Since its birth, the bitcoin ecosystem has seen numerous debates on the right protocol changes required to continue its success. A couple of months ago, we were all witness to one of the first hard forks, which created an entirely separate digital currency known as Bitcoin Cash (BCC), following a new protocol.

This has happened yet again, as on October 25th 2017, Bitcoin Gold seceded from the bitcoin blockchain, into a new digital currency. The main difference about it is its new proof-of-work algorithm.

We have often covered the controversies surrounding block size debate, a possible fork on the bitcoin network, and the inability of miners to reach clear consensus in the past. On August 1st, due to the fact that consensus was not reached throughout the network, a hard fork took place, thus separating the bitcoin network as we know it, into two separate versions: Bitcoin Cash and BTC.

To put things better into perspective, until the 1st of August this year, Bitcoin Core and Bitcoin Cash were the same, operating on the very same network as well. The event broke these two digital currencies into 2 separate ledgers, and due to the fact that cryptocurrencies are represented by their own ledger, users woke up to having double the amount: once in BTC and once in BCC.