Bitcoin cash is a forked project of bitcoin launched in August 1, 2017
Bitcoin cash (Bch) block chain got splited into two new chains after a hard fork.
This move affected the price of the project and price dumped from $255 to $240 a 5% drop within 24 hours.
The hard fork follows a major disagreement between two Bch clients Bitcoin Cash Abc (BCHA) and Bitcoin Cash Node (BCHN)
After BCHA put forward a Infrastructure Funding Plan (IFP) the proposal became largely in famous among bch community.
IFP plan is a scheme that will charge 8% tax from miners profits and use the funds to develop the network.
This proposal received alot of negative feedback from the Bch community as it will destroy the community's decentralized spirit.
Resulting a split between the block chain thru a the forking feature of bitcoin.
Many major crypto exchange already paused the deposit and withdrawal feature because of the fork.
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