Bitcoin Cash Just Mined its First Block, Making Blockchain Split Official

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An effort to produce an alternative variation of the bitcoin blockchain is formally continuing.

After facing roadblockstoday, miners had the ability to effectively produce a block on a brand-new blockchain, called BitcoinCash, at approximately 2: 14 p.m. ET today. The relocation successfully discovers the miners breaking away from the primary bitcoin network and advancing with a different technical roadmap

The block in concern was mined by mining company ViaBTC, inning accordance with a Bitcoin Cash block explorer hosted by information companyBlockDozer ViaBTC later on acknowledged the finding on Twitter and WeChat.

All in all, the occasion came almost 6 hours after block 478,558– the point at which miners tried to begin the separation.

Network information reveals that the Bitcoin Cash block included 6,985 deals, with a block size of 1.915MB– almost double the size of this criterion on the initial chain. The information point is noteworthy considered that Bitcoin Cash was developed to increase network capability by using a blockchain with a bigger block size.

According to CoinMarketCap, the cost of Bitcoin Cash is trading at approximately $219on Cryptocurrency exchange Kraken. The exchange’s leading market, for the BTC/BCH trading set, is reporting more than $3m in volume given that launch.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake inKraken

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