August 2nd Hard Fork Special- Bitcoin Splits Into Bitcoin Cash & Bitcoin Core

newsbtc | August 2, 2017 | 12:37 pm

August 2nd Hard Fork Special- Bitcoin Splits Into Bitcoin Cash & Bitcoin Core

newsbtc | August 2, 2017 | 12:37 pm

Bitcoin has been split into two separate cryptocurrencies after a rival version of the software forced a hard fork. So let’s take a closer look. Yesterday, Bitcoin rallied before the split, climbing over $2,900. It then fell and settled around the $2,700 level where it still remains. Many were expecting prices to drop dramatically but, surprisingly, this didn’t trigger a steep selloff yet as investors still remain hopeful that one version will garner more network acceptance. The main bitcoin system has been upgraded to SegWit2x while the new cryptocurrency is being supported by only a few exchanges. This way, bitcoin can be able to handle more transactions but many can’t help but worry about incompatibility issues

   

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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