Coinbase Must Face Negligence Suit Over Bitcoin Cash Listing, Judge Rules
Coinbase will have to face a negligence lawsuit from customers who bought bitcoin cash during the 2017 bull run, a judge ruled.
Bitcoin Cash is a fork of Bitcoin that prioritizes onchain scaling and utility as a peer-to-peer electronic cash system. The 1 megabyte limit on bitcoin blocks meant that there was often a significant delay between transactions being initiated and completing, as well as increased fees due to the limited supply per block. Bitcoin Cash increased and will continue to increase block sizes which thereby increase the potential volume of transactions on the network. On August 1, 2017, Amaury Séchet released the first Bitcoin Cash software implementation. Miners running this software were able to validate a new kind transaction to create a new chain, BCH. This process is known as a "hard fork" since it created a new version of the BTC chain that followed BCH rules. Today, BCH and BTC share the exact same transaction history up to that point.Blockchain 101
A rogue chain has developed following bitcoin cash's planned hard fork and has yet to cease production.
The deal, which closed recently for an undisclosed sum, will see O3 Labs’ eight-person developer team integrate into Bitcoin.com.
Coinfloor, the U.K.’s longest-running cryptocurrency exchange, plans to delist ethereum and bitcoin cash next month to focus solely on bitcoin.
Japan-based bitFlyer is adding multiple new coins to its European and American subsidiaries.
The latest brouhaha says a lot about the propensity for drama in the ecosystem, Michael J. Casey writes.