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Bitcoin Offshoot Undergoes ‘Halving’ in Prelude to Larger Blockchain’s Change
In a precursor to Bitcoin’s “halving” later this month, an offshoot cryptocurrency called Bitcoin Cash is reducing its supply of newly minted token by 50% Wednesday. Bitcoin Cash split from Bitcoin in 2017, and jump started the so-called forking craze, in which dozens of software-development teams sought to create money out of thin air by tweaking the original computer code and releasing coins with “Bitcoin” in their names. Bitcoin Cash’s supporters include Roger Ver, who was known as Bitcoin Jesus in the early days of crypto for supporting Bitcoin before shifting his allegiance to Bitcoin Cash. Bitcoin ... (full story)
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- Posted: Apr 3, 2024 7:58pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 324
