What is the difference between Bitcoin and Bitcoin Cash?
The main difference between Bitcoin and Bitcoin Cash is the block size.
Bitcoin has a block size limit of 1MB, whereas Bitcoin Cash has a block size limit of 8MB. This means that more transactions can be processed on the Bitcoin Cash network in a shorter amount of time. Another difference between the two is the difficulty adjustment algorithm.
Bitcoin uses an algorithm called “emergency difficulty adjustment” (EDA) which adjusts the difficulty of mining based on how many miners are active on the network. This can lead to large swings in mining difficulty, making it difficult for miners to plan ahead and predict their profits. On the other hand, Bitcoin Cash uses a different algorithm called “Difficulty Adjustment Algorithm” (DAA) which adjusts the difficulty of mining based on how much hash power is available on the network.
This makes it easier for miners to plan ahead and predict their profits more accurately. Finally, there are differences in transaction fees between the two networks. On average, transaction fees are lower on Bitcoin Cash than they are on Bitcoin due to its larger block size limit.
This makes it more attractive for users who want to send smaller amounts of money quickly and cheaply.
