Bitcoin Cash vs. Bitcoin: Let Me Explain

Bitcoin (BTC) and Bitcoin Cash (BCH) are two cryptocurrencies vying for the crown of ranking Bitcoin cryptocurrency. The Bitcoin blockchain – an open source, decentralized algorithmic code – gave rise to both digital currencies. They emanated from the Blockchain fork. Bitcoin is the world’s oldest and most recognizable cryptocurrency, and it retains its rank as the leading digital currency in the world. However, at inception the enigmatic and elusive founder of Bitcoin – ‘Satoshi Nakamoto’ – wanted the cryptocurrency to be a store of value and a medium of exchange.

Bitcoin Price and Performance

The overarching goal of Bitcoin technology is widescale adoption. The question of whether Bitcoin (BTC) or Bitcoin Cash (BCH) is better suited to traders, investors or laypeople is a challenging one. It’s all about scaling, utilization, decentralizing the cryptocurrency, minimizing fees and rapidly executing transactions.

Bitcoin Cash Price and Performance

If the rumours are true, then Bitcoin is artificially centralized at the upper echelons. Bitcoin Cash is attempting to be something that Bitcoin is not: a store of value and a medium of exchange. The SegWit hard fork on August 1, 2017 was a watershed moment for Bitcoin. At inception, Bitcoin Cash was trading around the $300 – $600 range.
By November 17, 2017 Bitcoin Cash was trading at $1,311,00. The circulating supply of Bitcoin Cash is 16,807,675 and the total supply is 21 million. Note that these are almost the same quantities as Bitcoin. However, the market capitalization of Bitcoin is $125.85 billion, while the market capitalization of Bitcoin Cash is $22.035 billion