Still king of the mountain... for now!
On August 1st a small percentage of bitcoin miners have now officially forked to create a different version of Bitcoin that has been named Bitcoin Cash (BCH) splitting the blockchain into two separate entities.
The fork has not hurt Bitcoins price, infact it has helped it to rise steadily and the new Bitcoin Cash has sky rocketed in the last 2 days.! The new bitcoin cash token now has it's own set if rules and in some ways is technically superior to the original Bitcoin and on a whole seperate blockchain.
Some exchanges have said the group of miners and developers have created an alternative network to prove that bigger blocks can increase network capacity and realworld usability.
They have effectively forked Bitcoin's existing software and transaction history to give every Bitcoin holder FREE new cryptocurrency tokens.
Some experts are even predicting that in the long term the new BCH tokens could surpass Bitcoin in market value due to it's future advantages in full scale adoption.
Have your say, do you think BCH will become the new King of Cryptocurrency in the future? Only time will tell?
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Good Post keep it up.
Thanks for the conference boost 😊 🕺
Most exchanges offered equivalent bcc as held bitcoins. Would be interesting to see what happens from here on. As of yet, bcc cannot be sent between wallets. Early days.
Very early days indeed, I wonder what the future will bring 🤔
Depends on who is behind BCC(BCH).......
Good point 🤑