
© Benoit Tessier/Reuters
After years of debate, the Bitcoin community could not come to an agreement about the future of the cryptocurrency. Now, the currency is set to split into two, leading to the creation of an entirely new currency called Bitcoin Cash.
Bitcoin users have found themselves in the middle of a fight between developers, who want to retain the blockchain that protects the cryptocurrency from hackers and miners who want to double the blockchain size to make the network faster.
The disagreement might lead to a "user-activated hard fork" of Bitcoin Tuesday, which would create a brand new cryptocurrency out of the Bitcoin blockchain - the publically shared ledger that stores all bitcoin transactions and protects the currency from manipulation.
The new currency, Bitcoin Cash, would share the same blockchain history with the original bitcoin currency. However, it would also increase the blocksize from a maximum limit of 1MB, or about three transactions a minute, to 8MB. The new currency would also have upgrade rules that miners claim would allow it to grow and scale.
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