BTC AND BCH WILL PIGGYBACK OFF EACH OTHER

BTC AND BCH WILL PIGGYBACK OFF EACH OTHER

BTC is marketed as a storage of value(digital gold). BCH is marketed as a peer-to-peer electronic cash system. The two biggest differences between both of these are the blocksize and transaction fees. Fees • BTC: The cost to transfer $100,000 could be anywhere from around $3 to $10 or more, based on current network conditions and your urgency for confirmation. • BCH: For the same amount, you could expect to pay a fee that's just a few cents to a dollar or two, making it significantly cheaper for large transfers in terms of transaction cost. Blocksize • BTC: Has a block size limit of 1 MB, which was intended to keep blocks small and promote off-chain scaling solutions like the Lightning Network for better scalability. This has resulted in higher fees during network congestion. • BCH: Increased its block size to 8 MB initially (now effectively up to 32 MB with the introduction of adaptive block size limits), aiming for on-chain scaling to allow more transactions per block, thereby reducing fees and increasing transaction capacity. If BTC sticks to their blocksize and fees, their will be a market for people to use BCH for day to day purchases. BTC will be used by the ultra wealthy for big purchases, SBR(Strategic Bitcoin Reserve)and BCH will be used for day to day micro transactions. The only way I see this not working out is if BTC does a change to their blocksize reducing the transaction fees or if the Lightning Network is actually successful. I welcome anybody to destroy my argument or a subject matter expert on the Lightning Network to chime in.

submitted by /u/WordHour493 to r/btc
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Quelle: bitcoin-en