The Bitcoin digital currency team is finally splitting as the new token called Bitcoin Cash (BCH) is already scheduled for launching on Aug. 1, 2017. The value of the new cryptocurrency, however, is yet to be officially announced by its management.
Many digital currency players and Bitcoin enthusiasts believed that the new BCH token will be distributed as “free money” when the Bitcoin Cash hard fork was introduced. This will not be the case, although the new tokens will be issued to consumers at no additional cost.
Other industry players, meanwhile, think that Bitcoin Cash could somewhat reduce the existing value of Bitcoin. They believe that the Bitcoin case will be similar to the case of Ethereum and Ethereum Classic.