Difference Between Bitcoin And Bitcoin Cash

Okay, I know you might be wondering what could be the difference between bitcoin and bitcoin cash since the two of them are bitcoin. Well the first time I came across Bitcoin cash which is also known as BCH I was confused then I decided to research it.

When I did, I discover what bitcoin cash was, and then to find out more on this, I decided to take my time to research more on the difference between bitcoin and bitcoin cash since the two were almost the same. and this is what I find out from my first and second research.

Difference between bitcoin and bitcoin cash

Bitcoin Cash: Due to the effectiveness and the bitcoin ability to scale through, the bitcoin developer joining hands with the miners decided to start this project called bitcoin cash.

This helped enlarged the block from 1 MB to 32 MB with the use of Bitcoin cash.

So that’s to say that bitcoin has a block limited to 1 MB while Bitcoin cash has a limited block of about 32 MB.

Bitcoin: When it comes to transactions using bitcoin, it takes a longer time than most of the coins making it to be time-consuming. while in bitcoin cash, the transaction is much faster than usual.

Bitcoin cash can easily carry out multiple transactions per second, unlike the bitcoin network.

Bitcoin cash carries out its transaction as faster as it can and also with a lesser transaction processing fee than that of bitcoin.

Bitcoin: Due to the smaller block size, the possibility of security getting compromised is lesser than that of the bitcoin cash.

The larger the block size, the higher the chances of security compromised. With this, bitcoin remains the most popular and largest cryptocurrency both in the market and in the world. So the usability in the real world and liquidity of the bitcoin cash is lesser than that of bitcoin.

For example, due to the compromised on the bitcoin cash in 2018, another alternative was created called Bitcoin SV. Still, with the same vision, it was created to also run the mission in which bitcoin cash was supposed to handle which is transaction speed.

But even after the modification, it was still not successful as the case could not be resolved as expected after the hard fork on bitcoin cash.

Bitcoin cash: BCH can handle 7000 transaction blocks while bitcoin is limited to 2500 block transactions.

Should I invest in BTC or BCH?

BTC has always remained the bigger and popular coin ever unlike the BCH, But the difference is that in BCH, you have a lot of access to larger rooms to grow.

Should if you are ready to take the high risk by investing big and higher which will result in a higher reward if it works out then you may want to check out bitcoin cash (BCH). But if you are looking for a stable comparative investment, then check on bitcoin.

How do I cash out my Bitcoins?

One easy way to cash out bitcoin is using Cash App.

If you are using Cash App for your transaction, then follow these steps;

1 Login and the tag on the banking option that is displaying on your App home screen.

2 Bitcoin cash out is the reason you are there therefore, When you are in, click on the bitcoin option.

3 When you select on bitcoin, proceed and click on withdraw bitcoin which is also on the screen.

4 If you have a wallet address that you want to use of hand, then you may want to start inserting them into the box manually but to fasten the process and to avoid any error, you can use a QR Code scanning method to scan the address.

5 After scanning the address or inserting it and is successful, you will be asked to insert your Pin or verify your ID by touching it.

6 If the pin is correct, then that’s it, you have carried out your transaction successfully using Cash App.

Before going for any transaction with Cash App you have to know that you can carry out any transaction if you are don’t have at least a balance of 0.001 in your wallet.