SegWit vs. Bitcoin Cash: What more is used?

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The world’s largest crypto trading platform BitMEX to in a report of the use of the two competing Bitcoin-models SegWit and Bitcoin Cash. The analysts note that the majority of the selected Option SegWit still ahead by a nose. The trading volume of Bitcoin to Cash is growing.

The direction of the dispute within the Bitcoin Community thought the crypto-scene in the years 2016 and 2017, permanent. Wanted to the one side of the scaling problem with the SegWit Update and a long-term Second-Layer-approach solution, advocated the opposite side for an extension of the block size. Until recently, it had been attempted, with compromises such as SegWit2x the Load together and prevent a breakup of the Bitcoin Community.

However after in August of 2017, ultimately, the inevitable Hard Fork was conducted, not from the crack of the dispute thread. Just it was now no longer a dispute within the Bitcoin Community, but a fight for the sovereignty of interpretation between the two newly created Camps. In the heart of the debate between the representatives of Bitcoin (with SegWit), and Bitcoin is Cash for the user-friendliness is mostly on the Basis of a good scalability.

BitMEX: SegWit used more often

BitMEX, the crypto-trading space with the world’s largest traded volume, both scaling solutions in its latest report . Is considered to the one of the proportion of SegWit transactions on the Bitcoin Blockchain, on the other, the number of transactions with SegWit and Bitcoin Cash. The authors of the report come to the conclusion that once a majority of the Community preferred solution dominates.

SegWit Transaction Volume:

Since the Chain Split the SegWit adaptation is growing slowly but steadily. The Chart indicates the daily Bitcoin transaction volume, is always in an upward trend. So we can conclude that SegWit now a good 50 percent of all daily Bitcoin transactions. In the long run SegWit seems, therefore, to enforce.

SegWit vs Bitcoin Cash:

While the number of SegWit and Non – SegWit transactions are moving on the Bitcoin Blockchain, so to each other, Bitcoin Cash behind it. Average daily transaction volume of Bitcoin Cash about ten percent of Bitcoin transaction volume. The Bitcoin Cash performed “stress tests” in August and September, however, provide an outlier to the top and distort slightly the image. At the time, was the Bitcoin’s Cash network with a number of transactions tested and held.

The stress test makes the comparison of the cumulative transaction volume is noticeable. It can be seen that Bitcoin Cash was better out of the starting blocks as SegWit. This can be explained, however, with the slow initial adaptation of the SegWit Updates in the case of Bitcoin transactions. In the course of the year 2018 SegWit managed, however, with a constant increase in the transactions are significantly down. Only in August and September, the Bitcoin-to-Cash transaction, exploded in volume and literally made it in one jump, to the number of SegWit-transactions to unlock. A total of nearly 22.1 million SegWit since the Hard Fork transactions made, the 18.9 million Bitcoin-to-Cash transactions.

Conclusion

In the overall analysis can conclude, therefore, that both payment methods will be well received. The proportion of SegWit transactions in Bitcoin, and thus also the average daily transaction volume rises by a constant. Bitcoin Cash to a pronounced volatility in the day-to-day application and thus has no clear growth curve. In addition, the stress test distorted the number of transactions carried out in favor of Bitcoin Cash. More than a year after the Chain Split the SegWit warehouse is currently, so as a (small) winners.

BTC-ECHO

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