Bitfinex says miners to create chain called Bitcoin Cash

Reuters News
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Posted: Jul 27, 2017 4:35 PM

(Reuters) - Hong Kong-based digital currency exchange Bitfinex said on Thursday that a minority of Bitcoin miners will be "forking" to create a new blockchain called Bitcoin Cash on Aug. 1.

The fork does not impact Bitcoin balances, but it creates a new token, Bitfinex said. (http://bit.ly/2w3S0Cz)

A "fork" is when a blockchain splits into two potential paths.

(Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel)