Bitcoin History in the making on 1 August 2017 – The Bitcoin Blockchain is about to fork creating two cryptocurrencies – Bitcoin with SegWit and Bitcoin Cash, without SegWit.
Basically, anyone with Bitcoin in their personal wallet will receive the same amount of Bitcoin Cash which they will have to split once they decide to trade.
Some of the benefits of Bitcoin Cash are faster and cheaper transaction times as well as Replay and Wipeout Protection and a new SigHash Type, part of the replay protection technology, basically a new way of signing transactions.
Some exchanges will not be supporting Bitcoin Cash and it is advised that you do not keep your bitcoins on any exchange during this time and always. If your bitcoins are on an exchange that does not support Bitcoin Cash, then you will not be credited with these new coins.
It is best practice not to keep your Bitcoins on an exchange wallet but rather to keep them safely offline where you own your private keys – Click Here
Watch this short video explaining what Bitcoin Cash is. Will you be supporting it? Leave your comments below.
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