Bitcoin Cash / BCC surged 15% during the last 24 hours.
It has been trading at 0.06318 BTC or 6,318,000 PND.
Bitcoin Cash (BCC / BCH) is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Also BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.Bitcoin Cash is a proposal from the viaBTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split BCH for the customer.
This coin can be traded on HitBTC, BitTrex, Bitfinex, Poloniex, Binance, Kraken, Tidex, Yobit, Liqui, Zaif, LiveCoin, Cryptopia, Novaexchange, TheRockTrading, Gatecoin, Bleutrade, WavesDEX and BTER cryptocurrency markets.
What are your thoughts on Bitcoin Cash / BCC and its outlook for the future?
Leave your thoughts on Bitcoin Cash / BCC in the comments below.