[2017-10-24] BL: Bitcoin traders in India watch second fork with bated breath

Bitcoin traders in India watch second fork with bated breath

http://www.thehindubusinessline.com/money-and-banking/bitcoin-traders-in-india-watch-second-fork-with-bated-breath/article9921927.ece

Bitcoin traders in India are watching with bated breath as the cryptocurrency underwent a second hard fork, creating a new offshoot bitcoin gold, which comes less than three months after bitcoin cash was created. The latest split, which happened on Tuesday, has created three variants of the virtual currency — bitcoin, bitcoin cash (BCH) and bitcoin gold (BTG).

The new cryptocurrency was formed after certain developers split the bitcoin’s blockchain, the technology and underlying code for the digital currency. BTG comes less than three months after BCH was created, while the very first one was mined on August 1, 2017.

Unlike the last fork, when many of Indian bitcoin exchanges had shutdown operations for 36 hours from July 31, this time they are watching the development, even though battle lines have been drawn across the world.