July 27 (Reuters) - Hong Kong-based digital currency exchange Bitfinex said on Thursday that a minority of Bitcoin miners will be “forking” to create a new blockchain called Bitcoin Cash on Aug. 1.
The fork does not impact Bitcoin balances, but it creates a new token, Bitfinex said. (bit.ly/2w3S0Cz)
A “fork” is when a blockchain splits into two potential paths. (Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel)