A small number of bitcoin miners are 'forking' so as to create a second version of Bitcoin, this will be called called Bitcoin Cash (BCC), which means that they are basically splitting the blockchain into two.
According to Bitfinex, the reknown, Hong Kong-based digital currency exchange company.The fork, so far, has not had any effect on bitcoin balances but, it has created a new BCC token on a new blockchain.
Its also alleged that developers and a group of miners, are creating visibly trying to increase network capacity by creating an alternative network to prove bigger blocks - coindesk.
Coindesk added that; "Called Bitcoin Cash (BCC), the effort will effectively fork bitcoin's existing software and transaction history, and in the process, give every bitcoin user new cryptocurrency tokens on a new blockchain with different rules."
The question pondering in everyones mind, What will happen after the bitcoin fork?
Well, Lets wait and see.