What were the key factors that led to the Bitcoin Cash fork and what were the main differences between the two resulting cryptocurrencies?

1 answers

• Dec 26, 2021 · 3 years ago
  The Bitcoin Cash fork was a result of differing opinions on how to address the scalability issues of Bitcoin. Some members of the Bitcoin community believed that increasing the block size limit would be the best solution, while others disagreed. This led to a split in the community and the creation of Bitcoin Cash as a separate cryptocurrency. The main differences between Bitcoin Cash and Bitcoin lie in their block size limit and transaction fees. Bitcoin Cash has a larger block size limit, allowing for more transactions to be processed per block and reducing transaction fees. However, this also means that the blockchain size of Bitcoin Cash is larger compared to Bitcoin. Despite the differences, both Bitcoin and Bitcoin Cash continue to be actively traded and have their own dedicated communities.
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