How does Bitcoin Cash differ from Bitcoin in terms of transaction speed and fees?

3 answers

• mohsin phpJan 19, 2021 · 5 years ago
  Bitcoin Cash and Bitcoin differ in terms of transaction speed and fees. Bitcoin Cash has a larger block size limit of 8MB, compared to Bitcoin's 1MB. This allows Bitcoin Cash to process more transactions per block and results in faster confirmation times. Additionally, Bitcoin Cash has lower transaction fees on average compared to Bitcoin. However, it's important to note that transaction speed and fees can vary depending on network congestion and other factors. Overall, Bitcoin Cash offers faster transaction speeds and lower fees, making it a more attractive option for some users.
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• Henneberg StaalJan 01, 2024 · 2 years ago
  When it comes to transaction speed and fees, Bitcoin Cash has an advantage over Bitcoin. Bitcoin Cash has a larger block size, which means it can handle more transactions per second and therefore has faster confirmation times. This is especially beneficial during times of high network congestion when Bitcoin transactions can experience delays and higher fees. Bitcoin Cash's lower fees also make it a more cost-effective option for users who frequently make transactions. However, it's worth noting that Bitcoin still has a larger user base and wider acceptance, so it may be more suitable for certain use cases.
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• Diwakar GuptaApr 12, 2024 · a year ago
  Bitcoin Cash and Bitcoin have different transaction speed and fee structures. Bitcoin Cash has a block size limit of 8MB, allowing it to process more transactions per block and achieve faster confirmation times compared to Bitcoin's 1MB block size limit. This means that transactions on the Bitcoin Cash network can be confirmed more quickly and with lower fees on average. However, it's important to consider that Bitcoin has a larger user base and more widespread acceptance, which can make it a more convenient option for some users. Overall, both cryptocurrencies have their own strengths and weaknesses in terms of transaction speed and fees.
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