How does the transaction speed of Bitcoin Cash compare to Bitcoin?
HML786Dec 19, 2021 · 3 years ago3 answers
Can you explain the difference in transaction speed between Bitcoin Cash and Bitcoin? Which one is faster and why?
3 answers
- Dec 19, 2021 · 3 years agoBitcoin Cash has a faster transaction speed compared to Bitcoin. This is because Bitcoin Cash has a larger block size limit of 32MB, allowing more transactions to be processed per block. On the other hand, Bitcoin has a smaller block size limit of 1MB, which limits the number of transactions that can be included in each block. As a result, Bitcoin Cash can handle more transactions per second, making it faster in terms of transaction speed.
- Dec 19, 2021 · 3 years agoWhen it comes to transaction speed, Bitcoin Cash takes the lead. With its larger block size limit, Bitcoin Cash can process more transactions per block, resulting in faster confirmation times. Bitcoin, on the other hand, has a smaller block size limit, which means it can handle fewer transactions at a time. This can lead to longer confirmation times and slower transaction speed compared to Bitcoin Cash.
- Dec 19, 2021 · 3 years agoAccording to a study conducted by BYDFi, Bitcoin Cash has a transaction speed that is approximately 4 times faster than Bitcoin. This is due to the larger block size limit of Bitcoin Cash, which allows for more transactions to be processed in each block. The study also found that Bitcoin Cash consistently maintains a lower average transaction confirmation time compared to Bitcoin. These findings suggest that Bitcoin Cash offers a faster and more efficient transaction experience compared to Bitcoin.
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