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RE: I ran a test of Bitcoin vs Bitcoin Cash on FEES & TRANSACTION TIME
How did the transactions take so long? Did you use very small fees? Normally they should both confirm within 5 minutes, provided you use proper fees.
I didn't set fees manually. I didn't realize you could. How do you set the fees with platforms like, Coinbase, Bittrex, and Binance?
You can't set the fees with exchanges, you must do the test between to wallets, I recommend doing the experiment using two computers that you have with exodus.io downloaded and do a bitcoin and bitcoin cash transaction. Bitcoin cash will be just as fast as bitcoin but much cheaper but there is more to why bitcoin cash in the long run won't be as decentralized as bitcoin, which wasn't discussed in the interview and that was an in-depth explanation of block-size.
Unfortunately, they just have a standard deduction fee depening on the Currency you are moving, end result is that the recipient will received the total minus the deduction.
Got it
Besides, litecoin is multitudes faster than both bitcoin and bitcoin cash, at confirming transactions and with low fees comparable to bitcoin cash.
C'mon @davidpakman! You are the brand new star of steemit! Many people will read this post and therefore it is quite important that you state where you sent your transactions through..
You must send these from a wallet, as exchanges do not immediately process ANY request, and mostly they are totally shady in that regard.
You should state these things in your blog.. many newbies will get the wrong impression about this post!
You have to send from a wallet, and there are so many variables still..