‘Bitcoin Cash’ (BCC; BCH) is slated to break away as a new fork from the Bitcoin blockchain on August 1. Even though last week, many of the exchanges and platforms stated that they will be rejecting Bitcoin Cash (BCC), but now more appear to be settling into the idea that it will exist as a legitimate digital token.
So what exactly is BitCoin Cash (BCC)
As a of miners, developers, investors and bitcoin users will upgrade the Bitcoin protocol as specified by the User Activated Hard Fork (UAHF). Miners implementing the UAHF will safely split away, creating a new version of Bitcoin called "Bitcoin Cash".
Here is what BCC is, as explained by the Team behind it :
Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All current Bitcoin holders will automatically own Bitcoin Cash. The existing ledger at the time of the split is preserved, thus users retain any balances they had before the split.
Below are the advantages of BCC over Bitcoin :
It is still too early to tell what the future holds for BCC. That is, assuming it will be listed as BCC in the first place. With BitConnect taking up that name, some changes may need to be made by the Bitcoin Cash community. A lot of people will keep a close eye on ViaBTC’s BCC market moving forward. Its hell lot of speculation, lets wait and see how it turns out to be after Aug 1st.
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