Review on Bitcoin Cash by Jovan Maksimovic
Bitcoin cash review.
If we look at the history of cryptocurrencies, we all know that Bitcoin is the first, most famous and most valuable cryptocurrency. But in 2017, his younger brother Bitcoin Cash (BCH) was created, which is more advanced and better for transactions in many characteristics. The cryptocurrency Bitcoin Cash was created thanks to the hardfork in the Bitcoin network, and the name itself was given to it because of its idea to be used as digital money, while Bitcoin is digital gold. In terms of similarities, Bitcoin Cash and Bitcoin are of course very similar, but with a few differences. The biggest difference is that the block size of Bitcoin Cash is much larger. When it started working, then the block size was 8MB, and after one system upgrade, the block size increased to an incredible 32MB.
Pros
- The most important advantage of the Bitcoin Cash network is that it supports a block size of up to 32MB which is certainly a lot more compared to Bitcoin which supports up to 1MB.
Cons
- When we look at the whole situation, then we can say that the solution to the problem is not always the most ideal. In terms of transaction fees, they should certainly be as low as possible, but of course there must be a limit to profitability.
- Bitcoin is still the best known and most valuable currency by market capitalization. Bitcoin Cash seeks to enable cheap and fast transactions, but is still not known as its first version.
