{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}
{[{item.change24}]}%
{[{item.change24}]}%
+ Become a member of Interactive Crypto
+ Create a FREE Interactive Crypto Account to Access Premium Content
We’re sorry, but the content you are trying to access is for members only.
CREATE ACCOUNT
June 14, 2020 |
JOHN K MWANIKI | 0 Comments|1702 Views
Get Into Cryptocurrency Trading Today
That cryptocurrency is changing how people trade is no doubt. Investors and other traders are looking for cryptocurrencies as the solution to an uncertain economy. So far, some investors have christened it the “online gold" due to its ability to spike when the traditional economy goes down.
The more the crypto coins become useful in the economy, the more they become adopted, and the more coins become available in the market. Of all the coins, some of the most popular is the Bitcoin and Bitcoin Cash. Even though almost similar in names, most traders don't know how to separate the two. This article details all the differences between the two;
While Bitcoin was the founding coin, it faces challenges of lower transaction speeds with high transaction fees. An increase in the uptake of the currency led to an increasingly dire situation leading to a group seeking to change operations. On the other hand, some faction felt the slower speeds and high costs were necessary to avoid flooding the coin.
With the groups failing to reach a consensus, they went for a split on August 1st, 2017. Known as a hard fork. It led to the separation of Bitcoin Cash from Bitcoin.
One of the main reasons for the low transaction speeds of Bitcoin is the bigger Blocksize. A bigger Blocksize tends to have several transactions leading to lower rates. With one Bitcoin Blocksize equaling one megabyte, the traders find it hard to scale. This is different from Bitcoin cash, which has a Blocksize of 8 megabytes.
The larger blocks on the Bitcoin cash allows for faster transactions compared to that of Bitcoin.
The other reason for the split between Bitcoin and Bitcoin Cash is the transaction fees. With many people holding Bitcoin and the lower transaction speeds, the transaction fees automatically go up.
While the higher transaction fees on Bitcoin on surface-level might seem badly off compared to Bitcoin cash, it is yet to be seen when BTC scales.
With the virtue of being the first in the market, Bitcoin tends to have many users. Even though this is set to change as the value of the Bitcoin rises even further. Also though considered safe, most investors are still conscious of their money. Most of the current investors would instead trade on the more affordable Bitcoin cash that comes with lesser risks.
Even though both are volatile, a change in price affects the Bitcoin investors more than it does to the Bitcoin Cash team. The only concern that comes with Bitcoin cash uptake is building credibility. Some investors consider it a fake coin that looks to swindle people's money using Bitcoin's brand.
One of the challenges that come with investing in the crypto economy is understanding the several coins. The safest point to start is by learning about two of the first crypto coins. Besides Bitcoin and Bitcoin Cash, there are several other essential crypto coins to know about, like Ripple, Ethereum, among others. They all come with unique features and pros and cons.
All COINS
TRENDING
WATCHLIST
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Bitcoin and Bitcoin Cash, What Are The Differences All About?
That cryptocurrency is changing how people trade is no doubt. Investors and other traders are...
EOS Price Soars by 30% as eosDAC Release Date Approaches
While cryptocurrencies have seen a severe slump in their values during last few months, against...
Cryptos Might Die Soon Thanks to Central Banks Digital Currencies!
Cryptocurrencies have been the worst nightmare for the traditional economy. It has gained market...
Crypto Day Trading Strategy For 2021
Cryptocurrencies are revolutionizing the financial world. The top of the sectors is trading. The...
Billionaire Mark Cuban Berates Bitcoin, Would Rather “Have Bananas”
Bitcoin has been one asset that has split the opinions of investors for a few years now. The...
1 DOGE to USD | What is Dogecoin, Exchange Rates?
Dogecoin (DOGE) is, according to the official website, a decentralized and “open-source...
Plus500
Risk warning: 80.5% of retail investor accounts lose money when trading CFDs with this...
EOS Price Soars by 30% as eosDAC Release Date Approaches
While cryptocurrencies have seen a severe slump in their values during last few months, against...
Free & Fast BTC Mining
The more Bitcoin becomes popular, the more miners it attracts. Mining the coin comes with...
Best 10 Cryptos to Invest in 2020
Investing in crypto takes time. Besides being a new medium of exchange, several coins available...
Should I Sell My Altcoins for Bitcoin?
What Are the Disadvantages of Bitcoin?
Does Apple accept Bitcoin?
Can I buy house with Bitcoin?
Can I transfer Bitcoin to my bank account?
Is Ripple The Cryptocurrency of 2018? - In Depth Review of Ripple XRP
What Is Ripple? / DefinitionRipple is a name for a cryptocurrency denoted by Ripple XRP and it's als...
Is IOTA Going to Overtake Bitcoin and Other Cryptocurrencies? - IOTA (MIOTA)Review
Verge Review
Binance Review
Dogecoin Review
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Excentral
Risk warning: CFDs are complex financial products. They have a speculative character. Trading in...
EagleFX
EagleFX is one of the latest forex trading brokerages to join the sector. It got founded back in...
Vantagefx
VantageFX is a leading Australian forex broker that specializes in ensuring the complete and ful...
Xtrade
Xtrade is one of the most popular financial trading sites in the world. Started over a decade ago, t...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS
0 Comments
Like this article