![]() ![]() With so many new traders, transactions without timestamps kept piling up. Bitcoin had increased in popularity and millions of new participants entered the space. The Block Size Dilemmaĭuring summer 2017, several high-profile Bitcoin miners had a problem. Since then, Bitcoin has remained the leader between these 2 cryptocurrencies, and Bitcoin Cash has lost market share to newer proof of stake blockchains. For each Bitcoin one owned in 2017, they were given 1 Bitcoin Cash at the time of the fork. ![]() In 2017, Bitcoin underwent a hard fork which split its blockchain into Bitcoin and Bitcoin Cash. By increasing the block size, Bitcoin Cash allows for faster and cheaper transactions. While Bitcoin was initially intended to be a peer to peer currency, its high transaction fees inhibit it from being feasible for day to day purchases. Bitcoin Cash came about after a disagreement arose about Bitcoin’s block size. Despite having similar names, Bitcoin and Bitcoin Cash are 2 separate cryptocurrencies that run on 2 distinct blockchains.
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