Bitcoin: Recap of the blockchain’s big split

Source: CoinDesk

“It wasn’t the first attempt to fork the bitcoin blockchain, but it was certainly the most memorable. As reported earlier today, Bitcoin Cash, a new cryptocurrency, was created when a group of miners ‘forked’ from the main bitcoin blockchain — in short, they switched to a new, incompatible software that changed the rules by which the network would function. Over the course of the day, miners backing the project succeeded in officially branching off, ultimately adding blocks to the separate blockchain, and in the process, building what they believe could come to be a growing economy centered around its development.” [editor’s note: The original Bitcoin block chain no longer exists. There are TWO forks in play. One, still calling itself BTC, is forking in one direction (“Segwit 2x”), Bitcoin Cash is forking in another (massive block size increase) – TLK] (08/01/17)