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What is the difference between Bitcoin (BTC) and Bitcoin Cash (BCH)?

Is Bitcoin Cash different From Bitcoin?

Before answering, we mention an important gesture in this aspect; it is important for every beginner in the field of digital currencies to get to know this area well.

What is the difference between Bitcoin and Bitcoin Cash?

Just as any investor in the crypto world can get huge profits, so can any investor who is exposed to huge losses if not the required level of awareness and knowledge.

The world of digital currencies is full of similar terms and concepts that can confuse the customer if they do not get to know them well so that they can get the most out of it.

Perhaps the most confusing and confusing terms for many cryptocurrency traders are Bitcoin. and bitcoin cash. although they are two different digital currencies, their similarities can lead to confusion.

Knowing the differences between the two currencies is essential to learning about the history of digital currency development and what it has reached to this day.

Similarities and differences between bitcoin and Bitcoin Cash

Both bitcoin and Bitcoin Cash have established themselves as household names in the cryptocurrency market.

Although there are many similarities between them, there are also many fundamental technical differences between them.

Bitcoin (BTC)

Satoshi Nakamoto created the currency Bitcoin in 2009, bitcoin was introduced BTC as a peer-to-peer digital currency that does not depend on central banks.

Bitcoin is still the first and most famous and reliable digital currency and is even widely recognized as the long investment currency or "digital gold" as its value qualifies it to be the gold standard in the world of cryptocurrencies.

  • Bitcoin has exceptional trading potential due to its enormous liquidity.

The problem, however, is that bitcoin transactions are initially processed and then verified, and then recorded IN All, which takes a long time to complete transactions.

While the famous company can process 1,700 transactions per second and even assert its ability to execute 24,000 transactions per second, Bitcoin processes only 7 transactions per second.

  • Bitcoin data is stored only as a series of data blocks, each block on the Bitcoin network is 1 MB in size.

And the huge demand on the network has led to the accumulation of unconfirmed transactions waiting to be included in the blocks, which works to make the network slower.

The slow execution of transactions due to the slowness of the network and the backlog of pending transactions also led to higher transaction fees, which in many cases exceeded the amount that many users could afford.

  • In light of the existence of many problems and gaps in the network of Bitcoin

And with the increasing frequency of criticism of its performance appeared the need for a split in the Bitcoin currency and the emergence of a new currency split that addresses the most prominent flaws in the bitcoin system.

And here was the first split of the first digital currency bitcoin, which resulted in the currency of bitcoin cash.

Bitcoin Cash (BCH)

Bitcoin Cash is an independent and standalone digital currency launched in August 2017 and is considered a branch of bitcoin

And although it resembles bitcoin in some ways, Bitcoin cash operates on its Own regulated by the rules and regulations of Bitcoin Cash.

Bitcoin Cash was launched to further the primary goal of creating bitcoin as a peer-to-peer electronic payment system.

As well as to avoid some of the problems facing bitcoin in achieving this end.

How Bitcoin differs from Bitcoin Cash

  1. Currency value: One of the most notable differences between bitcoin and Bitcoin Cash is the difference in value between the two currencies, the price of bitcoin is much higher than the price of Bitcoin Cash.
  2. Transaction cost and speed: Unlike bitcoin BTC, Bitcoin Cash BCH is characterized by faster transaction completion and lower cost.
  3. Block size: The maximum Bitcoin block is one megabyte while the Bitcoin Cash block is 3 32 MB, making it more scalable and giving it the ability to execute more transactions of up to 200 transactions per second.
  4. Algorithm: Compared to Bitcoin, Bitcoin cash adopts a different hashing algorithm, this algorithm rejects the possibility of a reboot between the Bitcoin and Bitcoin Cash blocks and is prepared for any possible future Bitcoin Cash split ensuring that in the event of any future split both chains will be able to coexist peacefully without any hindrance.
  5. Smart contract support: While bitcoin does not support smart contracts, bitcoin cash developers can adopt a smart contract language like Cash Script to enable more complex functionality compared to the underlying transactions that can be achieved through bitcoin.
  6. Code version: For issuing tokens via Bitcoin's Blockchain, you must not use the Omni as a platform to create digital assets allocated to the circulation, as in the case of Bitcoin Cash is done adoption of the protocol (SLP) is simple which enables developers to issue tokens via bitcoin cash in a manner similar to the way in which the issuance of tokens on the Ethereum Blockchain, supports protocol SLP non-exchangeable tokens (NFTs) which can be distinguished from each other.
  7. ‘Replace-by-Fee’ feature: Bitcoin (BTC) allows the replacement fee feature to cancel or double transactions in processing, while this feature is not found in bitcoin cash as the Bitcoin Cash (BCH) protocol does not allow this to make the digital currency more secure, and the Bitcoin Cash (BCH) protocol allows instant transactions in small amounts, enhancing the ability to process a large number of transactions of small value in a limited period of time.

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