Post
Topic
Board Bitcoin Discussion
Re: What is the difference between bitcoin and bitcoin cash?
by
JuniAiko
on 12/02/2018, 04:54:57 UTC
Bitcoin Cash was created as a solution to the long-awaiting debate in the Bitcoin community in regards to the Bitcoin scalability issue. The Bitcoin Cash proposes incorporates the simple solution. While the block size limit of Bitcoin stands at one megabyte, Bitcoin Cash has pushed the limit to 8 megabytes. This allows for a greater number of transactions processing perBut like Bitcoin, it has its share of problems. The increased block size could have a centralizing effect and reduce the attack resistance of the network. Bitcoin hasn’t been around for long, so we’ll have to wait until it sees more daily transactions to find out if that will actually happen.

Ahh thanks for the answer. Yes the centralizing effect and reduced attack resistance imo isnt an acceptable compromise IMO. Especially with the coming of Quantum Computers!!! But guess we will see which one will succeed, since it is all down to adoption. BTC definately would need to innovate quickly to catch up in terms of transaction speed and especially cost if it is to stay on the iron throne IMO, with the stiffening competitions, especially vs. LTC (also another simple coins that aims to function simply as a currency, w/o all that ICOs and alt features).

BCC seem to have a well coordinated dev team behind it now I believe. I wonder how is it for BTC in this regard? I guess with its popularity, the number of ppl working on BTC improvement should easily be bigger? But I guess for those who have a stake in BTC (holders and miners) to come to a consesus would also be a lot trickier, or so I have read. At least nothing is rushed, hopefully.