Bitcoin Vs Bitcoin Cash | Platinum Crypto Academy

1
CRYPTOCURRENCY

• Bitcoin Vs Bitcoin Cash

2
BITCOIN VS BITCOIN CASH WHATS THE DIFFERENCE?

• Bitcoin and Bitcoin Cash are two different forms
  of cryptocurrency.
• The former was the first cryptocurrency and it
  was created many years ago by an anonymous
  programmer who goes by the pseudonym, Satoshi
  Nakamoto. 
• Bitcoin Cash was created in August 2017 by what
  enthusiasts refer to as a hard fork.
• This occurs whenever one cryptocurrency splits
  into two, creating a second one distinguishable
  from the first. Essentially, Bitcoins code was
  changed, which caused a split and the creation of
  a seco
• Bitcoin Gold, which was created by a fork in
  November of 2017.nd cryptocurrency. 

3
THE COMPETITION

• Currently, theres a war between Bitcoin and
  Bitcoin Cash and the dropping pair prices are
  certainly indicating that a lot is happening
  within the Bitcoin space. In fact, the entire
  matter is related to capacity, which has affected
  the transaction timings of Bitcoin that has
  slowed down to almost ten minutes. Following
  this, both developers and miners are battling
  with each other for addressing the issue.

4
THE MINERS THE DEVELOPERS

• The Bitcoin miners are looking to enhance
  the blockchains capacity and transaction times.
  On the other hand, the developers are looking to
  incorporate certain changes within Bitcoin
  Business, while also removing the hash power
  feature that is controlled entirely by the
  miners. This is one of the biggest reasons why
  Bitcoin Cash has been introduced after the hard
  fork.

5
SEGWIT2X AND BITCOIN

• Mining companies and pools representing around
  80-90 percent of Bitcoin computing ability voted
  in favour of incorporating a technology
  called segregated witness or SegWit2x. 
• This technology minimises the data required for
  verification in every block by simply eliminating
  signature data from within the data block.
• However, Bitcoin miners were not in favour of
  SegWit2x, as they felt that the technology didnt
  solve the scalability issue appropriately. Thats
  precisely why they decided to launch Bitcoin Cash.

6
SCALING FOR BITCOIN

• The problem related to scaling as well as
  enhancing the speed of the transaction verifying
  procedure can be solved in two ways.
• The first option is by making the data amount
  required for verification in every block smaller,
  thereby making Bitcoin transactions cheaper as
  well as quicker.
• The second option is to increase the size of the
  data blocks, allowing for processing of increased
  amounts of information at any given point of
  time. Bitcoin Cash has resulted in an 8MB
  increase in the block size and has further
  accelerated the verification procedure.

7
WHICH IS BETTER BITCOIN VS BITCOIN CASH

• When it comes to determining whether Bitcoin Cash
  is better than Bitcoin or vice-versa, the answer
  would entirely depend on the miner or users
  outlook with respect to the cryptocurrency.
• However, one shouldnt forget that Bitcoin Cash
  offers quick transaction speed as well as low fee
  in comparison to Bitcoin.
• Besides, Bitcoin certainly faces scalability
  issues whereas Bitcoin Cash has the ability to
  scale up and surpasses the traditional systems of
  payments like Visa. This could be one of the
  major reasons why crypto investors would value
  Bitcoin Cash over Bitcoin.
• If youd like to find out which other
  cryptocurrencies may surpass Bitcoin, then dont
  forget to book a consultation with one of our
  Master Crypto Traders!

8
Thank You.

• If you want to find out more, book a free
  consultation and we will help you through the
  entire process,