Update: It seems inaccurate to call BCC futures as users already exchange it for cash on ViaBTC and OKEX, so I will stop trying to define it.

ViaBTC abruptly announced on July 22 to support Bitcoin Cash(BCC), a “split” coin of a potential hard fork. After the announcement, Chinese bitcoiners in all of the WeChat groups are asking the same questions: what the hell is BCC? is there going to be a chain split? who is behind it, Bitmain? is it free money or a scam? In this series, we will work to lift the fog and help you learn more about the story of BCC.

What is Bitcoin Cash?

Bitcoin Cash, or BCC is the token to Bitcoin ABC, a scaling attempt trying to push for a bitcoin hard fork. The “ABC” part stands for Adjustable Blocksize Cap suggesting that users can determine the big blocksize accordingly. Bitcoin ABC includes many changes, including a dynamic difficulty adjustment where difficulty will be reduced by 25% if less than 6 blocks are generated in 12 hours.


http://news.8btc.com/viabtc-creates-a-new-business-model-by-listing-bitcoin-cash-that-doesnt-exist