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Bitcoin Cash: The Well-Known Bitcoin Fork

 Bitcoin Cash is one of the popular alternate coins known in the crypto world. It is the tenth biggest crypto according to the crypto market. Now sharing a similar name, it must strike you some relation with its senior Bitcoin. And it is true also because Bitcoin Cash is the fork of the original BTC. 


It emerged as the result of Bitcoin’s blockchain split. One remained the original Bitcoin and another came out as a new upgraded version of Bitcoin Cash, also represented as BCH at times of trading. But do you know the forked altcoin of Bitcoin too had its own split in the year 2018 on 15th November? The new fork from it is known as Bitcoin SV. 


Why Does Forking Happen?


If you are a crypto enthusiast then you should be knowing the difference between soft fork and hard fork. I am saying this because there have been new versions of original cryptos. One big example is Bitcoin Cash. Forking happens whenever developers and a group of miners do not agree on some terms related to software or a crypto token. 


Hence, this breeds the creation of a new version with a different branch and a new blockchain. Where the old follow the old rules, the upgraded version comes up with new changes. And so comes the creation of a second cryptocurrency. 



Cryptoknowmics

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