Bitcoin or Bitcoin Cash are two different cryptocurrencies that have emerged due to concerns about Bitcoin's ability to scale effectively. The main differences between Bitcoin and Bitcoin Cash are:
- Transaction Speed: Bitcoin Cash has implemented larger block sizes, allowing for faster transaction processing at lower fees compared to the Bitcoin network.
- Scalability: Bitcoin's network is slow and can only process a limited number of transactions per second, causing long wait times. In contrast, Bitcoin Cash enables over 100 transactions per second, while Bitcoin can only process seven.
- Store of Value vs. Payment Method: Bitcoin has become more popular as a store-of-value investment, while Bitcoin Cash aims to be a digital cash system for everyday transactions.