Ethereum Price Surges Past $200 as Bitcoin Judgment Day Arrives

Sky's the limit for ethereum miners

That means investors who now rely on some Bitcoin currency exchanges and virtual wallets will be unable to take advantage of the offer unless they switch to alternative providers.

"A Bitcoin block was just mined that's invalid for Bitcoin Cash nodes!" Block 478558 was the last common block found and the next event will be the first Bitcoin Cash big block found which could take some time depending on hashrate. In fact, the split was mostly seen as a benefit, since it allows bitcoin owners to double their coins by claiming BCC tokens for free.

Kraken said that it's working on crediting accounts with bitcoin cash, and that its site's login function is down due to heavy traffic.

Bitcoin was created by a pseudonymous coder (or coders) known as Satoshi Nakamoto, who released the software that powers the currency in 2009. This will slow down the bitcoin blockchain significantly. Computers dubbed "miners" keep the ledger updated by adding to the sequence of "blocks" that make up the blockchain as new transactions take place.

"Our policy is to support only one version of a digital currency". Bitcoin users are unhappy with the slowness of the platform but disagree over how to fix it. This applies to all transactions - so transactions that move coins from addresses created before and after the fork will be protected.

While bitcoin remains below an all-time high of more than $3,000 hit on July 11, it has been in a general uptrend since a recent bottom on July 16. If the proposed modification is not accepted by a vast majority of miners and users, but is nonetheless accepted by a substantial population of participants in the network, it will cause a fork in the blockchain to develop, resulting in two separate cryptocurrencies, as has happened in other networks such as Ethereum, which ked to Ethereum and Ethereum Classic.

Fears of a chain split in the bitcoin payment system triggered heavy volatility earlier this month, with uncertainty growing ahead of the August 1 "hard fork" deadline.




Bitcoin prices are holding steady after a splinter group within the cryptocurrency community broke off and formed their own secondary version of the digital asset, NBC News reported. But others will not.

"If you want access to Bitcoin Cash, please remove your bitcoins from your Zebpay wallet to a wallet in which you control the private keys on or before 31st July". The actual bitcoin cash coins do not exist yet, so we shouldn't extrapolate too much from the week that bitcoin cash futures were trading on ViaBTC.

The profit will have to come from somewhere and in this case, it will most likely be from bitcoin itself.

"Although the Bitcoin Cash fork is expected to be minor, it may be successful", the announcement said. "The crucial part is the amount of economic interest in this new currency", says Sirer. Bx.in.th, Thailand's largest bitcoin exchange, wrote in a blog post that it will not support BCC, calling it "simply an attempt at manipulating the situation in order for the promoters to gain more real Bitcoins".

Bitcoin Cash is not worth the same as bitcoin.

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