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Online Casino ital ledger used to record bitcoin transactions. Online Casino It is stored across multiple computers. The blockchain is the technology behind the bitcoin digital currency. What this hard fork did was create a “node” called Bitcoin ABC. It basically split off a new digital asset called Bitcoin Cash that will operate under rules different to the ones used by the original bitcoin currency. Online Casino Each has its own value. Everyone who held Bitcoins received Bitcoin Cash. Online Casino Some will use it, some won’t. The new currency started off with about one-tenth of Bitcoin’s value and the price has fluctuated wildly since its creation – hitting a peak of 6. 93 before falling to 4. 89 earlier today. Online Casino In other words, the hard fork created an opportunity for savvy and fearless investors to make a killing if they unloaded the new currency at its peak.

Many analysts suggest that the current price is not likely to hold steady. It is a volatile commodity, even more so for now than the original currency is. One year ago the bitcoin value was 8, it peaked at over ,000 in June, fell to about ,939 on July 16, and is currently trading at about ,890. The value was not significantly impacted by the fork – so far. Online Casino Online Casino The main reason given for bitcoin splitting is a matter of scale. Online Casino As digital currencies become more popular they are traded at higher volumes. Only 1 megabyte of transactions can be processed at one time on the blockchain of July 31, 2017. Online Casino As demand for transabox24 casino no deposit bonusctions grows, the processing time slows down. Online Casino This latency can create vulnerabilities for companies accepting bitcoin. But that is not the overriding concern of change advocates. Online Casino They want the network to be able to handle transaction more efficiently as digital currencies rise in economic importance. Online Casino Bitcoin Cash increases the limits to 8 megabytes – but that too could become a limiting factor in time. Online Casino

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Now, after the fork, each blockchain can function with its own rules and a “civil war” may have been averted. One of the major players in the cryptocurrency game, Coinbase, said they would not support the new blockchain – i. e. would not trade in the new currency. As of today, part of that position has changed. Online Casino Coinbase now says they will support the fork next year but have not committed to trading. Online Casino What that means is that users can withdraw value in Bitcoin Cash after January 1, 2018, according to a report on Tech Crunch. Some observers are speculating that the Coinbase cold reserves fell by 50% when customers unhappy with the decision to stick with only the original blockchain made a “run on the bank” withdrawing their value. We have not been able to independently confirm that, but the Coinbase policy change may be an indication. What the split means to online casino players depends on who they have a digital wallet with. Online Casino For people who use Coinbase nothing has changed. Online Casino They can still deposit and withdraw instantly and can still convertbox24 casino no deposit bonus digital currency to cold hard cash.

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