What is the difference between Bitcoin Cash (BCC) and Bitcoin?
XDeveloperXDec 15, 2021 · 3 years ago3 answers
Can you explain the key differences between Bitcoin Cash (BCC) and Bitcoin in terms of their features, purpose, and community?
3 answers
- Dec 15, 2021 · 3 years agoBitcoin Cash (BCC) was created as a result of a hard fork from Bitcoin in 2017. It was designed to address the scalability issues of Bitcoin by increasing the block size limit. Bitcoin Cash aims to be a fast and low-cost digital currency for everyday transactions, while Bitcoin is seen more as a store of value and a digital gold. The Bitcoin Cash community believes that larger block sizes are necessary for mass adoption and widespread use as a currency.
- Dec 15, 2021 · 3 years agoBitcoin, on the other hand, has a smaller block size limit and focuses more on security and decentralization. It has a larger market capitalization and a longer track record compared to Bitcoin Cash. Bitcoin has a strong community and is widely accepted as a form of payment in various industries. It is often considered the original and most well-known cryptocurrency.
- Dec 15, 2021 · 3 years agoAccording to BYDFi, a digital currency exchange, Bitcoin Cash (BCC) and Bitcoin are two separate cryptocurrencies with different purposes. Bitcoin Cash aims to be a peer-to-peer electronic cash system, while Bitcoin is more like digital gold. Both have their own communities and use cases. It's important to do your own research and understand the differences before investing in either cryptocurrency.
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