What is bitcoin? Bitcoin is a cryptocurrency that was started in 2009 by an anonymous person or group of people. Bitcoin has since then grown into what bitcoin cash news has called the following “biggest things after the internet” (bitcoin).
What are cryptocurrencies? Cryptocurrencies are virtual currencies that don’t exist physically like pounds, dollars, and euros but instead exist only virtually on computers worldwide. This makes it difficult to counterfeit them because you can not simply print more money! New coins cannot be printed anymore once all 21 million bitcoins have been mined (this should happen within 2040).
As this continues to go mainstream, many people have begun to wonder what this news is. This article will discuss three prelimina1 amounts about bitcoin cash that you need to know before investing in this cryptocurrency.
Bitcoin Cash News: 3 Preliminary Points
1) It was created from an October 21coin’s blockchain on August 1, 2017
2) It shares a lot of similarities with bitcoin and has been called “bitcoin-light” or “bitcoin 2.0” by some experts
3) This is traded on GDAX, Bitfinex, Kraken, and other exchanges.
Is it safe to invest in bitcoins?
In September 2017, bitcoin split into two digital derivative currencies, bitcoin, and bitcoin cash. The U.S. based exchange GDAX made a statement that bitcoin trading in all forms would halt on its platform from 11 am to noon ET due to the fork for it to update policies and procedures before resuming October 23 later in the day; however, this was postponed until October 21 when they announced: “all BCH withdrawals are paused, and will remain paused until our team has had time to complete necessary technical work.”
Bitcoin-QT users who decided not to use their BTC during or shortly after December 20, 11:59 pm to access both coins since once you have them, your private keys also control any BCH associated with those keys, so bitcoin-qt users who didn’t claim their bitcoin BCH by importing the seed or the private key from a bitcoin wallet into a BCH wallet on another platform will not be able to access it.
On October 23, Coinbase announced that it would begin rolling out BCH withdrawals for all customers before the end of this year and complete them within about one month as part of its final testing phase. December 20 t yo11:59 pm is the time as long as your withdrawal requests are in by December 20 at 11:59 pm PT!
In conclusion, bitcoin cash news is still a hot topic in the bitcoin world!