Well sort of. Bitcoin is splitting into two coins, Bitcoin Cash (BCC) and Bitcoin Core(BTC). Bitcoin Core will retain the name of Bitcoin and the BTC ticker, for now from what I understand. Now an exchange, ViaBTC, is allowing it's users to obtain Bitcoin Cash (BCC)by making a Bitcoin deposit and thereby freezing it on the ViaBTC Exchange platform. The original BTC deposit will be returned to the user on August 1st when the actual hardfork occurs. Seems worth maybe risking a small amount of Bitcoin, huh? Maybe not!
This seems to be a way for ViaBTC to cash in on the " forking" hype because anyone can export a backup of their current Bitcoin wallet and use it on a UAHF-compatible wallet on August 1st and obtain an equivalent amount of BCC on their own without freezing funds on ViaBTC. It is interesting to think of the huge risk this exchange is taking by selling a coin that doesn't exist yet!
Anyone mining Bitcoin in the mining pool will automatically switch to mining BCC on August 1st at 12:20 (UTC Time).
screenshot taken - 7:30 p.m. 7/23/17
Basically the powers that be are forking it to get the bitcoin they want. Big blockers are focused on bringing Nakamoto’s roadmap to life and small blockers focus on creating something very new, yet quite similar to the current financial system.
The market will then determine at some future point which is best: peer-to-peer digital cash, or a payment network with an unusable blockchain for ordinary bitcoiners and with intermediary bitcoin banks. Let the competition begin!
OR
Who will ultimately retain the 51% mining support?
#bcc
#bitcoincash
#viabtc
#hardfork
