Bitcoin split called Bitcoin Cash has officially begun.

in #bitcoin6 years ago

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Yesterday afternoon (around 16:30), a new split called Bitcoin Cash was formed in the Bitcoin digital currency, an event that was predicted months ago. In a branch called "hard fork", a group of bitcoin miners decided to separate their path from the main Bitcoin database due to the high transaction costs and block size constraints.
Of course, this event will not have much effect on the current ownership of Bitcoin. If you have bitcoin and have private keys for sharing them, you can simply use the same keys to exchange Bitcoin Cash extracted.
However, if you own the Bitcoin but do not control the exchange keys in your hand, the new currency assignment will depend on your platform or e-wallet. At the moment, each platform applies its own policy towards BitcoinCache, so if you want to take advantage of this new digital currency, you must shrink the platform that is compatible with it.

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For example, one of the largest exchange offices Bitcoin, CEX.io, before the split, stopped all the perceptions, but now it allows the use of both currencies to customers.
However, the world's largest cybercurrency platform, Coinbase, still does not accept BitcoinCache and says it can not support the new currency without making any major changes to its network, while, given the uncertain value of the currency, Changes have no economic justification.
Earlier in the day, at 22:44, last night, the first Bitcoin Cash block was extracted. The size of this block was 1.915 megabytes and there were 6985 transactions in it. By extracting this block, the new digital currency will enter a new phase and continue to function as an official blockchain platform.