on October 31, 2008 by Satoshi Nakamoto, the anonymous creator of the worlds first cryptocurrency. 5 As of May 2018, daily transaction numbers for Bitcoin Cash are about one-tenth of those of bitcoin. This lack of consensus resulted in a hard fork of the Bitcoin blockchain, which then gave birth to Bitcoin Cash. 15 16 The would-be hard fork with an expanded block size limit was described by hardware manufacturer Bitmain in June 2017 as a "contingency plan" should the Bitcoin community decide to fork; the first implementation of the software was proposed under the name Bitcoin ABC.
The fateful hard fork was first announced in the summer of 2018.
After months of debate and preparation from mining factions, the Bitcoin Cash hard fork finally took place in mid-November.
The first ABC block was mined at 1:00 PM EST on November 15, 2018.
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Now, the BCH community is facing a similar situation. 5 By November 2017 the value of Bitcoin Cash, which had been as high as 900, had fallen to around 300, much of that due to people who had originally held Bitcoin selling off the Bitcoin Cash they received at the hard fork. 25 Payment service providers As of August 2018, Bitcoin Cash payments are supported by payment service providers such as BitPay, Coinify and GoCoin. "Bitstamp To Launch Bitcoin Cash Trading". "Bitcoin Is Likely to Split Again in November, Say Major Players".