Bitcoin News 1 August 2017 – Bitcoin Hard Forks, Bitcoin Cash Created

Today is a momentous day for Bitcoin – the day that the UASF, User Activated Soft Fork, activated. The Bitcoin price almost touched $3000 but dropped down around $2700 a little later. The Bitcoin hard fork, MAHF, Miner Activated Hard Fork, occurred at 12:20 UTC – miners that are mining Bitcoin Cash created a transaction block greater than 1 MB in size and forked the Bitcoin network – the creation of Bitcoin Cash.   Bitcoin.com reported “This past March Bitcoin.com launched its mining pool which has garnered quite a bit…

Read More

What is Bitcoin Cash – BCC?

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…

Read More