The post To Address Limitations Of The Original Bitcoin Network appeared on BitcoinEthereumNews.com. Bitcoin Cash (BCH) is a cryptocurrency that was created in August 2017 as a result of a hard fork from the original Bitcoin (BTC) blockchain. Bitcoin Cash is a separate cryptocurrency from Bitcoin (BTC) that works with its own blockchain. While it shares similarities with Bitcoin, including its decentralized nature and limited supply, the differences in block size and development philosophy make them distinct entities. It was created when a group of developers and miners initiated the fork to address some of the perceived limitations of the original Bitcoin network. What makes BCH different One of the main differences between Bitcoin Cash and Bitcoin is the block size. Bitcoin’s block size is limited to 1 MB, which can lead to slower transaction processing times during times of high demand. In contrast, Bitcoin Cash’s block size was initially increased to 8 MB (later to 32 MB) to accommodate more transactions and increase the throughput of the network. The larger block size allows Bitcoin Cash to process more transactions per block, resulting in faster transaction confirmation times and, in many cases, lower transaction fees compared to BTC. Bitcoin Cash aims to solve the scalability problem that Bitcoin has with the increasing number of users and transactions. Similar to Bitcoin, Bitcoin Cash has a decentralized development community that is continuously working on protocol upgrades and improvements. Community acceptance and widespread adoption Bitcoin Cash has gained a dedicated community of users and advocates who are committed to its adoption as a peer-to-peer electronic cash system. Bitcoin Cash is accepted by various merchants and businesses and can be traded on numerous cryptocurrency exchanges. Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is… The post To Address Limitations Of The Original Bitcoin Network appeared on BitcoinEthereumNews.com. Bitcoin Cash (BCH) is a cryptocurrency that was created in August 2017 as a result of a hard fork from the original Bitcoin (BTC) blockchain. Bitcoin Cash is a separate cryptocurrency from Bitcoin (BTC) that works with its own blockchain. While it shares similarities with Bitcoin, including its decentralized nature and limited supply, the differences in block size and development philosophy make them distinct entities. It was created when a group of developers and miners initiated the fork to address some of the perceived limitations of the original Bitcoin network. What makes BCH different One of the main differences between Bitcoin Cash and Bitcoin is the block size. Bitcoin’s block size is limited to 1 MB, which can lead to slower transaction processing times during times of high demand. In contrast, Bitcoin Cash’s block size was initially increased to 8 MB (later to 32 MB) to accommodate more transactions and increase the throughput of the network. The larger block size allows Bitcoin Cash to process more transactions per block, resulting in faster transaction confirmation times and, in many cases, lower transaction fees compared to BTC. Bitcoin Cash aims to solve the scalability problem that Bitcoin has with the increasing number of users and transactions. Similar to Bitcoin, Bitcoin Cash has a decentralized development community that is continuously working on protocol upgrades and improvements. Community acceptance and widespread adoption Bitcoin Cash has gained a dedicated community of users and advocates who are committed to its adoption as a peer-to-peer electronic cash system. Bitcoin Cash is accepted by various merchants and businesses and can be traded on numerous cryptocurrency exchanges. Disclaimer. This article is for informational purposes only and should not be viewed as an endorsement by Coinidol.com. The data provided is…