比较 Bitcoin Cash (BCH) 与 Monero (XMR) Coin

Introduction

In the crypto sphere, Bitcoin Cash (BCH) and Monero (XMR) stand out for extremely different reasons. While they aim to improve Bitcoin’s original idea, they take the exact opposite approaches. In this guide, we’ll compare Bitcoin Cash (BCH) vs Monero (XMR) by exploring their origins, technologies, use cases, and crypto ecostructure functions. Whether you’re evaluating potential investments or want to learn the strengths of each, this comparison will give you precise insight.

Origin and Development History

Bitcoin Cash emerged in 2017 from the aftermath of a hard fork of Bitcoin (BTC), taken by a group of miners and programmers who were dissatisfied with Bitcoin’s block size limitation being inhibitive of its future growth for everyday transactions. BCH was positioned to process higher volumes of transactions per block so as to minimize fees and increase velocity. BCH itself has fragmented in the long term — most notably the Bitcoin Cash ABC and Bitcoin SV forks — as development roadmaps are still at odds.

It was launched in 2014 as a fork of Bytecoin, the first cryptocurrency of the CryptoNote protocol. Since its launch, the core mission of Monero has been the provision of financial privacy through strong encryption and obfuscation approach. Unlike Bitcoin Cash, whose core mission is to focus on usability and fast processing, Monero has always been focused on anonymity and untraceability.

While the two projects seek to advance Bitcoin, where BCH favors usability and scalability on a daily basis, XMR is committed to privacy and untraceability.

Core Technology and Consensus Algorithms

Bitcoin Cash inherits the same design as Bitcoin with a Proof-of-Work (PoW) system of consensus based on the SHA-256 hash scheme. Its main technological difference is the increased block size (originally 8 MB up to the current maximum of 32 MB), so its network could handle larger numbers of transactions per block and thus drive fees lower. BCH is compatible with the majority of Bitcoin tools and also has several new additions to the protocol in order to transact more efficiently.

Monero uses Proof-of-Work but is founded upon the RandomX hash scheme, with ASIC-resistance as its aim. This places all miners in the same ballpark and benefits the CPU and GPU miners. That is less important than the knowledge that Monero has privacy features integrated into the protocol itself: Ring Signatures, Stealth Addresses, and Confidential Transactions. These allow you to make it essentially impossible to track coins and attach them to someone.

While BCH aims to be a faster, cheaper Bitcoin alternative, XMR introduces a privacy-first framework that intentionally obscures transaction data.

Privacy and Transparency

Privacy is where the distinction between BCH and XMR is most sharply defined.

Bitcoin Cash is open-source. Like Bitcoin, its every transaction is accounted for in the public ledger from where anyone can browse. Though it is pseudonymous, it cannot prevent blockchain analysis from linking addresses to the end-users in the long term.

Monero, meanwhile, is perhaps the most secretive cryptocurrency out there. Its default privacy setting dictates that every amount in a transaction and every sending and receiving address remain invisible to the public eye. These aspects make it the first choice of users who place great stock in anonymity, be it for personal, commercial, or ideological concerns.

In this sense, Monero is the polar opposite of BCH. If you care most about privacy, then the answer is clear with XMR.

Use Cases and Real-World Applications

Bitcoin Cash comes as a peer-to-peer electronic cash system and promises to offer the original Bitcoin promise. It is applied for everyday payments, tipping, and merchant settlements. Services like BitPay accept BCH, and it is also accepted by select shops and physical stores as well. Fast confirmation and minimal fees enable BCH to become an eminently viable option for microtransactions.

Most characteristically, of course, Monero is used in privacy-sensitive situations — such as protecting financial data, sending payments in politically charged regions, or avoiding the attention correlated with transparent blockchains. It is also commonly transacted on darknet markets, to the degree that it has been the focus of regulatory scrutiny, but also among privacy-conscious individuals who don’t want their financial activities broadcasted.

So, BCH is considering mainstream usability and XMR satisfies niche market demand for financial privacy.

Wallet Support and Accessibility

Its broad integration with other wallets (hardware – Ledger, Trezor; mobile – Trust Wallet, Edge; and web) and the fact that it is integrated with Bitcoin-enabled infrastructure makes its integration process very easy. Moreover, most of the large exchanges also have Bitcoin Cash listed, so its accessibility is also very high.

It has less wallet support since its encryption is of higher difficulty. Popular wallets include the official GUI and CLI Monero wallets, Cake Wallet, and Monerujo. There is hardware wallet support but less widespread and integrated as with BCH. There are also some exchanges that have delisted XMR due to regulatory concerns, reducing its accessibility in chosen areas.

Ease of accessibility and usability clearly benefit Bitcoin Cash, with Monero being more complex and perhaps harder to buy or sell in most marketplaces.

Security and Network Resilience

These two coins possess decent security but with differing methodologies.

Bitcoin Cash also relies on an enormous mining network to secure its blockchain. While BCH has a lower hash rate than BTC, it still benefits from the advantages of retaining a decentralized mining system and proven and tested consensus system. However, the low hash rate of Bitcoin Cash compared to Bitcoin makes it potentially more at risk of 51% attacks, especially in low-use scenarios.

Monero’s RandomX mining system also incorporates security by not permitting the centralization of mining. Its privacy features provide another level of security by masking the action of the user. While transparency is also Monero’s weakness — should there be an abuse of the privacy system through the application of a bug, the abuse could go unnoticed longer than it would with clear blockchains.

Security-wise, it is simpler to verify and audit BCH, and XMR is mainly focused on private protection at the expense of complexity.

Pros and Cons

Bitcoin Cash (BCH)

Pros:

• Faster and cheaper payments

• Broad interchange and card acceptance

• Intuitive user experience for payments

Cons:

• Transparent blockchain (without privacy)

• Lower hash rate than Bitcoin

• Forks before this have fragmented community trust

Monero (XMR)

Pros:

• Default privacy and untraceable payments

• ASIC-resistant mining

• Active community of privacy advocates

Cons:

• Dexterous wallet setting up and management

• Minimal liquidity in the regulated exchanges

• Regulatory difficulties created by anonymity

Frequently Asked Questions (FAQ)

Is Bitcoin Cash better for day-to-day payments than Monero?
Yes. BCH is less costly, faster to transact, and generally accepted by merchants. Monero prioritizes anonymity over convenience.

Can I remain anonymous with BCH?
Not entirely. BCH is public and can be traced but is pseudonymous. For anonymity, it is best to use Monero.

Is Monero easier to buy than Bitcoin Cash?
Saturn coins are less expensive to buy. Bitcoin Cash is also easier to buy from the majority of global exchanges. Monero is occasionally banned or off-limits in some nations due to privacy concerns.

Does the two coins allow mobile wallet?
Yes, but BCH has wider support. There are XMR wallets available but could demand higher technical knowledge.