Bitcoin Cash (BCH)
Bitcoincash (BCH) To USD Converter
Bitcoin Cash is a hard fork of Bitcoin. Generally speaking, there are two differences between Bitcoin and Bitcoin Cash.
The first is that Bitcoin Cash is capable of processing ~27 transactions/second whereas Bitcoin is capable of processing ~3.33-6.66 transactions/second . By comparison, Visa typically processes ~2000 transactions/second and is capable of processing up to 24,000 transactions per second .
The second is that, roughly speaking, mining Bitcoin Cash will eventually require ~4-8x the disk space and memory it takes to mine Bitcoin.
Distinguishing Technical Features of Bitcoin cash (Bch)
Blocks in the Bitcoin Cash blockchain have an 8MB size limit , whereas blocks in the Bitcoin blockchain have what could be thought of as a 2MB size limit.
In reality, Bitcoin blocks have a weight limit of 4,000,000 weight units since the introduction of segwit , which has an effect roughly equivalent to that of a 2MB size limit on a non-segwit-enabled chain such as BCH .
Because one block is mined every 10 minutes, and blocks are essentially a collection of transactions, this block size limit increase is what enables Bitcoin Cash to process more transactions than Bitcoin.
Bitcoin Cash is only capable of processing ~27 transactions per second . By comparison, Visa typically processes ~2000 transactions/second and is capable of processing up to 24,000 transactions per second .
The Bitcoin Cash community plans to address this issue by increasing the blocksize limit beyond 8MB.
Additionally, due to current and potential future increases in block size limit, Bitcoin Cash faces long term memory and storage scalability challenges. Currently the Bitcoin Cash blockchain can grow by up to 416GB per year. By comparison the Bitcoin blockchain can grow by up to ~104GB per year.
Like Bitcoin, Bitcoin Cash is maintained by an open group of collaborators. While discussions around the development of Bitcoin tend to happen in a specific set of organized and centralized forums, discussions on the development of Bitcoin Cash happen in a less organized and more decentralized manner across a wider variety of forums and groups .