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It's probably so cheap because no-one wants to use a chain that is so susceptible to a 51% attack.
by ppf 7y ago
It's probably so cheap because no-one wants to use a chain that is so susceptible to a 51% attack.
- lawn 7y agoNo, it's so cheap because Bitcoin has full blocks and people have to outbid each other to get their transaction through. Bitcoin Cash could handle at least 20x the volume of Bitcoin, with the same low fees. It's not Bitcoin Cash that's special. It's Bitcoin, but in a bad way. Even Monero has very low fees with better capacity for example.
- ppf 7y agoIf that's the case, why is the transaction count per time period for Bitcoin Cash about 20% of Bitcoin's? On the other hand, it's a significant problem that Bitcoin Cash has about 2% of the hashrate of Bitcoin. Any sensible person would not put any significant value into Bitcoin Cash when such a small percentage of Bitcoin miners could reorg the chain.