How is Bitcoin different from Bitcoin cash?

cnbctv18.com:

To many, Bitcoin and Bitcoin Cash might seem like one and the same thing. If anything, the latter might seem like another extended name for Bitcoin. However, these are two different cryptocurrencies trying to achieve distinct goals, it’s just that they have many things in common.They both use the same white paper, codebase, and block rewards system.

However, Bitcoin Cash is actually an evolution of Bitcoin. It shares many characteristics with its predecessor and boasts several new features too.Bitcoin Cash was created through a hard fork in the Bitcoin Blockchain. A hard fork refers to a significant change in a blockchain network.

It is a radical update that splits a cryptocurrency into two. After the split, one cryptocurrency follows the protocols of the old blockchain, and the other follows a new set of protocols. This is what happened with Bitcoin in 2017, leading to the formation of Bitcoin Cash.Bitcoin Cash has become a prominent cryptocurrency thanks to the new and improved features it brings to the table.

Let’s understand what Bitcoin Cash is and how it came to being.The problem with BitcoinScaling has always been an issue for Bitcoin, and several other blockchains too. The growth of a network leads to more transactions. The blockchain then needs more nodes to verify these transactions.