A couple of weeks ago, I wrote an article about the congestion in the Bitcoin Network.
A week later, the mempool and the unconfirmed transactions that piled up over days just seemingly cleared up in an instant.
I want to know the effect of Bitcoin Cash's Emergency Difficulty Adjustment (EDA) on Bitcoin (BTC) and Bitcoin Cash (BCH). The discussions between BCH fans and BTC fans are quite polarised and there's a lot of insults going around. It is hard to get a handle of what is really going on.
DISCLAIMER: None of this is financial advice specific to you. I could be wrong so you have to do your own research to find out what's best for you.
TOPIC: Bitcoin | Bitcoin Cash | Bitcoin Death Spiral
Bitcoin is around its highest valuation but there is a worrying trend. Bitcoin's Network is getting really congested. There are currently 85900 Unconfirmed Transactions. The following shows the aggregate size of transactions waiting to be confirmed.
From a user's perspective, I would want cheaper transaction costs if I were to use a cryptocurrency to buy a good or a service or even maybe another cryptocurrency.
I would also want that transaction to be approved quickly.
If we compare Bitcoin (BTC) with Bitcoin Cash (BCH), here is what we see:
TRANSACTION FEES OF BITCOIN AND BITCOIN CASH COMPARED
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