Shortly after 13:00 today, Greek time, Bitcoin split into two, and thus the Bitcoin Cash, an alternative currency, in a chain division predicted months ago.
The split is called "hard fork", although at the last minute it seemed to be avoided, eventually came from the desire of a bitcoin team to combat high transaction fees and a maximum bitcoin size limit which rendered the larger blocks unusable.
This has a subtle implication for Bitcoin owners. If you have Bitcoin and check them privately wrenches your, the same private keys can be used to spend your Bitcoin Cash as well.
If you own the Bitcoin but don't control the keys, then it depends on whether you have chosen to keep them bitcoins your on a Bitcoin Cash platform or digital wallet. Each platform treats the new Bitcoin Cash differently. To enjoy this extra currency, you should check your platform and wallet to see what the company's policy is.
As a precursor to the separation, Bitcoin trading platforms, such as the CEX.io, they suspended Bitcoin withdrawals in advance. CEX.io will allow both cryptocurrencies and split the amounts to its customers. The CEO of CEX.io, Eugene Kovalyk, states: “Whether we list Bitcoin Cash as a new trading currency depends on demand. If the demand is high we should consider adding it for sure... No one should miss out on Bitcoin Cash on our platform.”
Meanwhile, the world's most popular crypto exchange, the Coinbase, απέρριψε το νέο Bitcoin Cash λόγω καχυποψίας ορισμένων πελατών. Υποστηρίζει ότι τα συστήματά τους δεν μπορούν να υποστηρίξουν το Bitcoin Cash χωρίς μια σημαντική αναθεώρηση του συστήματος τους που επί του παρόντος δεν αξίζει για την άγνωστη αξία του Bitcoin Cash. Το ανταλλακτήριο επέτρεψε ένα σύντομο χρονικό διάστημα before 1th of August, for users who wanted to access Bitcoin Cash, to withdraw their money from Coinbase.
