Get ready for a wave of Bitcoin forks

Enlarge (credit: Aurich Lawson)

On August 1, a dissident faction of the Bitcoin community created a new payment network called Bitcoin Cash. There are lots of Bitcoin-derived spinoff currencies, of course, but this was unusual because it branched off from the existing Bitcoin blockchain. The result was the cryptocurrency equivalent of a stock split: everyone who owned one bitcoin before the split suddenly owned a "cash" bitcoin after the split.

Today, the value of Bitcoin Cash in...

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