Wednesday, 14 November, 2018

Bitcoin Cash (BCH) Hits 24 Hour Trading Volume of $726.08 Million

Ripples-xRapid-Platform-Set-to-Integrate-New-Payment-Portal What the Upcoming Bitcoin Cash Hard Fork Means for You
Russell Knight | 11 November, 2018, 00:59

The new hard fork is said to be geared toward allowing a much bigger block size, which triggers all sorts of speculations on why you should or shouldn't make block sizes larger. If the new version of the protocol is backwards compatible with the old (i.e. the two versions can work together) then it is called a "soft-fork". There are two competing incompatible hardfork upgrade proposals...

Based on the decentralized nature of cryptocurrencies forks can get very complicated very quickly due to all the different stakeholders involved. The fork is expected to create a new (split) minority chain, supported by Wright, to be named Bitcoin SV after its reference implementation.

BCHABC and BCHSV deposits and withdraws will only be enabled once the actual Bitcoin Cash fork takes place on November 15, even then there is no guarantee the forks will become "economically or technically viable", Poloniex says.

"Bitcoin will die before ABC shits on it" and the will see it trading at 0 for a few hours. The pre-fork trading started on November 7 and will continue till November 15, when the exchange will pause all BCH deposits and withdrawals at 14:00 UTC.

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.

Stellar (XLM) traded 1.2% higher against the dollar and now trades at $0.24 or 0.00003798 BTC. One Bitcoin Cash coin can now be purchased for $574.49 or 0.08944466 BTC on cryptocurrency exchanges including ZB.COM, OKCoin International, BtcTrade.im and Liquid. Deep-pocketed Ayre is with nChain CEO Jimmy Nguyen and nChain CTO Dr. Craig S. Wright on the SV side, while Bitcoin ABC lead developer Amaury Sechet, Bitmain CEO Jihan Wu, and BCH entrepreneur Roger Ver are some of the more high-profile faces on the ABC side.

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Ver responded that Craig lacks the knowledge to back the claim that he is Satoshi.

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. Within the interval covering seven days, Bitcoin Cash is 18.62 percent against the United States dollars along with a movement of -2.96 percent in the last hr.

The debate between the two sides has been contentious, and both have notable supporters. If businesses keep siding on the Bitcoin ABC client, analysts believe that the network disruption may not be significant enough. Without Bitcoin SV support, you can not hold it on that exchange.

The exchange plans to continue supporting trading for both bitcoin cash ABC and SV after the planned fork on November 15.

The upcoming hard fork has led to what some on social media are calling a "hashwar", as both sides are looking to get the majority of the network's hashrate for both security and legitimacy purposes.

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