Bitcoin splitted into BTC & BCC with different USD value
A little after 8AM ET today, Bitcoin was split into Bitcoin Cash, an alternative cryptocurrency, in a chain split that had been anticipated for months. The split, called a “hard fork,” comes out of a bitcoin group’s desire to combat high transaction fees and a bitcoin size limit that made mining larger blocks invalid.
This has a nuanced implication for Bitcoin owners. If you own Bitcoin and control your private keys, the same private keys can be used to spend your newly minted Bitcoin Cash.
If you own Bitcoin but don’t control the keys, then it depends on whether you’ve chosen to keep your bitcoins on a Bitcoin Cash-friendly platform or digital wallet. Each platform is treating the new Bitcoin Cash differently. To enjoy this extra currency, you should check with your platform and wallet to see what the company policy is.
THE WORLD’S MOST POPULAR CRYPTOCURRENCY EXCHANGE HAS REJECTED THE NEW BITCOIN CASH
As a prelude to the split, Bitcoin trading platforms like CEX.io suspended Bitcoin withdrawals beforehand. CEX.io will allow both cryptocurrencies and split the coins for its customers. CEX.io chief marketing officer Eugene Kovalyk says, “Whether we will list Bitcoin Cash as a new trading pair depends on the demand. If demand is big we should consider adding it definitely...No one should lose Bitcoin Cash on our platform.”
Meanwhile, the world’s most popular cryptocurrency exchange, Coinbase, has rejected the new Bitcoin Cash to some customers’ chagrin. It argues that their systems can’t support Bitcoin Cash without a major system rework that is currently not worth the unknown value of Bitcoin Cash. A spokeswoman for CoinBase says, “If this decision were to change in the future and Coinbase was to access Bitcoin Cash, we would distribute Bitcoin Cash to customers associated with Bitcoin balances at the time of the fork. Coinbase would not keep the Bitcoin Cash associated with customer Bitcoin balances.” The exchange allowed a brief window of time before August 1st for users who wished to access Bitcoin cash to withdraw their funds from Coinbase.
thx for sharing
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STOPHappy for the awards and encouragement
Thanks for the heads up.
Good to know
take this currection Bitcoin cash is BCH not BCC. o.k. BCC is bitcoin connet
@jimucheon,Looks like you are an advocate for bitcoin connect or probably you ve got some money there,a coin despite on the coin cap is barely noticed,its stakeholders and developers have got work to do
I mean BCH the new bitcoin version
The problem is from the new version of Bitcoin. Bitconnect already uses the ticker BCC. That's the brand name for their token. The miners agitating for a new version of Bitcoin should have done their homework properly before using another token's ticker
Thanks for the information
Col
Great info
Sticking with btc for now.