- 24.02.2020

Difference between btc and bch address

difference between btc and bch addressWe break down the difference between bitcoin and bitcoin cash, and Overview · How Bitcoin Works · Why Do Bitcoins Have Value? Below, we'll take a closer look at how bitcoin and BCH differ from one another. They felt as though SegWit2x did not address the fundamental problem of scalability in a. BTC and BCH can occasionally share an identical address format (Legacy address format), it is possible to accidentally send a Bitcoin Cash (BCH) transaction.

Difference between btc and bch address

In difference between btc and bch address : Bitcoin Cash e11c Difference between btc and bch address websites could well use a few more public contributions kraken bitstamp and gemini keep going, but their donation pages often only list PayPal, Patreon or bank account details, and are missing cryptocurrency donation options.

If you have a site and are wanting to accept cryptocurrency, you may be wondering which is better to accept: Let me explain in a simple way: When someone sends either of these two cryptocurrencies, they have to pay a "network fee" to the respective currency network BTC or BCH.

That difference between btc and bch address, it costs difference between btc and bch address almost difference between btc and bch read article extra money to make a BCH donation to you.

Difference between btc and bch address

The reason https://tovar-review.ru/and/eos-worldwide-scam.html this difference in fees is that BTC takes difference between btc and bch address approach of limiting the amount of transactional capacity, which can cause fees to increase sharply when the network is congested.

Whereas on BCH, the goal is to have enough capacity for transactions such that congestion should almost never occur, keeping the fees for difference between btc and bch address very low.

Difference between btc and bch address

That means more of the money ends up in your pocket as a receiver. So which is better?

Difference between btc and bch address

In my opinion, BCH is much go here suited for donations, as people will be much happier to donate - even small amounts - if they do not lose much money to fees.

If you use that tool difference between btc and bch address the addresses above, you will see that they are in fact equivalent!

Difference between btc and bch address

When you are accepting Bitcoin Cash, e. This will prevent misunderstandings. Also, include the bitcoincash: prefix if the address is for Bitcoin Cash. That makes it quite unambiguous.

Difference between btc and bch address

Unfortunately, some sites which accept Bitcoin Cash still display legacy addresses. When you see them, it's best to politely remind the site operator to update the displayed address to avoid any confusion.

Difference between btc and bch address

Please point them at the converter tools I linked above!

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