Published On: Thu, Aug 31st, 2017

CEX.IO After the Hard Fork

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As you well know, on August 1st, 2017 a hard fork occurred with Bitcoin that led to the creation of a new cryptocurrency. This cryptocurrency is being referred to as Bitcoin Cash which is represented by the BCH symbol.
This hard fork in Bitcoin means that a lot of changes have occurred in both currencies. There was an internal debate over what should be done in the future to handle the scaling issues in Bitcoin, and now it seems that a split into two different coins is the best way to proceed.

Background of the Split
The debate within the Bitcoin community was largely centered on how to handle the issue of scaling Bitcoin. There were two potential ways proposed to scale the coin: increase the block size or speed up transactions. The creation of BCH increases the block size which means more transactions can be done on one block, which is approximately 10 minutes.
BCH is referred to as Bitcoin Cash because of this feature. If you want to be able to pay for small transactions like coffee, then there needs to be a big enough block to support that. Previously, there was an issue with these small transactions because with …

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