My first proper post here. Still learning the ins/outs. Hope you guys like this. Not my own content, but this was recently in the news and since this community is somewhat related to a virtual currency, I thought this might be interesting :)
What is Bitcoin Cash (BCC/BCH) – How Does It Differ From BTC
On 1st August 2017, Bitcoin’s blockchain forked; meaning a different cryptocurrency was created called bitcoin cash (BCC/BCH), another peer-to-peer electronic cash. The symbol for bitcoin cash has not been agreed upon and some use BCC while others use BCH to denote bitcoin cash. The way a fork works is; rather than creating a new cryptocurrency (and blockchain) beginning at the first block, a fork simply creates a duplicate version that shares the same history. So all previous transactions on bitcoin cash’s brand-new blockchain are identical to bitcoin core’s blockchain, with future transactions and balances being entirely independent of each other.
For practical matters, all this implies is that everybody who owned bitcoin before the fork now has the same quantity of bitcoin cash that is recorded in bitcoin cash’s forked blockchain.
Source: What is Bitcoin Cash and How Does It Differ From BTC
P.S How do I make the image smaller?