Wednesday, 2 August 2017

Bitcoin splits as new currency takes off

A new version of Bitcoin has been mined for the first time in the crypto-currency's history.

Bitcoin Cash is the result of months of debate and development over how the currency would continue to evolve.

Fears of large swings in the value of Bitcoin have so far not been realised - but some exchanges are still adapting to the new currency.

One expert said the process had gone smoothly so far and pointed out that trade in Bitcoin Cash seemed "robust".

Bitcoin Cash was developed as a measure to increase the capacity of Bitcoin's underlying technology, the blockchain - a digital ledger that records every single transaction.

BBC    News.