My Simplest Understanding of WTF is Going on with "Bitcoin Cash" | It's NOT a TRUE "Hard Fork" of Bitcoin

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Starting August 1, 2017 BCC (Bitcoin Cash also named BitcoinABC) will begin to be mined.

A group of miners, developers, investors, and bitcoin users will upgrade the Bitcoin protocol as specified by the "User Activated Hard Fork (UAHF)."

"Bitcoin Cash provides much needed relief to users with an immediate increase of the block size limit to 8MB."

In the strictest sense, BCC is an alternative asset to BTC, and is NOT part of or a fork of Bitcoin.

BCC has changed the original technology and SECURITY intention of BTC, by adopting the dynamic difficulty adjustment.

It is, in my opinion, a new digital asset and simply that BCC will start its ledger history with the same owners as that of BTC.

This means, this asset will granted all BTC holders the equivalent amount of BCC at the outset.

This equivalent amount to be provided might NOT be supported in all exchanges or wallets.

Also, as a result BCC and BCC price will NOT be factored into the BTC or its contracts.

In my review, the majority of the exchanges announcing support for the new Bitcoin Cash altcoin are asian exchanges.

I've investigated the Wallets listed that are supposed to support this new altcoin and it appears that only one of them, Ledger Wallet, could be readily available at this time.

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You can find more information and the list of exchanges here: https://www.bitcoincash.org/

Capeesh?

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