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It could eventually affect everyone. After the success of the new slot game, Play’n GO decided to go in a different direction with their next title release. It basically split off a new digital asset called Bitcoin Cash that will operate under rules different to the ones used by the original bitcoin currency....
Bitcoin Cash increases the limits to 8 megabytes – but that too could become a limiting factor in time. Many analysts suggest that the current price is not likely to hold steady.What happened on August 1, 2017, is that users activated a “hard fork” in the blockchain....
Now, after the fork, each blockchain can function with its own rules and a “civil war” may have been averted. Only 1 megabyte of transactions can be processed at one time on the blockchain of July 31, 2017. For people who use Coinbase nothing has changed....
The bitcoin community recently faced a critical moment with some in favor of the recent “fork” that forced the blockchain to split, and others vehemently set against it. It could eventually affect everyone. It was still an important development in the cryptocurrency sphere of finance that will have long lasting effects....
They want the network to be able to handle transaction more efficiently as digital currencies rise in economic importance.In other words, the hard fork created an opportunity for savvy and fearless investors to make a killing if they unloaded the new currency at its peak.The main reason given for bitcoin splitting is a matter of scale....
