There is very little to go until the expected August 1 arrives and SegWit2x is implemented, so we see the possibilities and what could happen these days, although anything is speculation.

The most important cryptocurrency on the market, at the moment is Bitcoin, which was the first cryptocurrency in history, but its hegemony is in serious danger due to Ethereum, the first that has managed to stand up to and beat Bitcoin in volume of operations and it is possible that in the future, it will be the one that leads the market. The situation of Bitcoin is uncertain right now, because on July 31 and September 1, the SegWit2x will be transferred and a Bitcoin break could occur, in principle it will start with a softfork and on August 14 there will be a hardfork, which the it would split in two.

The 'fork' process is simply changes in the way this cryptocurrency operates at its core, the blockchain or the chain of blocks. Changes in these protocols, to improve the system and allow them to continue to operate correctly and smoothly, in addition to improving or modifying the difficulty of mining. In this case, the BTC will go to SegWit2x, to change from 1MB per block to 2MB and allow the increase of the block size and therefore, increase the difficulty. This can lead to a partition of Bitcoin into two different currencies and the new resulting one would be Bitcoin Cash (BCC).

Bitcoin Cash would be nothing more than the result of the internal tensions of Bitcoin Core, where some bet that BTC remains a value of fixed operations and a blockchain on which other cryptocurrencies are based and others bet on diverting the currency for massive payments and become a common currency. Coinbase explained what would happen if Bitcoin was forked in a blog post. The appearance of these forks is normal, you just have to see Ethereum and the Ethereum Classic or Zcash and Zcash Classic fork, they are common forks within the network, due to different currents among developers.

We have talked a lot and there is much talk of August 1, where BTC will undergo important changes in the software that moves this cryptocurrency. The original design today is no longer valid and that has forced to modify the structure of the blocks and a hardfork could be given, which generates a new cryptocurrency, which would be called Bitcoin Cash, so that finally, the Bitcoin blockchain can scale in the size of the blocks up to 8MB in the future, increasing the difficulty of mining, since if it continues to 1MB, in two years all the Bitcoin could be mined.

Coinbase already talks about how the changes in the BTC blockchain would generate two currencies, as we have already seen in the tesnet enabled to make an initial test of the change to SegWit, causing block 27070 to break into two different and incompatible currencies. yes (they could not be re-unified in any way). ViaBTC a few days ago, on the other hand, I commented on the need for a Bitcoin breakdown in two currencies, in a forced way, something that will not happen, since if it happens, it will be 'natural'.

Whether BCC or Bitcoin Cash is still an unknown, but Coinbase has already said that it will not support this new cryptocurrency at all, because "it is difficult to predict how long this alternative version of Bitcoin will be able to survive and whether Bitcoin Cash will have future market value."

The next few days will be key and what will happen, it is impossible to know, we can only follow the events minute by minute and adapt. Some exchange houses, for the duration of the move to SegWit2x and the softfork, will stop operations with Bitcoin, for security reasons, to prevent their users from seeing two cryptocurrencies, one of them, which they did not want, because it could happen that one buys BTC and meets BTC and BCC. It may be that nothing happens and the market remains the same, it may be that the value of Bitcoin is spread among all cryptocurrencies, boosting Zcash, Litecoin, Ethereum and Dash or it may be that donkeys fly. We will see it on August 1.