Friday, 21 February 2020

Nice way to visualize Bitcoin Cash's improvements over BTC

Nice way to visualize Bitcoin Cash's improvements over BTC

I was looking at charts today and noticed an interesting relationship.

https://preview.redd.it/4foc88c3f8i41.png?width=877&format=png&auto=webp&s=54fe357ac299f1cc40806f2dd0d1c34dc29a5ce8

Over the past 2+ years, the daily average size of BCH blocks varies quite a bit, from as small as 5k to as large as 8MB.

https://preview.redd.it/zfpq7es6f8i41.png?width=877&format=png&auto=webp&s=fc9d8628cd670dbeddb4ba81cd707bd0261392f6

Unsurprisingly, the daily average number of BCH transactions varies quite a lot as well: from 3k to 2.5 million(!). But comparing the BCH plot with the BTC daily average blocksize plot, it hovers right near 1MB. And average number of BTC transactions only varies from 100k to 300k. This is because BTC chain cannot handle more transactions due to the ridiculously limited blocksize and the marginally useful Segwit "scaling solution".

https://preview.redd.it/i4kfoukgf8i41.png?width=877&format=png&auto=webp&s=d54b3fcec4674110ded260d9d336db498b152d41

Now let's take a look at average fees for BCH versus BTC. The graph we see is the opposite of the blocksize and transaction charts - BTC fees swing wildly from 20x those of BCH to 6000x BCH!

I will leave it as an exercise to the reader which coin has the healthier blockchain. Hint: If you use one of these coins, you will never know how high your fee will be, how long your transaction might take to confirm, and your transaction could even fail completely.

submitted by /u/wtfCraigwtf
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source https://www.reddit.com/r/btc/comments/f77x6a/nice_way_to_visualize_bitcoin_cashs_improvements/

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