Popular cryptocurrency surpasses $5,000 – Bitcoints

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Published on October 13th, 2017 | by bitcoin

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Popular cryptocurrency surpasses $5,000

The Bitcoin community faces ongoing acrimony over how to scale the Bitcoin network.
A contentious fork split the Bitcoin network in two in August, and there might be another schism in the Bitcoin community come November.
EnlargeCoinschedule A healthy ICO market creates demand for Bitcoin because Bitcoin is often used as an intermediary currency for token sales.
The August fork split the Bitcoin network in half, creating a new cryptocurrency called Bitcoin Cash that was a perfect copy of the original Bitcoin network—including its transaction history.
Anyone who owned one Bitcoin before the fork owned one Bitcoin after the fork and one unit of Bitcoin Cash.

Source: Arstechnica.com



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