Bitcoin Cash [BCH] roadmap includes upgrades to its core code after 6 months, however disagreement over some changes to the network have raised the specter that 2 distinct branches of the cryptocurrency might take shape, on condition that 2 implementations – Bitcoin ABC and Bitcoin SV are being proposed by competing teams. Whereas this is not clear, one situation would see 2 separate cryptocurrencies arise from the fork.
As users would automatically receive an equivalent amount of new coin to the amount held in Bitcoin Cash [BCH], it’s necessary that their exchange is ready for the event and can later allocate the new tokens.
A number of exchanges have currently cleared their positions ought to a split occur, with OKEx, Binance, Bitforex and Huobi having all mentioning that they’ll “support the hard fork.” Poloniex, a renowned exchange for Bitcoin Cash [BCH], additional expressed that it’s “prepared to support commerce markets for both tokens.”
Coinbase was additionally reserved, stating it’ll support the present roadmap, however it added:
“In the unlikely event that multiple viable chains persist after the hard fork, Coinbase exchange would ensure that customers have access to their funds on both chains.”
In preparation for the event, most exchanges have aforementioned they’ll suspend Bitcoin Cash [BCH] withdrawals and deposits long before the hard fork, so as to ensure that the client funds aren’t in danger because of instability of the post-fork network(s). Users ought to pay attention to not deposit Bitcoin Cash [BCH] throughout this era in such cases.
France-based Cryptocurrency hardware wallet maker ‘Ledger’ has aforementioned that, if the fork ends up in separate Bitcoin Cash [BCH] blockchains, “eventually, one amongst these would be the dominant chain, that we’ll evaluate to support once again then.”
However, It’s worth noting that Bitmex exchange recently launched a fork monitor for Bitcoin [BTC] and Bitcoin Cash [BCH]. The Bitcoin Cash [BCH] arriving Hard Fork is ready to occur on 15th Nov. at around 17:00 UT.
Here’s the present status of the top 12 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