Bitcoin Civil War: Bitcoin vs. Bitcoin Cash

 SegWit opponents are to launch a user-activated hard fork (UAHF) to create Bitcoin Cash
01 August 2017   2434

Distributed database that is used to maintain a continuously growing list of records, called blocks

Hardly had the UASF been successfully activated, new threat looms over it. 

The Bitcoin blockchain may be just hours away from its major fork: SegWit opponents are to launch a user-activated hard fork (UAHF) to create Bitcoin Cash, a cryptocurrency competing with Bitcoin. 


Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

Bitcoin Cash is to activate new rules that aim to boost transaction capacity by increasing the block size to 8MB, removing Segregated Witness (SegWit) and "breathing new life into Bitcoin".

Since Bitcoin Cash is forking the Bitcoin blockchain, most Bitcoin holders will automatically receive an equal number of Bitcoin Cash, as Bitcoin Cash team reports. 

According to the Bitcoin Cash website, the following exchanges have announced they will credit Bitcoin Cash to traders holding Bitcoin:

Exchanges supporting Bitcoin Cash Exchanges supporting Bitcoin Cash

On top of that, despite the fact that the actual Bitcoin Cash coins do not exist yet, ViaBTC enabled traders to trade its futures under symbol "BCC' by temporarily freezing their BTC balances on the platform:

Bitcoin Cash price chart fon ViaBTC Bitcoin Cash price chart fon ViaBTC

Whether or not the miners will get behind Bitcoin Cash remains to be seen. In any case, the event we are lucky to observe right before our eyes is one of the most important in Bitcoin history as well as in entire cryptocurrency history.

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.