💥 As If Their Blocks Where Not Big Enough Already
Bitcoin cash first forked from bitcoin just a few months ago because of issues with availability on bitcoins network.
Their solution?
A bigger block size that could hold more transactions.
But how many transactions did it actually hold?
Bitcoin can manage about 7 transactions per second
Bitcoin Cash with a larger block size can manage 61 transactions per second.
Not a real big spread there if you compare it with other cryptos or even Visa which has more then 24,000 transactions per second!
So whats in Bitcoin Cash fork coming up?
You guessed it an even bigger block lol From 8MB all the way up to 32 MB
Uhhh guys seriously hate to tell you this but this is not the way to fix the transaction issue and seriously makes me laugh how completely stupid this has become.
However the positive things that are coming from the fork are smart type contracts for bitcoin cash, if then statements however these could very well be a major security risk and leave it open for attack and exploit. As a QA engineer myself everything might look awesome and ready to rock on the test bed but once you launch it to the world the shit hits the fan 9 times out of 10 no matter how much testing you have done.
The only real question I have next is what will the two coins be called once this fork happens and what wallets are going to support it?
From what I can see here, 99% of the BCH blocks are under 500kb in size. So where does the need for 32mb blocks come from? Something I'm missing?
I think the BCH community misses a lot lol
Yes it really is a joke, upgrading 8 MB blocks that they are able to fill with 100 KB to 32 MB. Also, the op-codes are taken out BTC for a reason, good luck Bcash LOL.
Lightning Bitcoin is the new Bitcoin Cash!
https://steemit.com/bitcoin/@michiel/bitcoin-lightning-is-the-real-bitcoin-cash-bcash-is-slow-and-expensive
Handling 24,000 transactions per second like Visa with a big blocks solution would require 3.4 Gigabyte blocks transmitted over slow internet connections such as those behind China's firewall in much less than 10 minutes. See the problem? Plus, the blockchain would become so bloated and big only huge (centralized) companies would be able to do so in, easy to take down, datacenters. Bitcoin Cash is a dead end evolutionary path, the allucigenia sparsa of crypto...
I think BCH is just doing it to pump up their price as the trend has been to buy assets that are forking.
I can totally agree with that just to get some headlines again and capitalize on forking yet again. I always said they where a shady bunch they really are
Wonder if it is worth it to wait to get the coins and sell both. Or wait to bitcoincash increases before the fork and sell at a decent rate. Ended up with a tiny sliver of bitcoincash when bitcoin forked. Decisions, Decisions, Decisions. Thanks for the information in your post.
@bitcoinflood this is why you buy a car with good fuel economy. In times of low prices, it costs very little to operate (freeing up cash flow), and high fuel price periods are manageable.
Enter the Hummer crowd that pay a lot when fuel prices are low, and have to mortgage their house to pay for the high fuel prices just to get their kid to school. Moral: Just because you can, doesn't mean you should.
per second 60 transaction, its huge.
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