Bitcoin split into two separate currencies on Tuesday because part of the Bitcoin community isn't happy with recent and planned changes to the code that controls the cryptocurrency.
Now in addition to classic Bitcoin (BTC), there's Bitcoin Cash (BCC or BCH), and those holding previously mined BTC can obtain an equal number of BCH in a process similar to a stock split, at least at some Bitcoin exchanges, The Register reported.
The exchange rate for each digital currency, however, is not the same. BTC is presently trading at around $2,750 on the CoinDesk Bitcoin Price Index. BCC/BCH is valued at about $244, according to coinmarketcap.com.
After the split, Bitcoin Cash will effectively run as an alternative cryptocurrency, like Ethereum, Ripple or Litecoin.
