Bitcoin Core vs. Bitcoin Cash: What’s the Difference?
The Beef: Bitcoin vs Bitcoin Cash
Depending on what you’re looking for, as well as the markets tendencies BCC or BTC may be more valuable investments, and it is important to understand the differences between the two currencies.
Do you want faster liquidity in case of a crash? Do you want an easy payment method? Or a gold type investment that you believe will only mature- there is fans on both sides of the game. Entrepreneurs such as Roger Ver and Gavin Anderson have been shown their support for Bitcoin Cash in the past. Both make sense as investments, but if you want an actual cryptocurrency that’s works as payment but doesn’t murder you with fees, try Bitcoin Cash.
Bitcoin is the original cryptocurrency currently traded under the name ‘BTC’, as distinguished from ‘BCC’, the trading name for Bitcoin Cash. The difference between the two currencies traces back to a tension in the community between those who wanted BTC to remain a digital investment, and those who wanted a transactional currency.u00a0
Those who wished for a transactional currency worked to implement a solution to Bitcoins scalability problem, which was the cause of it’s slow transactions. By increasing the block-size limit, the transaction speed problem was solved and transaction fees went down, making BCC an excellent transactional currency.
This happened through a process known as a ‘hard fork’. The miners on the Bitcoin network decided whether to continue running the old blockchain software or the new Bitcoin cash software. Those left still running the old software would be mining Bitcoin (BTC), but those on the new software would be mining Bitcoin Cash (BCC).