What is the significance of the bitcoin fork on December 28th?

1 answers

• May 02, 2022 · 3 years ago
  The bitcoin fork on December 28th was a significant event that led to the creation of Bitcoin Cash. This fork was a result of a disagreement within the bitcoin community over the best way to address the scalability issue. Bitcoin Cash increased the block size limit, which allowed for more transactions to be processed in each block. This was seen as a potential solution to the scalability problem that bitcoin was facing. The fork had a major impact on the bitcoin community and the cryptocurrency market as a whole. It sparked debates and discussions about the future of bitcoin and the role of alternative cryptocurrencies. Some saw Bitcoin Cash as a competitor to bitcoin, while others saw it as a complementary currency. Overall, the significance of this fork lies in its ability to bring attention to the scalability issue and the need for innovation in the cryptocurrency space.
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