HomeCryptocurrencyBitcoinBitcoin Cash Just Mined its First Block, Making Blockchain Split Official

Bitcoin Cash Just Mined its First Block, Making Blockchain Split Official

-

A controversial bitcoin spinoff called Bitcoin Cash has officially broken off from the main network, forging ahead with its own blockchain.

Nodes running Bitcoin Cash diverged from the network earlier this morning, but hit a quick roadblock given the absence of a larger-than-1-megabyte block to actually trigger the split.

The block in question was mined by 478,559, according to a Bitcoin Cash block explorer hosted by data provider BlockDozer. This came nearly six hours after after block 478,558 – which started the separation – was struck.

Network data shows that the Bitcoin Cash block contained 6,985 transactions, with a block size of 1.915 MB – nearly double the block size cap on the original chain.

According to CoinMarketCap, the price of Bitcoin Cash is trading at roughly $219 on digital currency exchange Kraken. The exchange’s top marketplace, for the BTC/BCH trading pair, is reporting more than $3m in volume since launch.

LATEST POSTS

Cyprus registers Binance as a cryptocurrency service provider.

Binance, a cryptocurrency exchange, will be able to provide services for virtual currencies in Cyprus as a result of the platform's recent registration with the...

More than 24,000 ATMs in Brazil will offer USDT through Tether and Smartpay.

Usdt, the largest dollar-pegged stablecoin on the market, was created by Tether, a company. Tether recently announced that more than 24,000 ATMs in Brazil will...

To solve the blockchain modularity issue, Celestia raises $55 million.

The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding...

Hong Kong considers removing the “Professional Investor-Only Requirement” and allowing retail investors to trade cryptocurrency.

Securities and Futures Commission (SFC) of Hong Kong's director of licensing and head of the fintech division both confirmed that the regulator is taking into...

Follow us

13,033FansLike
3,912FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img