RATE Group | Buy Bitcoin Cash When the Dust Settles
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Buy Bitcoin Cash When the Dust Settles

Buy Bitcoin Cash When the Dust Settles

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(photo credit: Getty)Getty

Bitcoin cash was one of the marvels of the bitcoin bubble. It is a fork from bitcoin. A fork of a cryptocurrency takes place when someone, anyone declares that a blockchain is going to be transferred to a new set of rules and network infrastructure.

The blockchain is a public ownerless database information, mostly transaction data, and anyone can get a copy of it and load it into their own system. The new system, which is likely a hacked about about version of the original code running the established crypto, is the new fork, it could be called Clem coin, bitcoin dung, utrillium (actually not a bad name for a new coin) or whatever. The fork then takes on a life of its own.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Bitcoin cash was a fork brought into existence to scale bitcoin-style…

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