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Bitcoin Split Highlights Complexities of Cryptocurrency Market

Last week, the Bitcoin network split, creating a new currency: Bitcoin Cash. The split was the result of years of heated debate in the Bitcoin community about how to improve the network’s ability to scale.

While the developments affect anyone who holds Bitcoin, the issues are often esoteric and difficult for those outside of the community to grasp. Here, we break down the events that have occurred in cryptocurrencies over the last few weeks.

Cryptocurrency forks create volatility for companies that base their businesses off of them, and many exchanges have been divided on whether they support Bitcoin Cash.