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Bitcoin vs. Bitcoin Cash

Curious about the difference between Bitcoin and Bitcoin Cash? You’re not alone. These two crypto assets share many similarities apart from just their names.

 

In fact, Bitcoin Cash (BCH) was created through what’s called a “hard fork” of Bitcoin (BTC), meaning the two assets share a common code base, design scheme and transaction history. 

 

Stepping back, know that most cryptocurrencies are based on open-source code, meaning any developer can propose changes to the software users run. This includes the ability to copy the code base, change a few features and start an entirely new project.

Bitcoin vs Bitcoin Cash
Bitcoin Coin Logo

BITCOIN

Bitcoin considera que su objetivo es ofrecer una alternativa al dinero del gobierno y al control de su emisión por parte del banco central. Por lo tanto, sus desarrolladores restan prioridad a los cambios que podrían debilitar esta propuesta de valor, como alterar la cantidad de tiempo que lleva crear nuevos bloques. 

Bitcoin Cash coin logo

BITCOIN CASH

Bitcoin Cash fue creado por usuarios que sentían que Bitcoin debería agregar características que lo harían más competitivo con los sistemas de pago tradicionales como Visa y PayPal, como aumentar el tamaño del bloque y reducir las tarifas que los usuarios pagan para enviar transacciones.

Entonces, si bien pueden haber comenzado desde la misma base de código y grupo de usuarios, sepa que Bitcoin y Bitcoin Cash (BTC vs. BCH) son bastante diferentes hoy en día, particularmente en su enfoque de la filosofía de diseño general. Aprenda más sobre Bitcoin frente a Bitcoin Cash a continuación.

La diferencia entre Bitcoin y Bitcoin Cash

Bitcoin

Bitcoin is an open-source software that allows its global user base to manage a digital money supply outside the control of any government or central bank.

 

It was created in response to the 2008 global economic crisis as a means to combat inflation. In fact, the first mined block contained the message: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” a message many believe signifies the project’s revolutionary intent.

 

The Bitcoin software enables the computers running it to manage a ledger (the blockchain) that accounts for all transactions made using its currency (BTC) by enforcing a variety of rules.

 

The Bitcoin blockchain is a full record of the network’s transaction history validated by nodes, or individuals running its software. This ensures that each BTC cannot be copied or modified, and that bitcoins cannot be created or used in a way that is against its rules.

 

Bitcoins are scarce, divisible and transferable, making them a valuable alternative money.

Bitcoin Cash

Bitcoin Cash shares many of the same goals as Bitcoin. Where it differs is in how it makes design decisions to realize those goals. 

 

For instance, supporters of Bitcoin Cash believe that Bitcoin’s value was closely tied to its utility as a means of payment, and that Bitcoin needed to make changes to preserve these properties. 

 

At the time, Bitcoin was seeing widespread use, and the fees required to settle transactions on the blockchain were rising, sometimes into the hundreds of dollars. 

 

To lower Bitcoin’s fees, Bitcoin Cash supporters wanted to increase Bitcoin’s block size to 8 MB, up from 1 MB, increasing the number of transactions that could be included in each block.

 

Bitcoin supporters generally rejected the idea, believing that it could have dire consequences for the economics of the network. The counter argument was that many successful internet startups subsidized consumer activity, and that this approach might make sense for Bitcoin early on.

 

As a result, Bitcoin Cash supporters created a new blockchain to test the theory.

Recursos útiles

Si está interesado en aprender más sobre BTC y BCH, por favor visite las páginas de Kraken “¿Qué es Bitcoin?” y “¿Qué es Bitcoin Cash?”.

 

 

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