01 Aug '17, 2pm

Bitcoin Is Forking, but Bitcoin Cash Hasn't Been Created Yet

The split of the bitcoin blockchain has begun. Earlier today a subset of bitcoin's miners began operating a different software in order to create a competing cryptocurrency called Bitcoin Cash. The move would effectively find a minority of users forging ahead with their own blockchain, one that shares a transaction history with bitcoin. As previously reported, Bitcoin Cash – which raises the size of the network's transaction blocks while doing away with other capacity upgrades – is being advanced as an alternative to existing scaling efforts . Some of those who backed prior efforts aimed at raising the block size have since moved to support Bitcoin Cash . Yet the split is far from complete. The divergence started at approximately 12:37 p.m. UTC, according to data from BTCForkMonitor.info, when the network reached block 478,558. It's here that Bitcoin Cash needs to process ...

Full article: https://www.coindesk.com/bitcoin-forking-bitcoin-cash-has...

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news.yahoo.co.jp 01 Aug '17, 3pm

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