Bitcoin vs. Bitcoin Cash is a crypto asset battleground
Bitcoin vs. Bitcoin Cash is a crypto asset battleground

Bitcoin vs. Bitcoin Cash is a crypto asset battleground

Zara

5 min
Business & Finance
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<p>In the year 2017, Bitcoin and Bitcoin Cash parted ways.</p> <p>Today, the top ten crypto assets by market capitalisation are all positive.</p> <p>Bitcoin (BTC) rose 1% to US$37,272 in the last 24 hours.</p> <p>As you move down the list, you'll see that not all of the coins are increasing in value.</p> <p>Bitcoin Cash, the 28th most valuable cryptocurrency, has remained unchanged in the last 24 hours, trading at US$277.</p> <p>While every crypto trader knows what Bitcoin is, not everyone knows what Bitcoin Cash is.</p> <p>The Motley Fool contacted Ray Brown, a market analyst at CoinSpot, an Australian cryptocurrency exchange, with this in mind.</p> <p>What caused Bitcoin Cash to emerge?</p> <p>First and foremost, we were curious as to how Bitcoin Cash came to be.</p> <p>According to Brown,</p> <p>While Bitcoin Cash resembles the original Bitcoin in certain ways, it is a completely separate cryptocurrency that was 'forked' from Bitcoin.</p> <p>It was founded in 2017 by a portion of the Bitcoin community with the goal of exploiting Bitcoin's strong features while addressing some of its shortcomings, such as scalability.</p> <p>Bitcoin Cash has gained traction and has established itself as a serious competitor to other cryptocurrencies. It hasn't, however, come close to reaching Bitcoin's level of popularity.</p> <p>Why is scalability in cryptography being pushed so hard?</p> <p>So, why did the Bitcoin community desire to improve the scalability of the world's first crypto?</p> <p>Brown believes that:</p> <p>Bitcoin was intended to be a digital currency when it was first developed. The processing of transactions became slower as more people invested. This is partly owing to the fact that the blocks are only 1MB in size, leaving little possibility for scalability. As a result, Bitcoin has evolved into more of a store of value than a convenient means of making daily transactions.</p> <p>So, has Bitcoin Cash been successful in overcoming these flaws?</p> <p>"Bitcoin Cash was created to address these

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