those messages. Is Bitcoin Cash different from 'Bitcoin'? In the face of Bitcoins inability to establish a consensus on scalability, investors turned to Bitcoin Cash, with its price rising to over 1250/BCH in recent trading. Ultimately, Satoshi Nakamoto isnt infallible. Youll also notice that the Bitcoin blockchain is larger than that of Bitcoin Cash, while there are more blocks (and therefore a larger circulating supply) for Bitcoin Cash. Last Thoughts At the end of the day, the vast majority of us are not online merchants and we dont frequently use cryptocurrencies in retail transactions (yet).
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With total transaction volume dropping steeply, its still too early to know what the long-term effectiveness of SegWit will. That is, the debate over how to most effectively increase Bitcoins ability to process transactions cheaply and quickly. And in fact, many merchants that used to accept Bitcoin stopped doing so in 2017. The block size limit has some significant benefits: Prevent DOS (denial of service) attacks: Bitcoin transactions used to be ridiculously cheap. Bitcoin Cash is one answer to Bitcoins scalability problem, but the Bitcoin community was hard at work thinking of other ways to improve scalability. As a result, Bitcoin Cash has a different exchange rate than Bitcoin, and not all wallets and exchanges supported Bitcoin Cash upon its launch. Everything You Need to Know About Bitcoin, Explained, and then come back here. Those in favor of the increase cited greater accessibility and room to grow for the burgeoning Bitcoin user base.