A minority of bitcoin miners are ‘forking’ to create a new version of bitcoin, called Bitcoin Cash (BCC), splitting the blockchain into two. The fork has not affected bitcoin balances but it has created a new BCC token on a new blockchain, according to Hong Kong-based digital currency exchange Bitfinex. CoinDesk said a group of miners and developers are creating an alternative network to prove bigger blocks in a bid to increase network capacity. It said: “Called Bitcoin Cash (BCC), the effort will effectively fork bitcoin’s existing software and transaction history, and in the process, give every bitcoin user new cryptocurrency tokens on a new blockchain with different rules.”
Leave a Reply