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What are the key differences between the two Bitcoin Cash versions listed on Binance?

avatarAndy NiehausDec 29, 2021 · 3 years ago3 answers

Can you explain the main differences between Bitcoin Cash ABC and Bitcoin Cash SV, the two versions of Bitcoin Cash listed on Binance? What are the key factors that set them apart?

What are the key differences between the two Bitcoin Cash versions listed on Binance?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Bitcoin Cash ABC and Bitcoin Cash SV are two different versions of Bitcoin Cash that emerged from a hard fork in November 2018. The main difference between them lies in their approach to block size and scalability. Bitcoin Cash ABC supports a larger block size of 32MB and focuses on implementing smart contract functionality. On the other hand, Bitcoin Cash SV advocates for a larger block size of 128MB and aims to restore the original vision of Bitcoin by scaling on-chain. Both versions have their own development teams and communities, which contribute to their respective roadmaps and updates.
  • avatarDec 29, 2021 · 3 years ago
    Bitcoin Cash ABC and Bitcoin Cash SV are like two siblings with different personalities. Bitcoin Cash ABC is more experimental and open to new features, while Bitcoin Cash SV is more conservative and aims to stay true to the original Bitcoin design. The differences between them can be seen in their development priorities and the way they handle consensus changes. Bitcoin Cash ABC focuses on innovation and faster development cycles, while Bitcoin Cash SV prioritizes stability and long-term scalability. Both versions have their own strengths and weaknesses, and it's up to the users to decide which version aligns better with their needs.
  • avatarDec 29, 2021 · 3 years ago
    As a representative from BYDFi, I can provide some insights into the key differences between Bitcoin Cash ABC and Bitcoin Cash SV. While both versions share a common history, they have diverged in terms of their development philosophies. Bitcoin Cash ABC has a more community-driven approach, with a focus on user experience and adoption. On the other hand, Bitcoin Cash SV has a more centralized development model, with a focus on enterprise adoption and scaling. These differences in approach have led to divergent roadmaps and updates for each version. It's important for users to understand these differences and make informed decisions when choosing between the two versions.