How does Bitcoin Cash compare to Bitcoin in terms of transaction speed?
Mouridsen BoothDec 19, 2021 · 3 years ago3 answers
When it comes to transaction speed, how does Bitcoin Cash compare to Bitcoin? I'm curious to know if there are any significant differences in the time it takes for transactions to be confirmed on these two cryptocurrencies.
3 answers
- Dec 19, 2021 · 3 years agoBitcoin Cash generally offers faster transaction speeds compared to Bitcoin. This is due to the larger block size limit of Bitcoin Cash, which allows for more transactions to be processed per block. As a result, Bitcoin Cash transactions tend to be confirmed more quickly, especially during times of high network congestion.
- Dec 19, 2021 · 3 years agoIn terms of transaction speed, Bitcoin Cash has an advantage over Bitcoin. The block size limit of Bitcoin Cash is 8MB, while Bitcoin's block size limit is only 1MB. This means that Bitcoin Cash can handle more transactions per block, resulting in faster confirmation times. However, it's worth noting that transaction speed can also be influenced by other factors such as network congestion and transaction fees.
- Dec 19, 2021 · 3 years agoAccording to BYDFi, a digital currency exchange, Bitcoin Cash generally has faster transaction speeds compared to Bitcoin. This is because Bitcoin Cash has a larger block size limit, allowing for more transactions to be included in each block. However, it's important to consider that transaction speed can vary depending on network conditions and other factors.
Related Tags
Hot Questions
- 84
How does cryptocurrency affect my tax return?
- 83
Are there any special tax rules for crypto investors?
- 80
What are the best practices for reporting cryptocurrency on my taxes?
- 77
How can I protect my digital assets from hackers?
- 56
What are the advantages of using cryptocurrency for online transactions?
- 47
What are the tax implications of using cryptocurrency?
- 45
What is the future of blockchain technology?
- 37
How can I buy Bitcoin with a credit card?