BCH VS LTC

More than a decade ago Satoshi Nakamoto envisioned a new type of digital asset that would
revolutionize exchange of value. He called it Bitcoin, a digital currency that is not controlled or
influenced by any single entity. Blockchain technology made Satoshi’s visions a reality. It was a
decentralized, secure and transparent network of trust that powered bitcoin network. However, as the
network grew exponentially scalability became a major concern.

Finding a scalability solution is a challenging endeavor under a decentralized environment. This evolved
to what we call now the Blockchain Trilemma, a challenge for decentralization, security and scalability. It
is the difficulty of implementing an effective solution to one of these features without negatively
affecting the other. Even more challenging is to achieve consensus on one solution to address the
problem.

Some Bitcoin community members had the foresight to take action early on. This has lead to the
creation of alternative cryptocurrencies collectively known as Altcoins. In 2011, a computer scientist
from Google and Coinbase by the name of Charlie Lee created Litecoin. An Altcoin based on bitcoin’s
code with several modifications. These changes enabled it to achieve cheaper transaction fees and
faster transaction times while offering the same level of security bitcoin has to offer.

Six years later in 2017, through a contentious hard fork Bitcoin Cash (BCH) emerged. It was a result of a
disagreement within the bitcoin community to address the scalability issues of Bitcoin. For a time Bitcoin
Cash supporters have claimed it to be the real version of bitcoin and insisted to be called as such. Unable
to gain support from the majority of the bitcoin community it has relegated itself to be called Bitcoin
Cash.

Consensus protocol

Blocksize

TPS

Capacity

Community

Wallets

Exchanges

Additional features

Privacy

Colored coins