Why your Bitcoin will be safe when ‘Bitcoin Cash’ is released

By InsideBitcoins Jul 31, 2017 6:20 PM EST

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On August 1st at 12:20 UTC a new cryptocurrency called Bitcoin Cash will be launched. It’s based upon Bitmain’s UAHF proposal which was initially created as a contingency plan to thwart the efforts of the UASF, which now looks likely to activate without incident.

Whilst the arrival of yet another alt-coin derived from Bitcoin’s source code is not newsworthy in itself, the fact that Bitcoin Cash shares a common transaction history (blockchain) with Bitcoin has raised its profile somewhat.

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