Bitcoin price down after Bitcoin fork
- Bitcoin is trading down 4.5% Wednesday following a split in the cryptocurrency's blockchain network.
- Bitcoin gold, the new digital coin formed by the split Tuesday morning, follows the bitcoin-bitcoin cash fork in August.
- The project website for bitcoin gold is down following a DDoS attack, according to cryptocurrency watcher CoinDesk.
- The bitcoin community is split over whether forks are good or bad for bitcoin.
As reported by cryptocurrency watcher CoinDesk, bitcoin gold officially split from the bitcoin network Wednesday morning.
Bitcoin, the red-hot digital currency up more than 400% this year, was trading down 4.42% Wednesday morning after the blockchain network underpinning the coin split again.
"Instead of scaling bitcoin to support more users, bitcoin gold tweaks bitcoin in an effort to 'make bitcoin decentralized again,'" CoinDesk reported.
The new cryptocurrency is a clone of the original bitcoin blockchain, but it will play by different rules than the original digital currency.
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