Fork Watch: Block 478558 Initiates 'Bitcoin Cash' Split – First Blocks Now Mined
news

Fork Watch: Block 478558 Initiates 'Bitcoin Cash' Split – First Blocks Now Mined

THELOGICALINDIAN - The alpha of the Bitcoin ABC Bitcoin Cash alternation breach has amorphous as the bisect was accomplished on August 1 at 1237 pm UTC at block acme 478558

UPDATE (18:45 GMT): Two blocks accept been mined on the new Bitcoin Cash blockchain.

Also read: Indian Bitcoin Hotspot Bangalore Sees 50 Merchants Added This Month

Bitcoin Cash Veers Off at Block Height 478558

Over the accomplished week, the axial affair of altercation has been the August 1 adamantine angle and the accessible bearing of a new badge alleged ‘Bitcoin Cash’ (BCC). The angle has appear about afterwards months of continued debates, ascent proposals, and association infighting and abounding bitcoin proponents from both abandon are assuming a faculty of abatement although some are still ambiguous of the contest that will booty place, and how the bifurcation of the Bitcoin blockchain will comedy out.

Today a accomplished lot of bodies accept been patiently cat-and-mouse for the user-activated adamantine angle (UAHF) to arise and the advancing of the new agenda bill Bitcoin Cash.  August 1 has accustomed and the 12:20 UTC time aeon has clearly passed. The alpha of the BCC alternation breach began at block 478558, but at the time of autograph the official bisect has not yet occurred.

Fork Watch: Block 478558 Initiates 'Bitcoin Cash' Split   Places to ‘Watch’ the Fork Unfold

Now the angle didn’t appear at absolutely 12:20 UTC but took abode six blocks later. There are a few places area bitcoin proponents can chase the abaft the scenes activity and watch for BCC blocks to be begin at abstracts accumulating sites like Coin Dance, Blockchair, and BTCforkmonitor. Further, there is a alive beck “fork party” called Countdown to Bitcoin Cash with over 1400 admirers at columnist time. And of course, the Reddit forums r/btc, r/bitcoin, and Twitter are abounding with discussions apropos today’s events. Fork Watch: Block 478558 Initiates 'Bitcoin Cash' Split

BTC and BCC Markets

Yesterday bitcoin markets were actual active, and beasts managed to advance the amount up to $2929 aloof twelve hours afore the accessible fork. Now the amount is bottomward 8 percent to a low of $2700 as bodies sit and delay for the fork’s aftereffect to commence. Many traders accept the BTC amount fasten is currently admired with the BCC token’s amount priced into it, but bazaar predictions are actual speculative. At the moment BCC futures are trading at 0.15 BTC or US$400 afterwards seeing a abatement in amount over the accomplished week. The San Francisco -based bitcoin barter Kraken has appear it would activate crediting Bitcoin Cash anon and trading has begun on the platform. Bitcoin Cash prices on Kraken are agnate to Viabtc’s futures at the time of writing. 

At the moment bitcoin proponents are alert to their screens cat-and-mouse for the abutting advance of activity apropos the August 1 split. Block 478558 was the aftermost accepted block begin and the abutting accident will be the aboriginal Bitcoin Cash big block begin which could booty some time depending on hashrate. 

UPDATE: The aboriginal appellation of this column aboriginal alone adumbrated that the aboriginal Bitcoin Cash block had been mined, but that wasn’t absolutely authentic (fork happened, but the aboriginal Bitcoin Cash block (nr 478559) was mined at 2:14 pm EDT, not immediately). The column has back been updated.

How are you watching today’s events? Let us apperceive in the comments below.

Images via Shutterstock, BTC Fork Monitor, Bitstamp, and Twitter.  

Bitcoin.com’s abundance appearance a advanced ambit of absorbing Bitcoin-related products. Looking for a accouterments wallet? We got ‘em. Want a attractive t-shirt? It’s there. Want to allowance a nice Bitcoin coffee mug? Go shopping.