AP Explains: Threat of a bitcoin split avoided, for now - News Summed Up

AP Explains: Threat of a bitcoin split avoided, for now


On the eve of a major change in bitcoin, a threat of a split in the digital currency has been avoided — for now. A majority of "miners" — the core bitcoin users who verify bitcoin transactions around the world — has signaled support. And one proposal to launch an alternative currency, Bitcoin Cash, is sowing confusion and fears of scam trades. As of Monday the price of Bitcoin Cash futures was about one-tenth of bitcoin itself. Once Bitcoin Cash goes live Tuesday, people "will immediately sell it for bitcoin," he said Monday.


Source: ABC News July 31, 2017 18:55 UTC



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