It's essentially a clone of the original currency, which was created in 2009, but with «blocks» that are twice are as big. (fortune.com)
Coinbase initially said it would not distribute the Bitcoin Cash, in part because it was wary of recognizing «forked» versions of the original currency. (fortune.com)
This places bitcoin owners in the unenviable position of paying a tax bill this spring on Bitcoin Cash, which is even more volatile than the original currency, and whose value could one day collapse to nearly nothing at all. (fortune.com)