x
Black Bar Banner 1
x

⏲Alert!  New Secured Wallets are installed! new Blog system with AI  power and auto blog curation coming soon  Alert! 
  • Sign Up
  • Log In
  • Calendar
A+ A−
Ads by Markethive - View All
Blogs
The Blog Feed
» Blog Feed
Write a New Blog Post
Search Blog Status
Most Viewed
Most Recent
Most Shared
Alphabetical
Blog Main Menu
Markethive Blog (default)
All Blogs
My Blog Posts
Friends' Blogs
Blog Categories
All
Advertising
Blockchain & Cryptocurrency
Business Development
Diet & Weight Loss
Environmental
Health and Wellness
History and Culture
Home and Garden
Marketing
Mentoring & Training
Money & Finance
Other
Political
Prayer & Religion
Programming & Technical
Real Estate
Search Engine Optimization
Social Media
Spirituality
Sports & Recreation
Transport
Travel & Events
Website Design
Blogging Tools & Assets
My Blog Info
Members Subscribed to You
Blogs You Are Subscribed To
Website Widget
Wordpress Plugin
Subscribe for Greater Services
Subscribe to one of many subscriptions, each one includes the previous ones.. Unlock powerful tools, advance features, to build a powerful reach.

Hash Watch: Kraken Announces BCH Fork Plans, Bitcoin ABC Reveals Two-Pronged Eff...

Posted by Caleb Mpamei on November 08, 2020 - 8:45am


Hash Watch: Kraken Announces BCH Fork Plans, Bitcoin ABC Reveals Two-Pronged Eff...

A number of third party infrastructure providers have announced contingency plans for the upcoming Bitcoin Cash upgrade on November 15, 2020. Hitbtc has revealed the exchange’s plans to halt bitcoin cash transactions on that day, and it plans to credit all users with an additional token if a blockchain split happens. Additionally, Kraken has announced plans for the fork as well with airdrop support requirements.

  • The Bitcoin Cash (BCH) network will upgrade on November 15, 2020, and the latest feature that will be added to the network is the ASERT Difficulty Adjustment Algorithm (DAA).
  • Bitcoin Cash may bifurcate due to the introduction of the infrastructure funding proposal (IFP) added to the Bitcoin ABC codebase. Six other BCH full node clients will not adopt the IFP feature added to the software.
  • Meanwhile, in a surprise twist, Bitcoin ABC announced it will also launch a software client that is IFP-free and compatible with BCHN and the rest of the full node clients. “Businesses have the freedom to choose between the two chains,” Bitcoin ABC’s blog post notes.
  • A great number of Bitcoin Cash proponents on Reddit and Twitter believe ABC’s latest announcement is a ploy to stay relevant. “This seems like a last-ditch effort for relevance. As always, ABC can do whatever they want with their code. I just hope no one is duped into giving them the time of day after their recent behavior,” the Reddit user ‘AD1AD’ responded on Friday.
  • The trading platform Hitbtc has revealed fork contingency plans and says that it will support both blockhains if there is a split on the 15th.
  • “The new token will be issued to all users by a 1:1 ratio based on a full snapshot of BCH balances on Hitbtc at 12:00 PM (UTC) on November 15th,” Hitbtc’s announcement states. “A decision on which chain will carry BCH ticker on Hitbtc will be taken after the completion of the fork,” the company added.
  • Kraken revealed its plans for next Sunday as well and the exchange says that it “will support [the] Bitcoin Cash Node regardless of the outcome of the fork.” “Bitcoin Cash Node tokens will be called ‘Bitcoin Cash’ on our platform and represented by the ticker symbol ‘BCH,’” Kraken added.
  • “We will support Bitcoin Cash ABC only if the hashpower on the ABC network is at least 10% of the hashpower on the Bitcoin Cash Node network,” Kraken stressed. “If we support Bitcoin Cash ABC, it will be called ‘Bitcoin Cash ABC’ on our platform and represented by the ticker symbol ‘BAB.’”

From Bitcoin News by Jamie Redman.

P.S.  A lot is happening in the crypto industry space. If you want to join in the action, click here.

© Markethive Inc.