After squabbling for years over how to fix the growing pains of the world’s first decentralized cryptocurrency, one of the sides in the ongoing Bitcoin Geek War has finally made a bold move.
This week, on August 1st, a small number of the “big blockers” performed a “hard fork” and broke away from the main Bitcoin blockchain, creating a new currency, “Bitcoin Cash“. This had the added benefit of giving everyone who already held Bitcoin an equal amount of the new Bitcoin Cash! Ever heard the phrase, “there’s no such thing as a free lunch”? Bitcoin’s first fork into two has proven that statement wrong. Read on to learn more about this historic week in Bitcoin. | More…
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