Over the past week, the central theme of discussion has been the August 1 hard fork and the possible birth of a new token called 'Bitcoin Cash' (BCC). The fork has come about after months of long debates, scaling proposals, and community infighting and many bitcoin proponents from both sides are showing a sense of relief although some are still uncertain of the events that will take place, and how the bifurcation of the Bitcoin blockchain will play out.

Today a whole lot of people have been patiently waiting for the user-activated hard fork (UAHF) to commence and the coming of the new digital currency Bitcoin Cash.  August 1 has arrived and the 12:20 UTC time period has officially passed. The start of the BCC chain split began at block 478558, but at the time of writing the official divide has not yet occurred.