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
After all the FUD, UASF turned out to be a non-event.
Now, we turn our attn towards Bcash, an altcoin trying to steal Bitcoin's brand.
— Charlie Lee (@SatoshiLite) August 1, 2017
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
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
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.