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Monday, July 31, 2017

Will Bitcoin Cash Impact the Bitcoin Price? Traders Split on Possible Fork

Will Bitcoin Cash Impact the Bitcoin Price? Traders Split on Possible Fork

Bitcoin traders may soon be able to bet on their preferred version of the blockchain.


As if a years-long debate over the network's technical roadmap wasn't dramatic enough, Tuesday could see yet another twist in bitcoin's scaling debate. That's when a group of miners and developers say they will go as far as to create an alternative network to prove bigger blocks are the best solution for increasing network capacity.


Called Bitcoin Cash (BCC), the effort will effectively fork bitcoin's existing software and transaction history, and in the process, give every bitcoin user new cryptocurrency tokens on a new blockchain with different rules.


Should users own 2 BTC, this means they'll now be able to claim 2 BCC on the Bitcoin Cash blockchain, a move that could generate millions of dollars in new value for traders.


Full story at http://bit.ly/2hfXfwu


Source: CoinDesk


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