What are the main differences between the original bitcoin and the forked version?

1 answers

• Ely QJun 26, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the main differences between the original bitcoin and its forked versions are primarily related to scalability and governance. Bitcoin Core, the original version, has a smaller block size, which limits the number of transactions it can process per second. This has led to high fees and slower confirmation times during periods of high network activity. Forked versions like Bitcoin Cash and Bitcoin SV have increased the block size to accommodate more transactions and reduce fees. In terms of governance, Bitcoin Core relies on a decentralized approach, with decisions made through consensus among developers and the community. Forked versions often have centralized governance models, where a smaller group of individuals or organizations make decisions. These differences in scalability and governance have resulted in different visions and priorities for each version of bitcoin.
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