- Increased block size: Bitcoin Cash increased the block size limit from 1 MB to 8 MB (and later to 32 MB) to allow for more transactions to be processed per block.
- Faster transaction times: With increased block size, Bitcoin Cash aims to process transactions faster than Bitcoin.
- Lower transaction fees: Bitcoin Cash has lower transaction fees compared to Bitcoin, making it more accessible for microtransactions.
- Different mining algorithm: Bitcoin Cash uses a different mining algorithm called SHA-256, which is the same as Bitcoin’s, but with some adjustments.
- Smart contract functionality: Bitcoin Cash has implemented smart contract functionality, allowing for more complex transactions and applications.
- Competing philosophy: Bitcoin Cash has a different philosophy than Bitcoin, focusing on being a fast and reliable peer-to-peer electronic cash system rather than a store of value.
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