Hey everyone, I'm relatively new to bch and still learning

Question

Hey everyone, I'm relatively new to bch and still learning

about it.

Can someone explain to me when the BCH Blockchain gets as much adoption as BTC, how the transaction fees will remain low? Thanks

#bch #bitcoincash #cryptocurrency #english

0

02.04.2024

12 ответов

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Ryan Автор вопроса

Steve
BCH has larger blocks so they can store more trans...

Can the BTC blocks be updated to be larger?

0

6 месяцев назад

matricz

BTC decided to restrict its blocksize limit to an artificially small number. Back in 2015, Steam accepted Bitcoin for buying games (directly, no payment processor), but when the blocks started to fill up, Steam spent lots of resources on user support of Bitcoin payments. It has always been the roadmap to increase the blocksize, and it was the logical thing to do back then, but a handful of powerful guy (that took money from TradFi) opposed this. This is the reasong BCH was created. In may we are getting a "dynamic" blocksize limit - it will increase with usage, automatically.

0

6 месяцев назад

matricz

Ryan
Can the BTC blocks be updated to be larger?

Technically, there is no reason this can't be possible. BTC supporters have been convinced that big blocks are bad, tho, so I don't see it happening.

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6 месяцев назад

matricz

Earlier today, I was doing some performance testing on a RaspberryPi4 computer (google it up if you're unfamiliar). It can handle several time the troughput of PayPal (which is some 600 transactions per second)

0

6 месяцев назад

Cheapy 🪐🌭

Ryan
Can the BTC blocks be updated to be larger?

Technically yes. Socially no. If you want to find out why go to r/bitcoin on reddit and ask the question. What happens next may surprise you.

0

6 месяцев назад

matricz

Cheapy 🪐🌭
Technically yes. Socially no. If you want to find ...

Teaching people the HARD way, lol

0

6 месяцев назад

JF

Ryan
Can the BTC blocks be updated to be larger?

people wanted this for a decade. it didnt happen then and won't happen now because of Blockstream.

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6 месяцев назад

bitcoincashautist

we could do 200x BTC with fees still being low https://twitter.com/bchautist/status/1737464178955227547

0

6 месяцев назад

Shadow Of Harbringer 👁️🧀

bitcoincashautist
we could do 200x BTC with fees still being low htt...

Стикер

0

6 месяцев назад

Shadow Of Harbringer 👁️🧀

bitcoincashautist
we could do 200x BTC with fees still being low htt...

I mean it can be done without changing the base fee at all. Just change the unit for now, so we can quickly simply adjust the final amount later

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6 месяцев назад

Shadow Of Harbringer 👁️🧀

bitcoincashautist
we could do 200x BTC with fees still being low htt...

Best would be to change the fee basing on some kind of USD/BCH oracle, but no oracle can be trusted with such an important parameter, so better just to leave it as it is... ...until one day somebody maybe invents something better than fixed TX fee A way to calculate the min fee by somehow guessing how high are real world prices without using price oracles would be great (and genius)

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6 месяцев назад

Steve · Accepted Answer

Steve

BCH has larger blocks so they can store more transactions per block. Because there is less competition for a place in the block the fees are lower. Additionally BCH still has 0-conf so it's safe to make small transactions even if they aren't in the next block.

0

6 месяцев назад

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Hey everyone, I'm relatively new to bch and still learning

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