The Bitcoin community is criticizing Bitcoin Cash (BCH) again. The new wave of criticism started after finding out that the new, larger blocks of Bitcoin Cash do not fulfill the promises of their developers.
Ben Verret, which calls himself a software lawyer, analysed Bitcoin and Bitcoin Cash blocks and came to the conclusion that the Bitcoin blocks, despite being smaller, are verifying more transactions than the Bitcoin Cash blocks, which are larger.
The concept of large blocks that would enable better scalability of the Bitcoin network was the main reason to support Bitcoin Cash. Larger blockchain blocks would enable more transactions to be verified at the same time, which in turn would bring faster and cheaper transactions.
However, according to Verret and some other people, the larger blocks offered by Bitcoin Cash are not successful because the smaller Bitcoin blocks process more transactions than the bigger BCH blocks in the same time period.
Verret concluded: “The larger blocks failed.”
Despite the Verret’s analysis, the price of Bitcoin Cash went up considerably in the last few weeks, mostly thanks to the drop of Bitcoin caused by regulatory turmoil in South Korea, the world’s largest cryptocurrency market.
On the other hand, one of the biggest advocates of Bitcoin Cash, Roger Ver, claims the current version of BCH is able to handle all of the Bitcoin Core and Ethereum transactions combined without any problems. Furthermore, Ver said in a recent tweet: “Bitcoin Cash, unlike Bitcoin Core, is both a medium of exchange and a store of value.”
