Over the last few years, there were a lot of improvements in terms of the development of Bitcoins. There are different bitcoin trader login that are there for online bitcoin trading. More and more people are getting into bitcoin trading which is why everyone out there is looking for different investment opportunities.
One such lucrative option is Bitcoin cash. In this article, we are going to compare bitcoin with bitcoin cash and compare their similarities and differences.
Bitcoins were introduced in 2009 and were an instant hit in the global market. With their revolutionary blockchain technology, they were accepted globally. Bitcoins offered features like fast transaction speed, user autonomy. Low transaction fees on overseas payment, and high accessibility. All these amazing features made bitcoins really popular in its initial stage.
Since there was no control of the government over the transaction made through bitcoins and its use in illegal activities made a huge impact on its popularity. This is where bitcoin cash was introduced in order to provide stability to the whole system making it easier for these cryptocurrencies to grow over time.
Bitcoin cash was introduced thereafter that offered its users a much faster transaction speed and much lower transaction fees when compared with Bitcoins. Moreover, the bitcoin cash network is capable of handling more transactions simultaneously. However, the main reason why it could not surpass bitcoin was the security issues that this system had.
In order to handle these issues, the bitcoin cash network increases the block size to 8MB in order to further accelerate the verification process in order to maintain the overall network.
Despite all these benefits bitcoins is still at the top of the crypto world with the most number of users as compared with the number of users of other cryptocurrencies.