WTF is bitcoin cash and is it worth anything? WTF is bitcoin cash bitcoin adder android is it worth anything? Early yesterday morning bitcoin’s blockchain forked — meaning a separate cryptocurrency was created called bitcoin cash. Right now, bitcoin cash is actually worth quite a bit — on paper at least.

400 per coin, which makes it the fourth-largest cryptocurrency by market cap right now. Early yesterday morning bitcoin’s blockchain forked — meaning a separate cryptocurrency was created called bitcoin cash. Right now, bitcoin cash is actually. 0, a fork just creates a duplicate version that shares the same history. So all past transactions on bitcoin cash’s new blockchain are identical to bitcoin core’s blockchain, with future transactions and balances being totally independent from each other. For practical matters, all this really means is that everyone who owned bitcoin before the fork now has an identical amount of bitcoin cash that is recorded in bitcoin cash’s forked blockchain.

But it’s not exactly this easy. If you control your own private keys, or hold your bitcoin in an exchange that said it would credit users’ balances with bitcoin cash, you’re fine and can access your newfound cryptocurrency right now. You are about to activate our Facebook Messenger news bot. Once subscribed, the bot will send you a digest of trending stories once a day. You can also customize the types of stories it sends you. Click on the button below to subscribe and wait for a new Facebook message from the TC Messenger news bot.

So all past transactions on bitcoin cash’s new blockchain are identical to bitcoin core’s blockchain, with future transactions and balances being totally independent from each other. For practical matters, all this really means is that everyone who owned bitcoin before the fork now has an identical amount of bitcoin cash that is recorded in bitcoin cash’s forked blockchain. But it’s not exactly this easy. If you held your bitcoin with a provider like Coinbase, which said before the fork they aren’t planning on distributing bitcoin cash to users or even interacting with the new blockchain at all, then you may be out of luck.

It’s just that they think it’s a distraction and not really going to be worth anything in the long run. If this proves to be false and the coins hold value, these companies will most likely end up distributing them to users. What’s so special about bitcoin cash? If you know anything about cryptocurrencies you know there are a ton of them. Bitcoin cash is just another modified cryptocurrency. First, it was created as a result of forking bitcoin core, and not created from scratch.

Secondly, it’s getting attention because the hard fork was timed to coincide with bitcoin core activating a change in its code called BIP 148, which was a highly publicized event in itself. This Bitcoin Improvement Proposal was the result of months of negotiation among major players and activated Segregated Witness, something that will help bitcoin core scale going forward. Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currency. It allows its users to create their own bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. In addition, it provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet. But here’s the thing — it’s currently really hard to sell bitcoin cash.

While some exchanges have added the new currency for trading, liquidity is super low, which is why some say the price is being artificially inflated. Because most exchanges aren’t accepting deposits yet, the only bitcoin cash available to trade is currency that was credited by exchanges after the fork. Users holding bitcoin cash outside of exchanges, or in exchanges that don’t support trading, are stuck waiting. So the moral of the story is that there’s probably a ton of bitcoin cash waiting to be sold, as soon as people can transfer it. That’s because there’s not a whole lot of incentive to keep the coins, especially when people think it is overvalued and want to quickly cash out.