Bitcoin Cash: Price of new currency skyrocket after the 'hard fork'
The price of the new currency known as Bitcoin Cash is already 732.87 dollar on Bittrex!. Bitcoin has split into two in an event known as a “hard fork” that has divided the virtual currency’s and the online community behind it.
The price of the cryptocurrency has fallen slightly to around $2,700 (£2,000) after the fork. Bitcoin Cash, meanwhile, got off to a slow start as traders waited for the first transactions to be put onto the network.
What just happened?
Last week, key miners and developers of bitcoin agreed to adopt a new way of operating the cryptocurrency: because the technology is open source, changes are made to its underlying code if agreed by a consensus of users.
The Segwit2x, has gradually been adopted by key players in recent days and appeared to avert a “civil war” over how to move forward.
However, a rival system has gained traction in recent days called Bitcoin Cash. The new system was launched on Tuesday.
Here is the full article:
http://www.telegraph.co.uk/technology/2017/08/01/bitcoin-cash-everything-need-know-bitcoins-hard-fork/
meep
For how much it will rise-up ???
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