01 Aug '17, 8am

Bitcoin Cash: Who Supports the Fork And Who Doesn't

The bitcoin blockchain may be just hours away from its first major fork. While the technical maneuver (explained in more detail here ) doesn't impact bitcoin itself, if implemented it will result in the creation of a competing cryptocurrency, Bitcoin Cash , with a similar transaction history. That said, Bitcoin Cash intends to activate new rules that are at odds with the bitcoin network, aiming to boost transaction capacity by increasing the block size to 8MB and removing Segregated Witness (SegWit), a long-debated code optimization that's likely to activate on bitcoin later in August. Warranted or not, some have been making a pretty big deal out of Bitcoin Cash's launch. But, just like every other cryptocurrency, the success of Bitcoin Cash hinges on how much support it gets from users, businesses and miners. And, so far, it might not have much. While it certainly has pas...

Full article: https://www.coindesk.com/bitcoin-cash-supports-fork-doesnt/

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