A new Bitcoin network has been launched

Cryptocurrency developers have launched a new Segwit2x bitcoin protocol, report Coindesk and Bitcoiner.Tude .

It is needed to increase the operability of the network and the speed of transactions. As Reuters and Business Insider write, those miners who have not agreed with the new protocol will work with the Bitcoin Cash asset.

Thus, there will be two versions of Bitcoin and its blockchain (hard fork) - “ordinary” bitcoin and Bitcoin Cash. In anticipation of the hard fork, the cost of cryptocurrency on the morning of August 1 increased to $ 2900, as Cointelegraph writes , it is possible that it will reach $ 3000.

At the same time, after the launch of Bitcoin Cash, the bitcoin exchange rate decreased by 4% to $ 2680. According to CNBC, Bitcoin Cash futures increased by 48% to $ 422.

According to Forklog, on the night of August 1, a proposal was activated to scale the UASF bitcoin network.

The publication notes that this serves as the beginning of Segwit activation. According to the developer of Bitcoin Core, Luke Dash, UASF activation was successfully and did not share the chain.

Some large sites refused to work with Bitcoin Cash, in particular, the Coinbase exchange. Also, cryptocurrency exchanges for the duration of the hard for banned users to withdraw bitcoins.