Nov 16, · The developers of Bitcoin Cash have done it again. After a new fork of the network had been announced in August, the hard fork was activated yesterday, November Currently, there is a clear winner in the dispute between the developer teams of Bitcoin Cash ABC (BCH ABC) and Bitcoin Cash Node (BCHN). Nov 14, · In mid-November, Bitcoin Cash underwent a hard fork, resulting in two chains. On November 20th, we announced the “ABC” chain would retain the designation of Bitcoin Cash (BCH) on Coinbase. The competing chain, known as Bitcoin SV, resulted in a . Nov 06, · Dear Traders, It is estimated that the Bitcoin Cash (BCH) Hard Fork is set to take place around November 15th, at PM (UTC). Following the update, BCH might split into two tokens Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). HitBTC will support the upcoming fork and will do the following.
Bitcoin cash fork snapshotBitcoin Cash Node / ABC Hard Fork » All information, snapshot date & list of supported exchanges
Two miners can discover a block at the same time. Some parts of the blockchain register different information, which creates two chains. These forks can be identified and resolved quickly, so the network maintains stability. Intentionally by developers. Developers make modifications to the source code to add new features, fix issues or change the underlying rules of the network. These changes create a new blockchain that splits from the original network.
What are the possible outcomes of this hard fork? Two chains emerge. One chain remains. What are BTC Markets doing? We will keep you up to date via announcements on our social media pages and direct emails.
What are my options? Thus, instead of making the upgrade to the current technology, developers opt to clone the existing blockchain and modify the copy. This could result in either a soft or a hard fork. The major difference between the two lies in the permanence of the updated change. The more malleable soft fork is only a temporary divergence while the harder tack takes the form of a permanent split which changes the structure of the future of the blockchain creating not just a branch, but an entire new cryptocurrency.
With a hard fork, the new blockchain and software created is incompatible with the original technology, which is why a new coin is created. With a soft fork, the blockchain features are still compatible with the old chain which would not result in a duplication of the blockchain and therefore a new coin would not be generated.
Comparatively, a hard fork enables a change which does not allow for the support of the original blockchain under the new rules. In this case, both the old and new blockchain run parallel to each other, since they are based on the same fundamental technology, however the new chain follows a new set of rules which changes the game entirely. If an investor is looking to transact in time to snap up some free coins, the snapshot date is vital to know. We are not able to make sure that hardforks are legit.
We only want to list the opportunity of a free airdrop. So stay safe and make sure to claim forks with a private key of an empty wallet. Claim free crypto. Electron Cash or in an exchange that has announced support for the split i. If you will hold your BCH in a private wallet like Electron Cash you will have to claim it manually after the fork happened details to be announced.
See this announcement to learn more. Ledger users: Ledger will suspend the Bitcoin Cash service at UTC on 12 November and will wait till the result of the fork is known and decide about how to handle it.
You can see the Ledger announcement regarding the fork from here.