10 Aug '17, 3pm

What You Need to Know to Understand the Complicated Splitting of Bitcoin

The saga of Bitcoin, Bitcoin Cash and the Segwit2X fork is ongoing. Thus far, support for Bitcoin Cash has been divisive among the Bitcoin exchanges, but the tide seems to be turning. Bitfinex and Kraken, two of the top five exchanges (platforms for buying, selling, trading and exchanging cryptocurrencies) announced support in advance of the split. The big holdout had been Coinbase, the most popular online exchange, which had stated it would not support BCH -- until announcing it will add support by 2018. For those worried about how the fork would affect Bitcoin's market value, after a brief dip following the split, Bitcoin rebounded to set a new record. After breaking the $3,000-per-Bitcoin threshold, the original cryptocurrency has hovered around $3,300 to $3,400 this week.

Full article: https://www.entrepreneur.com/article/298555

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