Bitcoin splits in two

Follow The Money

https://www.businessinsider.com.au/bitcoin-price-fork-happens-2017-8?r=US&IR=T

Bitcoin power brokers were unable to come behind a single solution that would have preserved a unified cryptocurrency by Tuesday morning’s deadline.

As such, the digital currency has split in two: bitcoin and bitcoin cash.

“There seems to be some technical issues that might be slowing it down, but yes, the fork has happened,” Peter Borovykh of Blockchain Global, a blockchain technology company, told Business Insider.

“Bitcoin cash is here.”

Eric Voorhees, CEO of ShapeShift, a digital trading company, took to Twitter at around 9:30 a.m. ET to announce the fork this morning.

“Fork has happened,” he wrote.”Now awaiting first block from bitcoin cash. Regardless of opinions, this is very exciting/fascinating day in cryptoland.”

Supporters of the newly formed bitcoin cash (BCC) believe the currency will “breath new life into” the nearly ten-year-old bitcoin by addressing some of the issues that have underpinned the bitcoin (BTC) as of…

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