel indicated positive sentiment among investors. On the other hand, Bitcoin Cash's robust bullish momentum within an expanding channel underscored its resilience amid broader market challenges. As the cryptocurrency landscape evolves, these developments offer valuable insights for investors seeking strategic opportunities in the digital asset space.
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moneylinksme · 2 years ago
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Faucet Pay is the worlds most popular micro wallet, it allows you to collect micro payments from thousands of different bitcoin wallets.
Instantly swap between coins, accept crypto payments on your websites or make payments, or claim free coins from the different bitcoin faucets.
Join - https://moneylinks.me/faucetpay
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kripto-parahaber · 2 years ago
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Ekim 2023 için en büyük kripto para tahminleri...
Ekim ayının en büyük kripto para tahminleri Bitcoin Cash (BCH), Ethereum (ETH) ve EOS ile ilgili. Ekim ayı, kripto para birimleri için şu ana kadar inişli çıkışlı bir seyir izledi. Ekim 1’deki önemli bir artışı ertesi gün keskin bir düşüş izledi. Bunu göz önünde bulundurarak Ekim ayı için kripto para tahminlerine bakıyoruz. Bitcoin Cash yeni bir yılın en yüksek seviyesine ulaşacak! BCH fiyatı 30…
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kriptobilim · 2 years ago
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arkacoin · 2 years ago
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بیتکوین کش
آرکاکوین
بیت کوین کش چه تفاوتی با بیت کوین دارد؟ بیت‌کوین کش پیشنهاد داد تا با افزایش اندازه بلوک‌ها به بین ۸ مگابایت تا ۳۲ مگابایت، وضعیت را حل ��ند و امکان پردازش تراکنش‌های مور در هر بلوک را فراهم کند. میانگین تعداد تراکنش های هر بلوک روی بیت کوین در زمان پیشنهاد بیت کوین کش بین 1000 تا 1500 بود. آرکاکوین
بیت کوین کش از جنبه دیگری نیز با بیت کوین متفاوت است، زیرا از شاهد جدا (SegWit) استفاده نمی کند، راه حل دیگری که برای تطبیق تراکنش های بیشتر در هر بلوک پیشنهاد شده است. SegWit فقط اطلاعات یا ابرداده های مربوط به تراکنش را در یک بلوک حفظ می کند. به طور معمول، تمام جزئیات مربوط به یک تراکنش در یک بلوک ذخیره می شود.
بیت کوین کش همچنین در طول تاریخ خود اندازه بلاک های بلاک چین را افزایش داده است - در سال 2018، اندازه بلوک آن 8 مگابایت بود. در ژوئن 2022، اندازه بلوک دوباره به 32 مگابایت افزایش یافت.
آیا بیت کوین کش هنوز در دسترس است؟ بله، بیت کوین برای معامله در دسترس است. بیت کوین کش کمی بیش از 19.4 میلیون سکه در گردش داشت و در اواخر ماه مه 2023 با 2.2 میلیارد دلار در رتبه 28 در ارزش بازار ارزهای دیجیتال قرار داشت. در آن زمان حدود 114.52 دلار معامله می شد، در حالی که بیت کوین SV با ارزش بازار کمی بالاتر در رتبه 65 قرار دارد. 655 میلیون دلار و 33.99 دلار معامله شد. تعداد مشابهی سکه در گردش دارد.
آیا بیت کوین کش موفق بوده است؟ بیت کوین کش در نهایت برای افزایش آگاهی ایجاد شد که BCH باید بدون مجوز و مقرون به صرفه باقی بماند تا بتوان از آن به عنوان "بهترین پول در جهان" استفاده کرد. در کوتاه مدت، بر ارائه یک شبکه سریع، قابل اعتماد و کم هزینه، و همچنین "ایجاد یک گره استخراج حرفه ای که به بازخوردها گوش می دهد و بهبودهای قابل اندازه گیری را ارائه می دهد" متمرکز شده است.
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political-us · 3 months ago
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Feb 14 (Reuters) - The rise of "pig butchering" scams and the increasing use of generative artificial intelligence likely lifted revenues from crypto scams to a record high in 2024, according to blockchain analytics firm Chainalysis.
Revenue from pig butchering scams, where perpetrators cultivate relationships with individuals and convince them to participate in fraudulent schemes, increased nearly 40% in 2024 from the previous year, the firm estimated in a report published on Thursday.
Revenue in 2024 from crypto scams was at least $9.9 billion, although the figure could rise to a record high of $12.4 billion once more data becomes available, it said.
"Crypto fraud and scams have continued to increase in sophistication," Chainalysis researchers said.
The company pointed to marketplaces that support pig butchering operations and the use of GenAI as factors making it easier and cheaper for scammers to expand operations.
https://www.reuters.com/technology/crypto-scams-likely-set-new-record-2024-helped-by-ai-chainalysis-says-2025-02-14/
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clarawilliaminvest · 3 months ago
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I and my intelligent groups
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glenda520 · 4 months ago
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At first I didn't believe it either, then I saw that I have $ 1000 in my account. You can try. Click here $1000 Instant earn
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goolreview9 · 4 months ago
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