Bitcoin Cash Just Mined its First Block, Making Blockchain Split Official
An effort to create an alternative version of the bitcoin blockchain is officially moving ahead.
After running into roadblocks this morning, miners were able to successfully create a block on a new blockchain, called Bitcoin Cash, at roughly 2:14 p.m. ET today. As reported by CoinDesk, the move finds the miners breaking away from the main bitcoin network and forging ahead with an option supported by a different technical roadmap.
The block in question was mined by mining firm ViaBTC, according to a Bitcoin Cash block explorer hosted by data provider BlockDozer. ViaBTC later acknowledged the finding on Twitter and WeChat.
All in all, the event came nearly six hours after block 478,558 – the point at which miners attempted to start the separation.
Network data shows that the Bitcoin Cash block contained 6,985 transactions, with a block size of 1.915 MB – nearly double the size of this parameter on the original chain.
According to CoinMarketCap, the price of Bitcoin Cash is trading at roughly $219 on digital currency exchange Kraken. The exchange's top marketplace, for the BTC/BCH trading pair, is reporting more than $3m in volume since launch.
Este Post ha recibido un Upvote desde la cuenta del King: @dineroconopcion, El cual es un Grupo de Soporte mantenido por @wilbertphysique, @yoenelmundo y 5 personas mas que quieren ayudarte a llegar hacer un Top Autor En Steemit sin tener que invertir en Steem Power. Te Gustaria Ser Parte De Este Projecto?
This Post has been Upvote from the King's Account: @dineroconopcion, It's a Support Group run by @wilbertphysique, @yoenelmundo, and 5 other people that want to help you be a Top Steemit Author without having to invest into Steem Power. Would You Like To Be Part of this Project?
This post has been ranked within the top 50 most undervalued posts in the second half of Aug 01. We estimate that this post is undervalued by $9.75 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 01 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.