Tag: bitcoincash
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Eric Lombrozo: “Both Technical and Legal” Action Ready for Lack of Bitcoin Replay Protection
In Bitcoin, a replay attack is the ability to re-use transactions from one chain on another. There are methods of preventing this, and Bitcoin Cash was able to implement them. Yet, for whatever reason, proponents of the Bitcoin New York Agreement coin, dubbed Segwit2X, do not want replay protection when their proposed hard fork takes…
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Bitcoin Cash Block Production Accelerates as Mining Difficulty Adjusts
After a slow start, blocks on the newly launched bitcoin cash blockchain are now being mined more frequently. When the cryptocurrency originally split from the main bitcoin blockchain earlier this week, blocks were crawling in, with the first one taking about five hours to find and another taking nearly 13 hours. This came as no surprise to many, since…
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Bitcoin Soars to $3,200 in New All-Time High; Bitcoin Cash Drops to Fourth
The price of bitcoin has exceeded its previous all-time high of $3,000, soaring to $3,200 for the first time. Figures from Coinbase show the market started moving around 03:00 a.m. when bitcoin’s price climbed above $2,900. At 10:30 a.m., bitcoin recorded a new historic high when it reached $3,200. Today’s new high pushes the the…
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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,…
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Voorhees Decision Will Not Affect Shapeshift.io Support for Bitcoin Cash
Erik Voorhees, ShapeShift CEO, has announced that he plans to divest all his Bitcoin Cash tokens as soon as he gets hold of the new cryptocurrency during the scheduled Bitcoin platform split on Aug. 1. Following Voorhees Tweet, some were quick to confirm whether the decision affects how his company will treat Bitcoin Cash, to which the company responded:…
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Bitcoin Cash Futures Plunge as UAHF Approaches
We are now less than 24 hours away from the start of the latest Bitcoin Civil War. On August 1, shortly after 12:20 pm UTC, segwit opponents will launch a user-activated hard fork (UAHF) to create Bitcoin Cash. The creators of Bitcoin Cash believe support for segregated witness was a mistake – and a diversion from…
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Startups Brace for Bitcoin Cash Fork in Wave of Policy Updates
What should we do about Bitcoin Cash? That’s the question facing industry startups, as it seems likely that a group of developers and miners might actually fork from the main bitcoin network next week, forming a brand new cryptocurrency. Due to differences in opinion about how bitcoin should be governed and what technical features should be…
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Bitcoin Cash: Why It’s Forking the Blockchain And What That Means
By Alyssa Hertig Bitcoin’s scaling debate finally seems to be shaking out, but some users aren’t happy with the results. After a few years of debate, it was perhaps to be expected that at least some were going to come away empty-handed. Controversial scaling proposal Segwit2x tried to remedy this by joining two code change ideas –…