Tag: Bitcoin

Bitcoin Announces Split Into User Activated Hard Fork ‘Bitcoin Cash’ On August 1

Bitcoin Announces Split Into User Activated Hard Fork ‘Bitcoin Cash’ On August 1

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Bitcoin's Split Into Crypto Currency Bitcoin Cash: Bitcoin recently announced its split into user activated hard fork called 'Bitcoin Cash' on August 1st, despite Segwit2x's current progress. This means all owners of Bitcoin (BTC)  at the time of the fork will now own Bitcoin cash (BCC). For example if someone had 10 Bitcoin earlier will now have 10 Bitcoin along with 10 Bitcoin Cash. By August 2, South Africa's leading Bitcoin exchanges, AltcoinTrader, already gave all clients holding Bitcoin their equivalent Bitcoin Cash. What is Bitcoin Cash? It is a cryptocurrency token due to user activated hard fork (UAHF) that will bifurcate the Bitcoin block chain into two branches. It came to existence as an answer to the years-long debate among the Bitcoin community regarding the