Bitcoin Cash Poised for Take-off

Blockchain, Event, FinTech, Innovation, Investing, News, Uncategorized | August 1, 2017 By:

An historic day for cryptocurrency has arrived, as the original cybercurrency, bitcoin, officially splits off into two separate blockchains and two separate coins.

The new arrival is Bitcoin Cash, whose futures are at the $346 per single-coin level this morning before the first block is mined, with close to $2 million in pre-sale volume, per the CoinMarketCap.com web site. The bitcoin split-off, which arrives because the decentralized community couldn’t reach a consensus on blockchain size, is not being traded on many exchanges or ATMs at the moment. The first BCC block is expected later today.

Bitcoin (BTC) was trading at the upper $2,600 level this morning, down slightly from the day before. Many exchanges and ATMs are not allowing transactions as they wait and see how the new cryptocurrency affects the market.

The split can be monitored at Bitcoinforkmonitor.info. The “size” column at Blockchain.info will also indicate whether the split has occured.

The Bitcoin Talk web site provided the following run-down of the known activity on the Bitcoin Cash split, which becomes active today:

Website: http://bitcoincash.org
Website of the node: https://www.bitcoinabc.org
Source code: https://github.com/bitcoin-abc
Reddit: http://reddit.com/r/Bitcoinabc
Forum: https://bitco.in/forum/forums/bitcoin-abc.25/
Spec: https://github.com/Bitcoin-UAHF/spec
Video presentation: https://www.youtube.com/watch?v=By0w43NQdiY
Chat Telegram: https://t.me/bitcoincashfork
Blockexplorer: https://blockchair.com/bitcoin-cash/blocks
Forum: http://www.bccforums.net

Exchanges (probable)
– https://www.viabtc.com/convert/bcc / https://www.viabtc.com/quot/realtime?currency=btc&dest=bcc&chart=simple
– http://www.okex.com
– https://www.livecoin.net
– http://bithumb.cafe

Pools:
– Viabtc: https://twitter.com/ViaBTC/status/888813075368886272
“Bitcoin Cash (BCC) mining pool is online now, still mining BTC befor 8.1 https://pool.viabtc.com/pool/bcc/home ”
– https://pool.bitcoin.com

Wallets:
– Full node: https://download.bitcoinabc.org/
– Electrum compatible fork: http://www.electrumcash.org/