Poloniex Bitcoin Exchange Will List New Bitcoin Cash's Fork
Poloniex Bitcoin Exchange Will List New Bitcoin Cash's Fork
Poloniex Launches Pre-Fork Trading Support for Bitcoin Cash's November 15th Hard Fork
09 November, 2018, 20:07
Nevertheless, Bitcoin Cash supporters can boast that it remains far more valuable than most other alt coins, and its merchant base constantly expands. Bitcoin Cash has made headlines with a 12% price surge, gaining $600 in hours.
Not all hard forks are the result of disputes between developers. If you now have your private keys (from the old chain), you will also get "new" tokens later. Those who understand the centralization of Bitcoin in China, for example, argue that creating larger maximum block sizes means mining will continue to centralize in China at the expense of more independent and peripheral mining operations. It is with this pending event that the team at Poloniex and Circle, have announced that the trading platform will be offering customers the option to trade two tokens aligned to each of the communities with a different version of the software upgrade.
One of the leading Bitcoin Cash implementations, Bitcoin ABC, includes a few notable upgrades such as an atomic swap enabling smart contract feature.
Why is the blockchain splitting? Whatever the case, with the hard fork coupling with a positive market momentum, the next two weeks are bound to be interesting for Bitcoin Cash holders.
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.
Despite the negativity, Bitcoin's bulls defended this region, and have since pushed its price back up to its price levels that preceded the relatively minor drop last week.
Bitcoin Cash SV also has support from mining company CoinGeek. SV stands for "Satoshi Vision", because they're reverting back to an older Bitcoin implementation.
Specifically, around 60% of the network's nodes supportBitcoin ABC, and 28% supportBitcoin SV. "Adding that" Craig Wright node, Bitcoin SV will fork off onto a new chain from the network. The following exchanges have released statements confirming support for the fork (as of November 7th, 2018).
Software company Bitcoin Cash ABC put forward the proposal, hence the name. In other for this to happen, miners have to transition to Bitcoin Unlimited, a client from 2016.
If no compromise is reached, we will likely see the emergence of two new cryptocurrencies. In the past week, its price has increased by 44%. The customers, however, will not be able to withdraw ahead of the planned hard fork.
The hard fork will take place on 11/15/18 sometime after 11:30 am EST.
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