Bitcoin Slide Looks Limited Even After Cryptocurrency Splits
- SegWit2X wins broad support, but Bitcoin Cash gains traction
- Contained price drop suggests currency will emerge unscathed
What Happens If Bitcoin Splits in Two
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Bitcoin might be dividing into two separate blockchains, but its downward slide has so far been contained, signaling confidence the biggest cryptocurrency will come out of the split unscathed.
The debate over how to scale bitcoin came to a head Tuesday as some cryptocurrency miners started using software called Bitcoin Cash and splitting a new blockchain off the old one. Blockchain is the technology used for verifying and recording digital currency transactions.