Bitcoin vs. Bitcoin Cash: What Should You Invest In?
With the growing popularity of Bitcoin, the number of users and the number of transactions conducted increased every year. Against this background, the main problem of cryptocurrency became increasingly noticeable – a limited block size of 1 MB. Until 2017, there was the talk of increasing this parameter, but the matter did not go beyond proposals. Users complained about delays in conducting transactions, which were often delayed for a day or even several days.
Many solutions were proposed, one of which was a commission increase. This approach solves the problem with the speed of operations but leads to high costs for network participants. Not surprisingly, the emergence of the Bitcoin Cash fork on August 1, 2017, was supported by the majority of the cryptocurrency community. At the same time, BTC users were divided into two groups – some remained loyal to Bitcoin, while others switched to Bitcoin Cash. What are the features of cryptocurrency? What is more profitable to mine – BTC or BTH? These and other questions will be discussed below.
What is the difference between Bitcoin Cash and Bitcoin?
The developers of the technology believe that the main value of Bitcoin is in itself. SegWit is said to be reliable for shipments. Another advantage is a very strong team, which, among other things, is responsible for the main Bitcoin clients.
The main advantage of Bitcoin Cash is “fast” transactions. Block size increased to 8MB. Because of this, the commissions remain at early levels of cryptocurrency development – up to $ 0.1. The developers at the moment have not solved the problem of the unreliability of shipments, but they have a plan for how to achieve this.
No cryptocurrency can replace Bitcoin. This is the main source of income for crypto traders, the main object of investment. There are no alternatives to the cue ball, so investing in this cryptocurrency is profitable. It is not even about its reliability, popularity, and volatility. There is a demand for bitcoin. His course increases many times, which makes it possible to earn good money on short-term investments.
Bitcoin Cash Investment
For investors who make transfers and payments regularly and in large quantities, it is best to use Bitcoin Cash. This is a convenient and least expensive tool. In addition, the cache is able to accelerate and overtake in terms of growth the main cryptocurrency – the cue ball. Regular course correction allows you to buy Bitcoin Cash at a bargain price.
Overall, Bitcoin Cash has better growth prospects. A virtual coin has all the characteristics required for a modern cryptocurrency – a large block size, better transaction speed, a high level of security and the possibility of mining. As for profits, on June 1, 2018, there is not much difference that there is no mining. That is why when choosing a cryptocurrency, it is important to focus on long-term goals. If we are talking about mining in order to keep coins in your wallet, the variant with Bitcoin Cash looks more interesting. But Bitcoin is also not worth writing off. In the short term, he is able to show good growth. What will happen in 1-2 years or more is difficult to predict.