Bitcoin
Coin.Dance — Bitcoin Cash and Bitcoin Comparison
Community-driven Bitcoin Statistics and Services
If you’re interested in comparing Bitcoin Cash and Bitcoin, you may find the domain Coin.Dance quite useful. The website offers valuable indicators and detailed comparisons between Bitcoin Cash and Bitcoin.
Coin Dance provides statistics and data from both networks, revealing the current competitive advantages of each cryptocurrency.
Not only that, but Coin Dance also provides information on transactions and blocks mined on both networks, halving data, as well as the current hash rate distribution.
This can be incredibly useful for anyone looking to compare the performance and scalability of Bitcoin Cash and Bitcoin. So if you’re interested in learning more about these two cryptocurrencies, cash.coin.dance is definitely worth checking out.
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Bitcoin Cash: Fees Lower Than $0.01
Bitcoin is at the time of writing 30,000 times (!) more expensive to use than Bitcoin Cash.
While the median fee hovers around $30, in the last few days we watch BTC fees skyrocketing and reaching even $70 on several blocks.
That’s $30 to $70 fees to transact with Bitcoin while just a tenth of a penny to send a transaction using the Bitcoin Cash network.
Bitcoin Cash fees are close to zero.
The electronic cash system Satoshi imagined, under the version of BTC has no use case with fees at $50, and it is expected this trend to grow a lot higher in the future.
Meanwhile, with just $0.001 fees, Bitcoin Cash is the real king in payments , also scaling for retail and merchant mass adoption.
Low fees and transaction speed are giving Bitcoin Cash a strategic advantage making it an ideal currency.
Bitcoin Cash is an advanced version of Bitcoin, the electronic peer-to-peer money that followed Satoshi’s intentions and delivers censorship-resistant instant payments with fees lower than $0.01.
Miners Allocate Hash Rate Mostly In BTC
Bitcoin Cash has an adaptive difficulty adjustment that changes every block, however the miners allocate most of their hash rate into BTC mining.
The price of BTC and the extraordinary high fees indicate higher profitability for miners, therefore Bitcoin (BTC) dominates in SHA256 hashrate.
Bitcoin Cash is still secure, but the hashrate follows the price and since 2017, the price of BCH has been advancing at a much lower pace than BTC.
Miner’s profitability will start increasing again for several reasons. Bitcoin Cash is actually used in commerce, and only lately institutions are doing their research on the differences in utility between the two Bitcoin versions.
We should expect this profitability to increase in the long term, if the pace of transactions on the BCH blockchain keeps increasing, which would also constitute a sign for the price to increase.
Daily Transactions
Probably the most credible indicator that also defines the network effect.
The daily number of transactions are on the rise for Bitcoin Cash, however, some platforms and businesses are also performing various tests at times, so the spikes do not align with organic transactions by end-users.
Nonetheless, we can definitely argue that daily transactions on Bitcoin Cash far exceed the price and hashrate ratio betweeen BTC and BCH.
Usage is not as far as the price and hashrate are, something worth considering since it only suggests that either the price of BTC is extremely overvalued or that BCH is undervalued.
In Conclusion
Coin.Dance offers some more statistics and information, and it has been a platform for extracting valid data over the years combined with more credible sources.
The website does not present fancy charts with top graphics, but anyone can utilize it to perform research and find details otherwise not known.
The future of cryptocurrencies lies in organic adoption, either online with platforms and e-commerce or with merchant and consumer adoption at physical shops. Idealy both.
This is a competition, and the Coin with the top features will be ahead.
The cryptocurrencies people select to use instead of fiat money in commerce and online platforms will be the winners.
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