A system-wide upgrade otherwise known as a hard fork appears to have split the bitcoin cash network in two.
Bitcoin Cash is the fourth largest cryptocurrency in the world and possesses a market capitalization of over $6 billion. The chain split occurred after the bitcoin cash network tried to upgrade to new software at block number 582,679, according to data from BitMEX Research’s Forkmonitor tool.
As noted by a user on Reddit, one version of the software by bitcoin cash developer group – Bitcoin ABC – carried a code bug affecting the bitcoin cash mempool that was unrelated to the upgrade itself.
Similar to the bitcoin blockchain, bitcoin cash requires miners to validate transactions and append new blocks. The mempool consists of all pending transactions on the…