frozenmail.net
frozenmail.net October 21, 2017


Bitcoin fork commences, first BCC block yet to be created

03 August 2017, 01:30 | Virginia Santiago

Bitcoin Cash Price Surges Despite Lack Of Support In Cryptocurrency Community

Bitcoin Split Highly Likely

Meanwhile, the world's most popular cryptocurrency exchange, Coinbase, has rejected the new Bitcoin Cash to some customers' chagrin. He maintains optimism in his Tweets, mentioning that this is a fascinating period in cryptocurrency, and that they are waiting for the first block from Bitcoin cash.

The bitcoin network can only support around seven transactions per second, compared with thousands per second piped through conventional financial networks such as Visa.

"For merchants, if Bitcoin Cash is very successful, there could be a short term reduction in transaction capacity in the current network, as miners shift their hardware to process Bitcoin Cash transactions".

Since the launch of Bitcoin cash, other exchanges have said they will support it, and so it seems to be gathering momentum. Since they are not happy with the proposed improvements to the currency's technology, they have initiated whats known as "Bitcoin Fork" that is set to be activated on August 1.

But the price of bitcoin and that of bitcoin cash could start moving differently depending on their credibility, and trading volume and other factors at exchanges.

Palatinus described the fork as a "peaceful split", in which the people behind Bitcoin Cash made sure to add the proper digital protections to keep bitcoin and BCH transactions from mixing together after the fork. So basically if you have a balance in Bitcoin right now, then you would have the exact same balance in Bitcoin Cash. So, if you now own one Bitcoin, as of 5:20 a.m. PT on August 1 (assuming things go down as planned) you will own both one Bitcoin and one Bitcoin Cash (as long as you control your own private keys). And given its lack of support relative to Bitcoin proper, more pain could be on the way.

'Game of Thrones' Season 7, Episode 3: The Queen's Justice
Used to the devotion of the slaves she freed over in sunshine state Essos, needless to say Dany's not hot for Jon's icy standoff. Cersei enacts another sweet revenge as Jaime passes poisoned wine to Olenna Tyrell , the last of Daenerys' ally from Westeros.

Those who own bitcoin will continue to own the old version and also own the new "bitcoin cash."Some say the new won't hurt the old and those investors stand to benefit from speculative rallies following the fork".

Also, with August 1 being the scheduled activation date of BIP 148, all the above-mentioned exchanges have said that they will halt transactions on their platforms before midnight on July 31.

Bitcoin Fork: What Would Happen?

Bitcoin Cash will use bigger blocks within the blockchain.

Bitcoin users have found themselves in the middle of a fight between developers, who want to retain the blockchain that protects the cryptocurrency from hackers and miners who want to double the blockchain size to make the network faster. It's also possible to exchange bitcoin for USA dollars and other currencies. Blocks on bitcoin will take between 12-20 minutes.



Other News

Trending Now

'Game of Thrones' recap: "The Queen's Justice"
Afterward, he and Olenna had a very calm conversation where he talked about all the ways that Cersei wanted Olenna killed. So no, Jon's not going to bend the knee, and Dany's not going to give him dragonglass - at least not right away.

Cersei Lannister has a new ally as Game of Thrones heats up
If you have cable and are now subscribed to HBO, you can live stream Game of Thrones " The Queen's Justice " on HBO GO . I suspect it may be another Greyjoy (Victarion?) unless I'm just failing at placing the face.

Breastfeeding can boost economies and save children's lives
During breastfeeding, antibodies and other germ-fighting factors pass from a mother to her baby and strengthen the immune system. By six months, only 34% of UK babies are receiving any breast milk, compared with 49% in the United States and 71% in Norway.

Kohli confirms Rahul return, Mukund faces India axe
It was something Virat Kohli had echoed after the Galle win. "They are looking forward to this game", said the Lanka captain. He has made a habit of performing only when his place in the team is in danger, a frustrating conundrum for Indian fans.

Federal Realty Investment Trust (NYSE:FRT)
Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Empire State Realty Trust by 8.4% in the first quarter. BidaskClub lowered Empire State Realty Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, July 25th.

Bitcoin Has Split, What Now?
Ether, the digital currency that runs on the Ethereum network and is considered bitcoin's chief rival, rose 2.6% to $209.91. Hileman says the support for Bitcoin Cash is being driven by financial opportunism, with some seeing it as "free money".

Allow special counsel to finish essential job
If Mueller is fired, Republicans will quickly distance themselves from Trump , something they should have done long ago. Trump told The New York Times that if Mueller looks at anything involving his business dealings, "that's a violation ".

AMD's Siggraph 2017 RX Vega launch event footage is now up
There are also deals that involve a $200 discount for a Samsung monitor or a $100 discount on a motherboard package. And ultimately, bringing that sort of competition to the high-end of the graphics card market is only a good thing.

Dow tops 22000 as Apple rallies; euro strengthens
The euro, coming off its best month since March 2016, reached a new 2 1/2-year high against the ailing dollar. Automaker Ford (F.N) fell 2.41% and General Motors (GM.N) lost 3.39% after they reported lower monthly sales.

Facebook's AI bot spekas unknown language
Social media giant Facebook shut down an artificial intelligence program after it created its own language. And killer robots on a battlefield will always be a bad idea.