Bitcoin Cash’s sudden announcement on Saturday that they’ll go ahead with a fork on August 1 caught a lot of people, including myself, by surprise. In this article, I’m going to explain what Bitcoin Cash (aka BCC) is, how it affects you and how you should prepare for August 1.
What is Bitcoin Cash?
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.
The prominent use of “peer-to-peer electronic cash” is purposeful here. Bitcoin Cash is seeking to be a cryptocurrency that’s focused on transaction capacity.
Read more at:
https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf