Go to trade various crypto on ‘Bybit‘
Go to trade various crypto on ‘Binance‘
Go to trade various crypto on ‘Gemini’
Go to trade various crypto on ‘Bitfinex’
Go to trade various crypto on ‘Poloniex’
Go to trade various crypto on ‘Bitmex’
The steps to sign up and verify for Bybit
The steps to sign up and verify for Binance
Bitcoin Cash (BCH) and Bitcoin (BTC) are two separate cryptocurrencies that emerged from a common history but have notable differences. Here are some key similarities and differences between BCH and BTC:
- Common History: Bitcoin Cash is a result of a hard fork from the Bitcoin blockchain. It shares the same transaction history up until the point of the fork in August 2017.
- Block Size: One of the primary differences between BCH and BTC is the block size. Bitcoin has a block size limit of 1MB, while Bitcoin Cash increased the block size limit to 8MB initially and later to 32MB. This larger block size allows Bitcoin Cash to process more transactions per block, potentially leading to faster confirmations and lower transaction fees.
- Transaction Speed and Scalability: Due to its larger block size, Bitcoin Cash theoretically has the potential for faster transaction confirmations compared to Bitcoin. The increased transaction capacity may address the scalability concerns faced by Bitcoin during periods of high demand.
- SegWit and Lightning Network: Bitcoin implemented Segregated Witness (SegWit), a protocol upgrade that improves scalability and enables the Lightning Network, a layer-two scaling solution. Bitcoin Cash did not adopt SegWit but has pursued alternative on-chain scaling approaches.
- Community and Adoption: Bitcoin has a larger and more established community, as well as broader acceptance and recognition as a store of value and digital currency. Bitcoin Cash has a smaller community but still maintains its own active ecosystem of developers, supporters, and merchants.
- Market Capitalization and Price: Bitcoin has a significantly higher market capitalization and price compared to Bitcoin Cash. Bitcoin has generally been more widely adopted and recognized by mainstream institutions and investors.
It’s worth noting that the choice between BCH and BTC depends on individual preferences and specific use cases. Bitcoin is often considered as a long-term store of value and a digital gold, while Bitcoin Cash aims to provide a digital cash system with faster transactions and lower fees. Ultimately, it’s essential to conduct thorough research and consider one’s goals and requirements before choosing between BCH and BTC.