Bitcoin Forum

Bitcoin => Development & Technical Discussion => Topic started by: Cryptodile on March 13, 2018, 12:15:22 PM



Title: Which is the best in transactions?
Post by: Cryptodile on March 13, 2018, 12:15:22 PM
Hello guys, i would like to know which, between Bitcoin and Bitcoin Cash, is better for transaction ?? Thank you very much!!


Title: Re: Which is the best in transactions?
Post by: buwaytress on March 13, 2018, 01:02:25 PM
It would really depend on what matters to you when you transact. Hugeblack already points out the immense technological upgrades already present and upcoming with Bitcoin. These aren't planned for BCH,meaning that soon enough, they will be left behind for their short-sightedness.

If quick and cheap txs are what are important to you, you can have that with Bitcoin, and soon even negligible delays and cost with LN.

Leaving aside my own obvious biases towards bitcoin, this is something you should consider: how many people would be willing to accept your coin. At any given moment, I could spend my bitcoin at any crypto friendly merchant, user, service. Even the sites that support BCH accept Bitcoin.

I can't name one merchant or user I transact with that would accept BCH. Even piratebay laughs off BCH donations.


Title: Re: Which is the best in transactions?
Post by: suzanne5223 on March 13, 2018, 01:33:22 PM
As of last year BCH was the best in terms of transaction but not any more because BTC 1 confirmation was estimated to take 10 minutes while BCH does not have consistent confirmation times and it may take longer than expect to get 1 confirmation.


Title: Re: Which is the best in transactions?
Post by: AlexDing_average on March 13, 2018, 05:03:22 PM
BCH I assume?


Title: Re: Which is the best in transactions?
Post by: posi on March 13, 2018, 07:07:49 PM
Bitcoin and bitcoin cash share the same transaction time span (https://support.kraken.com/hc/en-us/articles/203325283-How-long-do-cryptocurrency-deposits-take-) before the community start to support the Lightning and SegWit. With the exclusion of Ethereum, Augur etc bitcoin is stil the best in transaction aspect.


Title: Re: Which is the best in transactions?
Post by: binting on March 13, 2018, 11:34:32 PM
Hello guys, i would like to know which, between Bitcoin and Bitcoin Cash, is better for transaction ?? Thank you very much!!
Well i think the best transaction is bitcoin because its very nice and wonderful communicating others using bitcoin and its better job and earninga lot of money and helping a lot of people. So that bitcoin is the best transactions.


Title: Re: Which is the best in transactions?
Post by: Cryptodile on March 14, 2018, 12:58:18 PM
Bitcoin Cash (hard fork) is a result of a prolonged disagreement on how to handle the bitcoin scalability problem. A group of people not content with the new Segregated Witness feature decided to increase bitcoin transaction capacity eight times, on a different blockchain without it[1] (https://en.wikipedia.org/wiki/Bitcoin_Cash).
BitCoin Cash is an escape from the problem(scalability problem) and not solution.

Up to now scalability is not a big problem so there is no need for Bitcoin Cash (Bitcoin won ;D)Perhaps Roger Ver  has another conception.

In the future, the following solutions are feasible:

  • LN payments: bi-directional payment channels which allows payments to be securely routed across multiple peer-to-peer payment channels.[2] (https://lightning.network/lightning-network-paper.pdf)
  • federated sidechains:don’t require any changes to the Bitcoin consensus rules. Merged-mined sidechains, which have not been implemented yet, do require a backwards-compatible soft fork in order to transfer funds between Bitcoin and the sidechain.[3] (https://en.bitcoin.it/wiki/Scalability_FAQ)
  • hub-and-spoke:is a form of transport topology optimization in which traffic routes are organized as a series of 'spokes' that connect outlying points to a central 'hub.' [4] (https://en.wikipedia.org/wiki/Spoke–hub_distribution_paradigm)

Sources:
#1 https://en.wikipedia.org/wiki/Bitcoin_Cash (https://en.wikipedia.org/wiki/Bitcoin_Cash)
#2 https://lightning.network/lightning-network-paper.pdf (https://lightning.network/lightning-network-paper.pdf)
#3 https://en.bitcoin.it/wiki/Scalability_FAQ (https://en.bitcoin.it/wiki/Scalability_FAQ)
#4 https://en.wikipedia.org/wiki/Spoke–hub_distribution_paradigm (https://en.wikipedia.org/wiki/Spoke–hub_distribution_paradigm)








Thank you very much man for your answer that is really clear.


Title: Re: Which is the best in transactions?
Post by: Happydd on March 16, 2018, 10:07:53 AM
In my opinion, bitcoin and bitcoin cash have their own advantages. Bitcoin is a fast, cost-effective way of transferring accounts to others conveniently. In particular, bitcoin brings high profit when its price increases as high as today. Many people have invested in bitcoin.


Title: Re: Which is the best in transactions?
Post by: jona on March 16, 2018, 10:59:15 AM
I have not yet invested in bitcoin cash but my Bitcoin transaction has not really given me issues and i still believe is the best when it comes to transactions,i can,t say anything about bitcoin cash.


Title: Re: Which is the best in transactions?
Post by: welliamy on March 16, 2018, 12:23:55 PM
Hello guys, i would like to know which, between Bitcoin and Bitcoin Cash, is better for transaction ?? Thank you very much!!

The bitcoin actually has the balance and incentives right
And that is..,why it is starting to take off
Bitcoin is going to change the whole world
From a money transactional standpoint
Not for just any country,but for everywhere.