First Bitcoin Cash Block Mined
An effort to create an alternative version of the bitcoin blockchain is officially moving ahead.
After running into roadblocks this morning, miners were able to successfully create a block on a new blockchain, called Bitcoin Cash, at roughly 2:14 p.m. ET today. The move effectively finds the miners breaking away from the main bitcoin network and forging ahead with a different technical roadmap.
The block in question was mined by mining firm ViaBTC, according to a Bitcoin Cash block explorer hosted by data provider BlockDozer. ViaBTC later acknowledged the finding on Twitter and WeChat.
All in all, the event came nearly six hours after block 478,558 – the point at which miners attempted to start the separation.