BTC=$6 BCH=$0.20

BCH=$0.30

BTC=$40

$76M

$2.5M

8MB

1GB

transactions waitingto be confirmed

111,599 December 28, 2017

Bitcoin was designedto be used as"electronic cash"

Bitcoin allows cheap money transfers,instant confirmations,

and no limitations on minimumor maximum transaction amounts.

The transactions are recordedon the blockchain,which is maintainedby decentralized mining nodes.

Due to internal debateswithin the community,

the "legacy" Bitcoin chainmoved away from the original

vision of the Satoshiwhite paper.

Its blocks remain capped at 1MB,causing network congestionand transaction processing delays.

With a 1MB block size limitevery 10 minutes, the legacy chain

can process 3-7 transactionsper second.

In comparison,the global VISA network averages2,000 transactions per second,and can reach 56,000 transactionsper second during peak periods,like Black Friday.

The solution is simple:increase the block size.

There have been effortsto raise it to a modest 2MB.

There were other, more controversial proposalsthat sought for technical changes

such as splitting signature datafrom transaction data to save space—

also known as Segregated Witness (SegWit).SegWit was activated in August 2017.

But the legacy Bitcoin networkdid not scale bigger and faster.It slowed down with backlogsof transactions that take hours to confirm.As of Dec. 28, 2017,there are 111,599 transactions waitingto be confirmed on the network,which has a 92-minute average confirmationtime.

transactions waitingto be confirmed

111,599 Decemeber 28, 2017

And cost high feesto process

Tired of waiting for the now-SegWit Bitcoin (BTC) chainto scale bigger and faster, proponents of big blocksforked off onto a new chain and producedBitcoin Cash (BCH)

A new digital currency that continuesthe original vision of Bitcoin

as a peer to peer electronic cash system.

With an initial default block size of 8MB,BCH is able to process 2 millionto 8 million transactionsper day, or an equivalentof 23-92 transactions per second.

The results demonstratethat the network

can scaleto compete directly

with mainstreampayment processors

A 2017 JPMorgan report found that merchantacceptance of BTC had declined.The reason is obvious: transaction feescontinue to rise on the legacy chain.In fact, gaming distributor Steam already stoppedaccepting BTC payments because its transactionfees went from $0.20 in 2016 to $20in early December 2017.

During the U.S. Black Friday shopping sales (Nov. 23-24, 2017),Amazon processed 12.7M transactions. On those dates,

If Amazon accepted BTC for its 12.7M transactions,fees would have reached $76 million;

but with BCH, fees would only be $2.5M––

BTC transaction fees averaged

$6BCH transaction fees averaged

$0.20

When BTC was trading at over $15,000, a block on the legacy chain was minedwith 2,335 transactions and 13.01 BTC in fees—which means the total transaction fees chargedfor this block was around $200,000or over $85 per transaction on average.

BTC's fees are currently at $40 level,which is still no matchfor Bitcoin Cash whose averagetransaction feesremain firmly at $0.30 level.

Simply put, the Bitcoin Cashchain provides bigger blocks

for more transactions, faster speedand lower transaction fees.

In a Bitcoin Cash world,merchants will pay

far lower transaction feesthan on today’s payment card systems,

and with instant paymentconfirmations on the blockchain,

chargebacks will create significantlyless financial exposure.

And these are the keysto move eCommerce

to bCommerce(BITCOIN COMMERCE).

There are 111,599 transactions waiting to be confirmedon the BTC network, which has a 92-minute average confirmation time.

32MB

That's not enough to rival VISAor Mastercard speed—yet,

but developer groupsare targeting a

32MB blocksize forthe May 15, 2018

protocol upgrade

If 1GB is not enough,how about 1 million megabytes?Lokad founder Joannes Vermorelexplained in a new paper how1TB blocks are viableon the BCH chain, notingthat a terabyte block addedevery 10 minutes can containabout 4 billion transactions,or 7 million transactionsper second.

Another protocol upgrade will happenon Nov. 15, 2018, and will see theBCH block size increasingfurther.

Meanwhile, the Gigablock Testnet Initiativeby Bitcoin Unlimited and blockchain

technology research and developmentoutfit nChain has successfully tested

blocks of up to 1GB in size,which would enable throughput capacityof over 10,000 transactions per second,

or up to 864 million transactions per day.

1TB

and could be as low as $250Konce Bitcoin wallets are reconfigured for BCH.

$250K