News From The Crypto Currencies Scene

Bitcoin Fork Hits The Market Giving Rise To Bitcoin Cash

Bitcoin Fork Hits The Market Giving Rise To Bitcoin Cash

The Bitcoin miners in a bid to create a new version have Bitcoin forked as on August 1 at 1:20 p.m. BST, creating Bitcoin Cash ( BCC) by splitting the blockchain into two today.

According to Bitfinex, Hong Kong-based cryptocurrency exchange, though, the fork would create new token ‘Bitcoin Cash’, but it will affect the Bitcoin balances.

According to CoinDesk, some miners and developers created an alternative network to prove bigger to increase the network capacity.

Here is how the trading looked after a few minutes of the forking impact on the prices of Bitcoin and Bitcoin Cash:

According to CoinDesk,  Just after 10 minutes of forking Bitcoin Cash was trading at $262.30 and later Bitcoin cash was trading currently at $314.88 (at 2:05 p.m. BST), rising steadily. The Digital currency which was trading earlier today after rising steadily at $2817.79 dropped to $2757.06.

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