On August 1st it’s likely the Bitcoin blockchain will split into two factions as the result of an upcoming “user-activated hard fork”. Essentially this means anyone who possesses keys to bitcoin will have access to the second chain and its associated token called ‘Bitcoin Cash’ (BCC). However, people will still have to wait for software providers, exchanges, wallets, and other third party support to utilize BCC to sell, trade or keep them.
As of right now, a few days before August 1, there are many bitcoin businesses explaining their plans for a possible fork. Some companies plan to deal with both chains, while some will only support the bitcoin (BTC) protocol. Most non-custodial wallets will provide infrastructure for the BCC chain, and there are exchanges that will list it as well. So there will be various methods for people to access the BCC chain and many people are preparing for this event right now.
