A CDE Definition
In 2017, Bitcoin spawned a new cryptocurrency in order to support greater transaction volume and allow it to compete with credit cards. The block size in Bitcoin Cash is 8MB compared with Bitcoin's 1MB. On August 1, 2017, Bitcoin holders received one unit of Bitcoin Cash (BCH) for every Bitcoin they owned, and BCH rose to nearly USD $700 the next day. Within two weeks, BCH dropped to $300, but then more than quadrupled later in the year.
The Original Bitcoin Was Also Improved
Only a week after BCH debuted, a consortium of Bitcoin miners approved the Segregated Witness upgrade that made the original Bitcoin more efficient (see SegWit). Needless to say, both Bitcoin and Bitcoin Cash are going to have wild rides. Stay tuned! See Bitcoin Gold, Bitcoin mining and Bitcoin.
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