Which of the two crypto coins offers the best investment?
Bitcoin is no longer the sole star in the crypto scene. Yes, no one is denying that the coin still holds the numero uno stature, but it is also true that the crypto world has recently embraced a bunch of new coins that speak of great promise as well. Among the new powerful coins that can pose serious competition to BTC today, one of the crucial names is Bitcoin Cash (BCH).
The article below offers a comparative study on the two so that you can have a better understanding of which one to invest in.
Bitcoin
Launched in 2009, Bitcoin is a trailblazer in the cryptocurrency scene. The biggest cryptocurrency to date, BTC was developed to introduce a cutting-edge decentralized P2P electronic cash that is based on advanced
Blockchain technology. Given its decentralized infrastructure, Bitcoin cannot be governed or controlled by any single authority. All the Bitcoin transactions are recorded in a decentralized global immutable and encryption-guarded blockchain-based ledger. As a result, no one can alter or censor BTC transactions which makes them way safer compared to traditional fiat money.
But, one of the major drawbacks of BTC is its extremely restricted block size limit which is a mere 1 MB. It was not a problem initially but as the coin started gaining traction, this limited block size proved to be insufficient to manage an increased flow of transactions on a daily basis.
No wonder, the crypto world started looking for options that can beat the scalability issue of Bitcoin and assure better speed. It led to the birth of more competitive coins like Bitcoin Cash among many others.
Bitcoin Cash
Interestingly, Bitcoin Cash was launched in 2017 through Bitcoin hard fork to present a coin with better scalability than Bitcoin. While BTC was introduced with a 1 MB block size, BCH was launched with an 8x bigger 8 MB size. Later on, the block size was further scaled to an even grander 32 MB.
In other words, BCH is designed with a faster transfer speed that enables it to manage more transactions (compared to BTC) per second. As a result, more people would be able to use Bitcoin Cash simultaneously compared to what you would find with Bitcoin. Also, BCH assures more economical transaction fees ($0.20) compared to that of Bitcoin ($1).
So, Which One?
What we can infer here is that Bitcoin Cash has a much stronger capacity to handle a growing scale of the user base. The crypto scene is gaining momentum with each passing month, and you have more people looking forward to testing the waters now than you had 7-8 years back. In that light, you need a coin with increased scalability to handle increasing traffic and Bitcoin Cash surely shows immense promise here. The cheaper transaction rate is another big draw here.
So, which one to go for? Well, both the coins mentioned here are great in their own aspects. But, while Bitcoin is still ruling the roost, Bitcoin Cash also shows a brighter future with its stronger emphasis on far improved scalability, and economical transaction fees. Yes, Bitcoin will remain the king and most likely the most traded ones, but Bitcoin Cash will clearly take a strong part by its improvement and continuous adoption.
Sydney Ifergan is a crypto expert and Advisor for the Digibyte Foundation.
Bitcoin is no longer the sole star in the crypto scene. Yes, no one is denying that the coin still holds the numero uno stature, but it is also true that the crypto world has recently embraced a bunch of new coins that speak of great promise as well. Among the new powerful coins that can pose serious competition to BTC today, one of the crucial names is Bitcoin Cash (BCH).
The article below offers a comparative study on the two so that you can have a better understanding of which one to invest in.
Bitcoin
Launched in 2009, Bitcoin is a trailblazer in the cryptocurrency scene. The biggest cryptocurrency to date, BTC was developed to introduce a cutting-edge decentralized P2P electronic cash that is based on advanced
Blockchain technology. Given its decentralized infrastructure, Bitcoin cannot be governed or controlled by any single authority. All the Bitcoin transactions are recorded in a decentralized global immutable and encryption-guarded blockchain-based ledger. As a result, no one can alter or censor BTC transactions which makes them way safer compared to traditional fiat money.
But, one of the major drawbacks of BTC is its extremely restricted block size limit which is a mere 1 MB. It was not a problem initially but as the coin started gaining traction, this limited block size proved to be insufficient to manage an increased flow of transactions on a daily basis.
No wonder, the crypto world started looking for options that can beat the scalability issue of Bitcoin and assure better speed. It led to the birth of more competitive coins like Bitcoin Cash among many others.
Bitcoin Cash
Interestingly, Bitcoin Cash was launched in 2017 through Bitcoin hard fork to present a coin with better scalability than Bitcoin. While BTC was introduced with a 1 MB block size, BCH was launched with an 8x bigger 8 MB size. Later on, the block size was further scaled to an even grander 32 MB.
In other words, BCH is designed with a faster transfer speed that enables it to manage more transactions (compared to BTC) per second. As a result, more people would be able to use Bitcoin Cash simultaneously compared to what you would find with Bitcoin. Also, BCH assures more economical transaction fees ($0.20) compared to that of Bitcoin ($1).
So, Which One?
What we can infer here is that Bitcoin Cash has a much stronger capacity to handle a growing scale of the user base. The crypto scene is gaining momentum with each passing month, and you have more people looking forward to testing the waters now than you had 7-8 years back. In that light, you need a coin with increased scalability to handle increasing traffic and Bitcoin Cash surely shows immense promise here. The cheaper transaction rate is another big draw here.
So, which one to go for? Well, both the coins mentioned here are great in their own aspects. But, while Bitcoin is still ruling the roost, Bitcoin Cash also shows a brighter future with its stronger emphasis on far improved scalability, and economical transaction fees. Yes, Bitcoin will remain the king and most likely the most traded ones, but Bitcoin Cash will clearly take a strong part by its improvement and continuous adoption.
Sydney Ifergan is a crypto expert and Advisor for the Digibyte Foundation.
Broadridge to Bolster Prometheum's Digital Asset Securities Infrastructure
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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