Bitcoin Cash [BCH] deposits and withdrawal will be suspended from Huobi November 11 By James Hoffman
“A hard fork is a technology update”.
Given that Bitcoin Cash is now the fourth largest cryptocurrency by market cap (worth around $9.75 billion United States dollars at the time of publishing according to Coinlib ), there is a substantial amount at stake for both sides. Here are the 12 things you should know about the Bitcoin Cash hard fork long before it happens.
“We’re seeing right now the damage that can be caused by having contentious hard fork “.
This rise has been attributed to the upcoming hard fork scheduled for the next November 15, in which the destiny of the coin will be decided. This pre-fork trading offer is a first for the exchange , and it is part of efforts to become a top innovative exchange.
However, BCHABC has nearly twice the volume of BCHSV. The Stephen Pair led company has also said that they would completely monitor the security risks during the fork so that users can have a seamless experience later.
“Hold you coins in a wallet in which you control the private key”. The app will be utlizing Ripple’s xRapid to enhance the efficiency of the process and minimize liquidity costs. xRapid allows to circumvent the requirement of obtaining pre-funded local currency accounts when conducting payments in emerging markets. Will you?Side with ABC, you hate bitcoin, you are my enemy.
The announcement of support by crypto exchanges such Binance , OKEx, BitForex, Huobi, Upbit, Coinbase Pro, Coinsup, etc during its hard fork period has been pointed out as the reason behind the peak in price the coin had recently.
According to Wright , by deploying hashpower, Bitcoin SV miners can effectively mine empty blocks on the competing bitcoin cash blockchain , stopping transactions from going through.
From the beginning of BCH , developers have planned on hard forking the currency every six months. Why? It includes the Bitcoin SV and ABC roadmap and a list of weighted companies declaring which implementation they are using. The result of the hardfork will be 2 different BCH blockchains.
In that video , Ver declared he and his enterprises would be siding with Bitcoin ABC in the now seemingly unavoidable ABC-SV schism. The CEO of Bitmain , Jihan Wu , supports it.
It’s also leading investors to think about the difference between investing in “Bitcoin regular” or some version or derivative coin.
Craig Wright , who claims (without much evidence) that he is bitcoin’s pseudonymous creator Satoshi Nakamoto has always been one of the leading figures of bitcoin cash , the fourth largest cryptocurrency by market cap, which famously broke off of bitcoin in the heat of the scaling debate previous year.
Ver responded that Craig lacks the knowledge to back the claim that he is Satoshi.
After sharing the email and bringing Wright’s maturity into question, Ver contrasted the controversial crypto figure’s words with those of fellow Bitcoin SV proponent and gambling entrepreneur Calvin Ayre.
In fact, some big developers like Andrew Stone want to maintain the BCH’s one blockchain. Related: .