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Bitcoin Cash To Fork on November 15th
Although the cryptographic community has a purpose, and a single purpose – to usurp the powers in place – some controversial factions within this fledgling industry remain more divided than ever, without reaching a consensus on the future of the future. a certain blockchain, Bitcoin. Cash network. These disagreements led Coinbase and Binance, two well-known startups in this ecosystem, to preemptively introduce support for BCH's potential, which could be associated with an upcoming protocol upgrade.
For the uninitiated, Bitcoin Cash, Bitcoin's most competitive chain, forges its chain of blocks twice a year to integrate and activate scheduled protocol upgrades. Although previous network upgrades went smoothly, the next, which should be discontinued on November 15, seems at least precarious.
NChain, a blockchain group led by the Australian 'Satoshi-want-to-be -', Craig Wright, does not agree with the changes and modifications proposed by Bitcoin ABC, a consortium of developers focused on cash, based on Bitcoin Cash. The group decided to launch its own upgrade, which will probably lead to the creation of two independent channels.
Coinbase, Binance, Ledger All unveil the BCH support fork
Due to this strange consensus split, the exchanges and platforms supporting BCH had to make a very difficult decision: should they support the difficult range or not?
After weeks of presumed deliberations, as previously reported by Ethereum World News, Binance, the world's largest crypto-encryption market, has announced support for the asset, saying it suspends deposits and withdrawals BCH an hour or two before the start of the session. expected date of fork.
This news arrived just hours after Ledger, a leading French startup specializing in cryptographic asset storage solutions, announced that it would protect its end-to-end users, claiming that it would support the dominant chain, the most powerful fork and the most stable stability when the time comes.
Apparently, for a Coinbase help desk, Binance and Ledger are not the only ones to lend their support to the imminent fork, because San Francisco-based Coinbase, the largest US cryptocup startup, worth $ 8 billion dollars, has issued a similar announcement, indicating to its global customer base is ready to "minimize customer disruption".
In case you missed it, @coinbase supports the $ BCH hard fork https://t.co/8JV2jkQww44
– UZI (@LilUziVertcoin) November 4, 2018
Revealing this breadth of its support, the Coinbase support team wrote:
We will pause shipments and receptions on BCH portfolios on Coinbase.com, in our iOS and Android apps, as well as on Coinbase Pro and Prime from 08h00 PST 15/11/2018 (about 1 hour before the fork). Make sure all BCH shipments and receptions are completed before this time.
Coinbase explained that she will actively monitor the Bitcoin Cash network before evaluating the network "and taking the appropriate steps" to reactivate deposits and withdrawals of encrypted assets. If by chance there were more legitimate strings after the fork, Coinbase added that its clients would have access to the forked BCH.
Interestingly, unlike Binance, Coinbase has shown support for facilitating forked BCH.
At the time of writing, BCH has increased by 15.87% and a value of $ 555.87. Investors are trying to capitalize on this fork and what that could mean for the future of the network.
Title Image Courtesy of Marco Verch via Flickr
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