[Bitcoin Cash and Bitcoin] What is the difference between Bitcoin Cash and Bitcoin? Is it worth holding?
Both Bitcoin Cash and Bitcoin are completely decentralized. The central bank does not issue and does not require a third party to operate. Instead, it is electronic cash transmitted via the Internet.
Bitcoin Cash is a fork of Bitcoin. Before the fork, the data stored in the blockchain and the software it was running were compatible with all Bitcoin nodes. After the fork, it began to execute new codes, package large blocks, and form a new chain. .
The algorithm difficulty of the two is different
The upper limit of Bitcoin is 21 million. As more and more are mined, the algorithm difficulty will increase.
Bitcoin Cash adopts a dynamic difficulty adjustment mode, and the production difficulty will be adjusted with the computing power of the entire Bitcoin Cash network. The more nodes you join, the higher the difficulty, otherwise the difficulty decreases. Because Bitcoin Cash takes a long time to produce blocks, Bitcoin Cash began to adjust the mining difficulty in August 2017 and increase the speed of block production.
Bitcoin Cash lacks support
Bitcoin Cash requires miners to verify transactions, which requires a lot of computing power. The verification process takes about 10 minutes, but the less computing power is available, the longer the process takes.
Bitcoin Cash is scarce
At the time of the Bitcoin fork, some Bitcoin Cash did not enter daily circulation. The reason is that users cannot get Bitcoin Cash from unsupported exchanges and wallets. This means that Bitcoin Cash is actually more scarce than traditional Bitcoin.
As the leader of encrypted digital assets, Bitcoin has long been deeply rooted in the hearts of the people. Based on the different interest mechanisms, all parties have very different attitudes towards Bitcoin Cash. But before arguing, we still have to look at the prospects of Bitcoin Cash, after all, only valuable things have the value of argument.
Article from: www.ebioe.com