Bitcoin Cash [BCH] roadmap includes upgrades to its core codeafter6 months,howeverdisagreement over some changes to the network have raised the specter that2distinct branches of the cryptocurrencymighttake shape,on condition that2implementations – BitcoinABCand Bitcoin SV are being proposed by competing teams.Whereasthisis notclear, onesituationwould see2separate cryptocurrencies arise from the fork.
As userswould automaticallyreceiveanequivalentamountof new coin tothe amount heldin Bitcoin Cash [BCH],it’snecessarythat their exchangeis readyfor the eventand canlaterallocatethe new tokens.
A number of exchanges havecurrentlycleared their positionsought toa split occur, with OKEx, Binance, Bitforex and Huobi having allmentioningthatthey’ll“support thehardfork.” Poloniex, a renowned exchange for Bitcoin Cash [BCH],additionalexpressedthatit’s“prepared to supportcommercemarkets forboth tokens.”
Coinbase wasadditionallyreserved,statingit’llsupportthe presentroadmap,howeverit added:
“In the unlikely event that multiple viable chains persistafterthe hard fork, Coinbase exchange would ensure thatcustomers have access to their funds onbothchains.”
In preparation for the event, most exchanges haveaforementionedthey’llsuspend BitcoinCash [BCH]withdrawals and deposits longbefore the hard fork, so as to ensure that theclientfundsaren’tin dangerbecause ofinstability of the post-fork network(s). Usersought topay attentionto notdeposit Bitcoin Cash [BCH]throughoutthis erain such cases.
France-based Cryptocurrency hardwarewalletmaker ‘Ledger’ hasaforementionedthat, if the forkends up inseparate Bitcoin Cash [BCH] blockchains, “eventually,one amongstthese would be the dominant chain,thatwe’llevaluateto supportonce againthen.”
However, It’sworthnoting that Bitmex exchange recently launched a fork monitor for Bitcoin [BTC] and BitcoinCash [BCH]. The Bitcoin Cash [BCH]arriving Hard Forkis readytooccur on 15th Nov.at around 17:00UT.
Here’sthe presentstatusofthe top12 Bitcoin Cash[BCH] markets, is as under:
OKEx –support confirmed
BitForex –support confirmed
Binance –support confirmed
Digifinex – no statement
Huobi –support confirmed
Bitfinex – no statement
Upbit –support confirmed
HitBTC – no statement
Coinbase Pro –support confirmed
Bitbank –not confirmed
Coinsuper –support confirmed
GDAC – no statement
Ledger –review confirmed