Bitcoin Cash does not propose moving transaction data outside of each block, but wants to increase the size of each to 8MB.
What you should do is transfer your bitcoin core to another wallet after the fork before doing anything about the Bitcoin Cash- be it transferring it to another wallet or to an exchange for fiat or other cryptocoins. Just like Bitcoin (BTC), Bitcoin Cash is a peer-to-peer, decentralized electronic cash for the internet.
"As of today, we have no immediate plans to fully support the Bitcoin Cash fork within our main product".
The exchange rate for each digital currency, however, is not the same. BTC and BCC will be competing with each other in the open market and while individually their prices may suffer initially, the combined prices of the two cryptocurrencies will leave traders in the blue, analysts believe. If 17-50% of hash power moves to mining Bitcoin Cash, the first block will likely take between 20 minutes to an hour.
Bitcoin is creating waves all over the financial sector at the moment. The miners responsible for processing transactions and generating new Bitcoins ultimately decide which of the two coins to support.
The Bitcoin split also raises some interesting, some would say worrying questions.
Since most bitcoin cash wallets will need you to provide your password or wallet's private keys before accessing the tokens, you need to be careful and tread with caution.
Those who have invested in bitcoin could be heading for an unexpected windfall, with the cryptocurrency today being split in two following a "hard fork" in the blockchain. But others will not.
Meanwhile, the world's most popular cryptocurrency exchange, Coinbase, has rejected the new Bitcoin Cash to some customers' chagrin. "The inception of Bitcoin Cash may prove to be exactly what Bitcoin needs".
If a split takes place, most bitcoin holders will see their holdings double, but that doesn't mean the value will double.
The third part of the report will be released within the next few weeks, this part of the report is expected to outline another smaller currency that has the capacity to rise a few hundred percent within a very short time frame. The repercussions of the structural changes could take days to determine. And one proposal to launch an alternative currency, Bitcoin Cash, is sowing confusion and fears of scam trades. Miners are incentivized with new bitcoins for their work, and if Bitcoin Cash looks healthy, earning some early could strike miners as a good bet.
How will bitcoin cash affect the bitcoin price - and how much has it already?
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Shortly after Bitcoin Cash was announced last week, Coinbase began delaying withdrawals for 72 hours as a "security precaution", with some commenters going so far as to compare it to the bank runs of the Great Depression and Great Recession.
Users with BTC in their Cryptopia accounts will be credited with an equal amount of BCH should the fork occur. "It really has dragged on", says Morehead, of Pantera Capital.