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Bitcoin [BTC] and Bitcoin Cash [BCH] ‘who is better’ controversy

Simran Alphonso



Market Crash: Bitcoin [BTC] to fall below $6000?
Source: Pixabay

Bitcoin Core is known by its symbol BTC. Since the commencement of BCH, also known as Bitcoin Cash, the group has been bargaining laws. The question of ‘Who is better’ is something BCH has been fighting to prove to the crypto-world.

Satoshi Nakamoto is the creator of Bitcoin and has not been unmasked yet. Nobody knows his or her identity or origin.

Bitcoin tweeted:

“Current fees on the BTC network are 11,414x higher than fees on the BCH network.”

Along with this, the Bitcoin Cash’s team added an image:

Shaz Ahmed, a Twitter user commented:

“Bcos nobody is using your btrash. Fees is high on BTC bcos network is clogged.”

The image talks about the current transaction fee of Bitcoin and Bitcoin Cash. While BCH has a transactional fee of $0.001, BTC charges $10.11.

There’s a vast difference between 5.08T and 650.82G difficulty index of mining. As 1000 GH make 1TH, the difficulty level is way high for Bitcoin than Bitcoin Cash.

As observed, there’s a difference of 7127 ledgers in the block heights of Bitcoin Cash and Bitcoin. BCH has a Block height of 5,35,608 while BTC has a Block height of 5,28,481.

While Spartacus, another crypto-enthusiast commented:

“Can you change your twitter name to Bitcoin cash? Ur not bitcoin”

At the time of writing, BTC is traded at the price of $6785.69 while BCH is traded at $894.41 it ranks #4 while BTC ranks #1 on CoinMarketCap. BCH has a market cap of $15 billion while BTC has the high market cap of $116 billion. BCH and BTC both the coins are currently running green, with a hike of 3.56% and 4.62%  in their weekly cap.

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Bitcoin [BTC] will be vulnerable to quantum computing if we’re not prepared, says Andrew Poelstra

Biraajmaan Tamuly



Bitcoin will be vulnerable to Quantum Computing without preparation, indicates Blockstream Researcher
Source: Pixabay

Security is an important aspect of every crypto-asset and Bitcoin [BTC] is often dragged into debates on whether the blockchain is protected from hacks or vulnerable to certain technological developments.

In a recent episode of whatbitcoindid, Andrew Poelstra, the Lead Researcher at Blockstream, was asked about whether Quantum Computing was a genuine threat to the existence of some Bitcoin on the current blockchain.

Poelstra indicated that the threat was evident, but it was still a long way off from being practical in the current technological field. He mentioned that he expected quantum computing to come into play against the security of Bitcoin in “maybe less than 15 years” and said that he would be really surprised if “it was less than 25 years”.

Poelstra said that it was necessary to take actions in the current scenario for post-quantum systems because he believed that without any preparation for the impending technological aspect, it did not matter how the future rested. Without preparation, the community was going to be blindsided, he said.

He stated,

“It’s important now that we started working on standardization and exploring ideas and exploring what Bitcoin is going to look like in a post quantum world but in the current scenarios there were no candidates for post quantum schemes that would be reasonable to deploy them in a Bitcoin.”

The introduction of quantum computing in the cryptocurrency scenario was a topic which was widely debated among other personalities in the community as well. Mati Greenspan, a prominent eToro Analyst, had started earlier this year that the threat only existed to Bitcoin if quantum computing was available to only one person.

If people or users collectively upgraded to quantum computers, then the Bitcoin miners would upgrade among themselves to protect it from an alleged 99% attack, which is possible with a quantum computer.

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