![]() ![]() This difference gives Bitcoin Cash enhanced smart contract functionality over Bitcoin.īitcoin Cash can also be considered more centralized than Bitcoin. Back in 2018, several opcodes that are disabled in Bitcoin were re-enabled on the Bitcoin Cash chain, while some entirely new ones were also added. For one, it has several additional commands/functions enabled, known as opcodes. Bitcoin vs Bitcoin Cash: other differences Bitcoin Cash was designed to address Bitcoin's scaling issues (Image: Shutterstock)īesides an increased maximum block size and lack of SegWit support, Bitcoin Cash differs from Bitcoin in a variety of other ways. Currently, the average Bitcoin Cash transaction fee is around 0.5 cents, versus $2.07 for Bitcoin. Since Bitcoin Cash has larger blocks, but far fewer actual transactions compared to Bitcoin, it also benefits from lower fees. Bitcoin vs Bitcoin Cash average transaction fee. This means that transactions are confirmed approximately equally quickly between the two chains, but because more transactions can be squeezed into each Bitcoin Cash block, the overall throughput of the Bitcoin Cash network is around 100 transactions per second (tps)-compared to just 7 tps for Bitcoin (14 tps with SegWit). ![]() This change significantly increased the number of transactions that can be included in each block and the overall speed of the Bitcoin Cash network.īitcoin Cash keeps the 10-minute average block discovery time first implemented by Bitcoin. Bitcoin Cash, on the other hand, has a maximum block size of 32MB (increased from 8MB in May 2018). Bitcoin vs Bitcoin Cash: 1MB vs 32MB blocksĪrguably the main technical difference between Bitcoin and Bitcoin Cash is the maximum block size allowed by each network.įor Bitcoin, the size of each block is limited to roughly 1MB, but there have been examples of blocks successfully mined that are larger than this due to the benefits of the aforementioned SegWit upgrade. This fork produced a new cryptocurrency known as Bitcoin Cash, which keeps the original Bitcoin codebase but without the SegWit upgrade, and with the maximum block size increased to 8MB. The fork occurred just after the launch of the Segregated Witness ( SegWit) update, which slightly improved Bitcoin's scalability by reducing the size of transactions, allowing more to fit into a block. But Bitcoin ABC (led by blockchain developer Amaury Séchet) sought to keep scaling on-chain (that is without relying on offline processing or side-chains) initiated a fork of the Bitcoin protocol in August 2017. To address this scaling issue, a number of off-chain scaling solutions entered development, including the Lightning Network and various side-chain scaling options. 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. 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. ![]()
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