Why Did Bitcoin 'Fork' Today and What is 'Bitcoin Cash?' - NBC Bay Area
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Why Did Bitcoin 'Fork' Today and What is 'Bitcoin Cash?'

"Bitcoin Cash" is a variant that aims to speed up how quickly transactions are processed

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    Why Did Bitcoin 'Fork' Today and What is 'Bitcoin Cash?'
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    File - A pile of Bitcoins

    Bitcoin prices are holding steady after a splinter group within the cryptocurrency community broke off and formed their own secondary version of the digital asset, NBC News reported.

    Called "Bitcoin Cash," the Bitcoin variant aims to speed up how quickly transactions are processed.

    Bitcoin was trading around $2,700 before and after the split, also known as a "fork."

    The new variant has fluctuated between around $200 and $400, according to coinmarketcap.com. A different software upgrade set to go into effect this fall to achieve the same result was accepted by a majority of the members of the Bitcoin community after a vote on the change was held Tuesday.

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    (Published Friday, Oct. 20, 2017)