Published on November 14th, 2017 | by bitcoin0
Bitcoin trading above $6600,while bitcoin cash has successfully hard forked
The latest news coming from the fintech world is that the first offshoot of Bitcoin – Bitcoin Cash – has successfully hard forked thereby shifting to a new software protocol that aims at reducing the mining difficulties.
This was one of the major reasons we witnessed huge fluctuations in the prices of Bitcoin and Bitcoin Cash.
While Bitcoin prices plummeted by more than 30%, on the other hand, Bitcoin Cash touched its all-time high of $1953.
This occurred due to miners shifting hands from Bitcoin to Bitcoin Cash.
Note that the new software protocol after the hard fork still keeps the rules of creation of Bitcoin Cash intact!