Bitcoin Cash: Why It's Forking the Blockchain And What That Means

Great articles on the forking that will occur in a few days and other options/ways to invest in bitcoin via Bitcoin Cash.

Bitcoin's scaling debate finally seems to be shaking out, but some users aren't happy with the results.

After a few years of debate, it was perhaps to be expected that at least some were going to come away empty-handed. Controversial scaling proposal Segwit2x tried to remedy this by joining two code change ideas – the code optimization Segregated Witness (SegWit) and a block size increase.Today, SegWit is just a couple of steps away from activating on bitcoin, but some bitcoin users are unhappy about the outcome.

Others who originally backed the Segwit2x proposal appear to be losing confidence in an eventual block size increase and are now taking matters into their own hands by making their own version of bitcoin – and they're doing so on a short timeline.

On August 1, at precisely 12:20 UTC, the group claims that they will split off from bitcoin, creating a new cryptocurrency called Bitcoin Cash.Developer Calin Culianu, who's contributing code to an implementation of Bitcoin Cash, is one user who doesn't like SegWit, suspecting that others feel the same way. 

For more information, check out the full article at - https://www.coindesk.com/coindesk-explainer-bitcoin-cash-forking-blockchain/

SOURCE: Coindesk


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