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First Block of Bitcoin Cash Mined, Bitcoin officially splits. BCH jumps from 699 to Number 3.

Latest Bitcoin news | What is Bitcoin Cash | Bitcoin Cash Mining

Bitcoin officially got splited into two halves, First Block of Bitcoin Cash Mined

It’s official!! Bitcoin splitted into two halves. Bitcoin and Bitcoin Cash

The first block of Bitcoin Cash (BCH) blockchain was mined which successfully splitted Bitcoin.  Miners were able to successfully create a block on a new Blockchain, called Bitcoin Cash, at roughly 2:14 p.m. ET on August 1, 2017. Thi move effectively finds the miners breaking away , from the main bitcoin network and forging ahead with a the new born cryptocurrency.

According to a Bitcoin Cash block explorer hosted by data provider BlockDozer, the first block of Bitcoin Cash was mined by it’s strongest supporter Via BTC.

Via BTC later acknowledged the same on Twitter and WeChat.

The Splitting happened nearly six hours after block 478,558 – the point at which miners attempted to start the separation.

Network data shows that the Bitcoin Cash block contained 6,985 transactions, with a block size of 1.915 MB – nearly double the size of this parameter on the original chain. The data point is notable given that Bitcoin Cash was designed to increase network capacity by offering a blockchain with a larger block size.

Big Jump in Rankings

According to CoinmarketCap, Bitcoin Cash (BCH) was ranked at 699 when it was not live. The future prices were 243.84 till 12.30 Am IST.

Since it’s creation, Bitcoin Cash is green and is on growth of 38.79%. It is now priced at $407.82, at the time of publishing this article.

The biggest news is that the rank was 699 till it was not created but now, at the time of publishing this article, BCH is ranked 3 in terms of market capitalization.

Click here to view a list of Exchanges and Wallets supporting BitcoinCash.

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