You might think that Bitcoin Cash is Bitcoin and that is almost true. It’s actually a fork of bitcoin, split off from it. A fork from the main branch occurred in 2017. In 2018, Bitcoin Cash was split into several branches – BCHABC and BCHSV.
Today, Bitcoin and Bitcoin Cash 2 are different cryptocurrencies, for which different software is used, although the differences between the programs are minimal. There is no conflict of transactions, it is considered that they spend different assets.
Pros of BCH
First of all, cryptocurrencies differ in transaction cost and commission. BTC validates 3-7 transactions per second worth $5-50 each and BCH validates 100 transactions per second at a minimum cost of a few cents. Due to low fees and accelerated processing time, BCH is more suitable for daily mass use.
Cons of BCH
Today, all offshoots of BTC and BCH are attracting a fraction of the attention and investment compared to the original BTC, which has a market capitalization of over $1 trillion. The other 3 closest competitors, Bitcoin Gold, Bitcoin SV, and Wrapped Bitcoin, together cover only over $17 billion. The market cap of BCH itself is only slightly over $18 billion, which is 50 times less than that of Bitcoin. Bitcoin Cash is likely to serve only as a temporary medium of exchange and will not be able to catch up with its predecessor.
