Bringing context and critique to the cultural moment. Deep dives, reviews, and debate encouraged.
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© 2020 Relevant Protocols Inc.
Bringing context and critique to the cultural moment. Deep dives, reviews, and debate encouraged.
40678 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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What is the difference between Bitcoin and Bitcoin Cash? Since its launch in 2009, Bitcoin has been forked more than 100 times—most of which ended in failure. Bitcoin Cash forked from Bitcoin in August 2017, and is now the most successful Bitcoin fork. An increased maximum block size and improved scripting capabilities distinguish Bitcoin Cash from Bitcoin, but it's also more centralized. Just over ten years ago, Bitcoin (BTC), the world's first cryptocurrency, was invented and launched by the mysterious Satoshi Nakamoto. Since then, Bitcoin has undergone several upgrades and been forked well over 100 times. Most of these efforts fell flat within months of launching, but Bitcoin Cash (BCH) has managed to buck the trend, becoming by far the most successful Bitcoin fork. Earn tokens & rewards with our mobile app Get early access to our app to earn Decrypt Token, redeemable prizes and much more.  The App Though similar in many ways, there are several ideological and technical differences between Bitcoin and Bitcoin Cash which you'll want to be aware of. Here are the main ones: Bitcoin vs Bitcoin Cash: different philosophies From the early days of Bitcoin's existence, it quickly became apparent that the network isn't capable of handling enough transactions per second to make it a true competitor to centralized payment systems like Visa. This issue came to a head in 2017 when the number of transactions dramatically increased, causing Bitcoin's average transaction fee to climb to as high as $55 by the end of the year.
What is the difference between Bitcoin and Bitcoin Cash? Since its launch in 2009, Bitcoin has been forked more than 100 times—most of which ended in failure. Bitcoin Cash forked from Bitcoin in August 2017, and is now the most successful Bitcoin fork. An increased maximum block size and improved scripting capabilities distinguish Bitcoin Cash from Bitcoin, but it's also more centralized. Just over ten years ago, Bitcoin (BTC), the world's first cryptocurrency, was invented and launched by the mysterious Satoshi Nakamoto. Since then, Bitcoin has undergone several upgrades and been forked well over 100 times. Most of these efforts fell flat within months of launching, but Bitcoin Cash (BCH) has managed to buck the trend, becoming by far the most successful Bitcoin fork. Earn tokens & rewards with our mobile app Get early access to our app to earn Decrypt Token, redeemable prizes and much more.  The App Though similar in many ways, there are several ideological and technical differences between Bitcoin and Bitcoin Cash which you'll want to be aware of. Here are the main ones: Bitcoin vs Bitcoin Cash: different philosophies From the early days of Bitcoin's existence, it quickly became apparent that the network isn't capable of handling enough transactions per second to make it a true competitor to centralized payment systems like Visa. This issue came to a head in 2017 when the number of transactions dramatically increased, causing Bitcoin's average transaction fee to climb to as high as $55 by the end of the year.
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