Bitcoin splits in 2

in #bitcoin • 7 years ago

FINANCE

Bitcoin splits in 2
Frank Chaparro 14h 214,857
Bitcoin
Bitcoin-themed balloons at the "Inside Bitcoins: The Future of Virtual Currency Conference" in New York.Reuters/Lucas Jackson
Bitcoin power brokers were unable to come behind a single solution that would have preserved a unified cryptocurrency by Tuesday morning's deadline.

As such, the digital currency has officially forked and split in two: bitcoin cash and bitcoin.

Miners were able to seek out bitcoin cash beginning Tuesday morning, and the cryptocurrency-focused news website CoinDesk said the first bitcoin cash was mined at about 2:20 p.m. ET.

"There seems to be some technical issues that might be slowing it down, but yes, the fork has happened," Peter Borovykh of Blockchain Driven, a blockchain technology company, told Business Insider earlier on Tuesday.

Miners are the folks who solve complex computer problems using software to unleash digital coins into the market. It took a couple of hours after the official fork for miners to unlock the first bitcoin cash coins

#news #hard
7 years ago in #bitcoin by
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