Quick guide to Bitcoin Cash gambling
First there was Bitcoin, and - not too long after - Bitcoin Cash (BCH) emerged right from the BTC network. In August 2017, a fundamental disagreement within the Bitcoin community about how to address issues of scalability led to what’s called a ‘hard fork’, or a split on the blockchain.
This split resulted in the creation of BCH, an entirely new cryptocurrency that increased the block size limit of the blockchain. Leading the BCH charge were Roger Ver and Jihan Wu, and we have them to thank nowadays when playing at the top Bitcoin Cash casinos.
Bitcoin Cash initially increased the block size from 1MB to 8MB, and later to 32MB. This significant increase allows for more transactions to be included in each block, reducing the time players end up waiting for transactions to be confirmed.
The larger block size also means lower transaction fees. Bitcoin, with its smaller blocks, often experiences congestion, leading to higher fees as users compete to have their transactions included in the next block. BCH, on the other hand, rarely experiences such congestion, which allows fees to be kept lower.
BCH rarely experiences congestion like Bitcoin, which allows fees to be kept lower.
If you’re after a specific comparison, at the time of writing, the average transaction fee for BCH is typically around a few cents, whereas Bitcoin’s fees can range from a dollar to $10 and more.
Because it’s easier, and cheaper to buy BCH than BTC, this made the crypto instantly popular for gambling. It is especially ideal for players who are not used to handling large amounts of digital currency, whether due to a low bankroll or due to inexperience with crypto. Put simply, it makes more financial sense to buy a very small amount of BCH, say, every week, than doing the same with BTC. The same applies to other currencies, such as when playing at Ethereum casinos, which also suffer from high transaction fees.
If you’re the kind of player who prefers making small deposits regularly, playing at a Bitcoin Cash casino works out very well.
So, if you’re the kind of player who prefers making small deposits regularly, playing at a Bitcoin Cash casino works out very well. There have been many Bitcoin vs Bitcoin Cash debates, but at the end of the day, BCH always works out cheaper and faster. While it may not have the same level of market capitalization or recognition as Bitcoin, these practical advantages make it a popular choice with players.