Bitcoin breaks in two and bitcoin cash is born

Yesterday August 1 was a key day for the future of Bitcoin. The quintessential cryptocurrency had been going for several months with considerable uncertainty, something that greatly hurts the market. Finally, yesterday a decision was announced with which they seek to end the doubts that have arisen.

Bitcoin is split in two and Bitcoin Cash is born

One of the solutions to the problems has been the creation of Bitcoin Cash. It is a split from the original virtual currency. It was born in response to the changes that arose at this time, which led some to create their own version of Bitcoin. But the future of this new division is in the hands of users.

Bitcoin and Bitcoin Cash: Uncertain Future

Logically, the arrival of this new cryptocurrency brings changes. The original coin now adopts a new system called Segwit2x. Thanks to this system, the management of transactions is transferred outside the blockchain. Therefore, in this way, problems should be solved in the face of the increasing number of operations carried out with the currency.

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In the case of Bitcoin Cash, the solution for its viability and acceptance among users is to use larger blocks on the blockchain. An idea that had previously been raised to be used in the original coin. But, given the lack of support, it was eventually dismissed.

The truth is that the arrival of this new virtual currency greatly complicates the situation. Bitcoin had been in trouble for a while and with a very uncertain future. The world of cryptocurrencies in general. But this decision does not appear to be helping, at least at first glance, to reduce such uncertainty. It seems to only increase it. So we will see what happens in the coming weeks that become crucial.