Threatened bitcoin split off the table temporarily
On the eve of a major change in bitcoin, a threat of a split in the digital currency has been avoided — for now.
A move by users to force a change in the computer code by Monday has worked. A majority of “miners” — the core bitcoin users who verify bitcoin transactions around the world — has signaled support.
Though the change is designed to improve capacity on the increasingly clogged network, some miners had objected because it could reduce transaction fees they collect.
The show of support has helped reverse a slide in the value of bitcoin from around $1,900 two weeks ago to roughly $2,800 on Monday.
However, some uncertainty
A man enters a bitcoin trade conference in New York. A dispute between factions of the tech community that supports the digital currency had threatened to split bitcoin into two incompatible currencies.