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Bitcoin doubled in 2020, causing a difference in fees and transaction speed

Bitcoin’s chain split into Bitcoin Core and Bitcoin Cash in 2017, splitting part of the community following disagreements over the property.

Proponents of large blocks desire faster transactions at lower costs. Those people turned onto the BCH side of the fork. Remainers favor Bitcoin Core, wanting to keep the block size smaller, in part to help BTC maintain decentralization.

The Bitcoin Cash community splits even further in 2020, as BCH continues to split into Bitcoin Cash and Bitcoin Satoshi’s Vision (BSV).

Roger Ver often makes arguments about transaction fees

A well-known name in the crypto industry, Roger Ver has argued repeatedly about fees and applicability, frequently lobbying that BTC is too slow, too expensive, and impossible to scale.

On April 7, a Reddit user named Braclayrab posted that: “If anyone on BTC wants to move their coins, it will take 165 days.”

“It’s been almost six months, which doesn’t sound crazy to anyone else.” Ver said in an April 9 video response to the Reddit post.

Users have seen similar difficulties near the peak of Bitcoin’s $20,000 rally in 2019 and early 2020, as transactions stalled amid soaring transaction fees. Ver often refers to the concept of Bitcoin Core as a slow and expensive network that looks to BCH as an alternative.

See more: Ethereum’s daily transaction level is on par with Bitcoin

In contrast, BTC advocates, such as programmer Jimmy Song, often refer to the other side of the issue, which is keeping BTC decentralized through smaller blocks.

Bitcoin Cash recently completed its halving about a month before Bitcoin’s scheduled May halving event. Follow primexbt exchange to update more interesting information