What's the difference between Bitcoin and Bitcoin Cash?

To understand the difference between bitcoin and bitcoin cash, it's important to understand what bitcoin cash is and where it comes from. "Bitcoin Cash" is based on the original bitcoin chain, according to the not-so-small description. On July 21, 2017, the mining pool ViaBTC launched a hard fork system when the bitcoin fork scheme BIP91 has been supported by the full network computing power, which directly led to the hard fork of Bitcoin to produce a new token Bitcoin cash (BCH).

Bitcoin Cash modifies the code of Bitcoin, and the most significant differences from bitcoin are as follows:

Bitcoin's block capacity is 1MB, while Bitcoin Cash has removed SegWit, removing the 1M block size limit and supporting a maximum block size of 8M.

2, the difficulty of the algorithm is different * The difficulty of the bitcoin algorithm will increase as the amount of bitcoin mined increases; * Bitcoin Cash adopts dynamic difficulty adjustment mode, the more nodes are added, the higher the difficulty will be, and the lower the difficulty will be.

3. Different priorities * The bitcoin community is most concerned about keeping it decentralized; * The focus of the Bitcoin Cash community is to enable fast and cheap payments on the web.

Technical differences: Bitcoin partially fixes the malleability problem through segWit upgrade, making it possible to develop a reliable two-layer network (lightning, side chain, etc.) on the main chain, so that scalability is good and development turnaround is large, such as a side chain development failure will not bring devastating consequences to the main chain. Bitcoin Cash rejected the SegWit upgrade without coming up with its own rollout fix development plan, leaving it unable to further develop a reliable layer 2 network and stuck to the main chain, where new ideas are thrown at it.

Bitcoin Core, benchmarked gold, a store of value. Although it currently carries the Bitcoin name, it has gradually played down its payment features and should be called Bitcoin Gold or Bitcoin Diamond in the future, according to Core, its Core development team. Bits last forever, and a piece lasts forever. Bitcoin Cash, a peer-to-peer Cash system primarily used for everyday micropayments (spending, cross-border transfers, Quant moving bricks, foundation donations, etc.) because of its speed, low rates, anti-censorship, and even better experience than Litecoin, is de facto Bitcoin. And it has the support and escort of one of the most ambitious development teams in the cryptocurrency world. The above analysis is just an intuitive explanation, and it doesn't matter what the name is, just like Litecoin's L is actually Li Qiwei's Initial, but it has been very popular in the past few years. The beauty of digital currencies lies in the choice of forks, where users vote with their feet to choose the most correct fork. The number of users, short-term will be affected by the currency price, long-term is to follow the use of value. Bitcoin was born of adversity and has had many misfortunes, but it will surely slowly emerge from the night, bringing new freedoms to humanity rather than becoming a tool for the benefit of a few.

Because of decentralization, no one is qualified to say up, so the whole network goes up. Everybody has to get together and figure out how to go up, and then get rid of the old network and go to the new one. In theory, the old network can survive as long as one person refuses to abandon it. Different ways of upgrading and related to the economic interests of different people, so how to talk about it. Then a group of big miners decided they couldn't reach an agreement anyway, so they gave up and created an upgraded version themselves. Bitcoin cash.

As for the future, like Bitcoin, it is a virtual thing, and its value depends entirely on people's approval, which is called consensus. So far, the degree of acceptance is ok. However, it also opened Pandora's box, and various upgraded versions of Bitcoin began to emerge in an endless stream, the so-called forked coins, which are now nearly rotten, and seriously affected the recognition of Bitcoin cash.

The future of Bitcoin Cash remains unclear. Despite its relatively short existence, its value has grown substantially, but Bitcoin Cash faces several challenges and uncertainties. Bitcoin Cash has been hailed by its backers as a "new and improved" system that will replace the original bitcoin.

At the same time, many prominent voices in the cryptocurrency space have suggested that Bitcoin Cash doesn't have the same level of support to boost bitcoin. As Bitcoin implements its own solution to the scaling problem, we may get a clearer picture of how these two competing currencies will evolve into the future. Before buying Bitcoin cash I should...? Consider what?

Cryptocurrencies are notoriously volatile, and there's no way to determine whether Bitcoin Cash will rise or fall in value. Since its initial release, BCH has grown into one of the most valuable cryptocurrencies in the world, but it has also seen significant price swings from one day to the next.

From a trader's perspective, the stability of Bitcoin Cash needs to be examined. Many skeptics believe it can't replace Bitcoin as the leader in this space, so it may not survive in the long run. BCH's backers, on the other hand, argue that it offers an improvement over Bitcoin and will therefore gain value in the long run and eventually surpass its predecessor.