The price of the new currency known as Bitcoin Cash is already 732.87 dollar on Bittrex!. Bitcoin has split into two in an event known as a “hard fork” that has divided the virtual currency’s and the online community behind it.
The price of the cryptocurrency has fallen slightly to around $2,700 (£2,000) after the fork. Bitcoin Cash, meanwhile, got off to a slow start as traders waited for the first transactions to be put onto the network.
What just happened?
Last week, key miners and developers of bitcoin agreed to adopt a new way of operating the cryptocurrency: because the technology is open source, changes are made to its underlying code if agreed by a consensus of users.
The Segwit2x, has gradually been adopted by key players in recent days and appeared to avert a “civil war” over how to move forward.
However, a rival system has gained traction in recent days called Bitcoin Cash. The new system was launched on Tuesday.
Here is the full article:
http://www.telegraph.co.uk/technology/2017/08/01/bitcoin-cash-everything-need-know-bitcoins-hard-fork/
meep
For how much it will rise-up ???
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