Binance supports bitcoin cash fork

Принимаю. как хешрейт влияет на цену биткоина это

Our friends from WhaleTank are on top of it, working non-stop to find the best gems one can buy on the market. Click here to test them out by joining their Telegram group. The Bitcoin SV camp wants to increase the block size limit to MB this November and continue increasing the limit over time. The difference is in the approach — ABC is for a lockstep with performance improvements that make larger blocksizes both possible and safe, whereas SV just wants to increase the limit without making the larger limits useful in any way except as a marketing trick.

Is Exodus wallet a good solution for storing your crypto? Check our review to find out. The community is hopeful that the majority of the hash power sticks with the ABC solution as their approach is more cautious and safer for the network.

However, there is a portion of the BCH supporters who think that ABC is starting to emulate the behavior of the much loathed Bitcoin Core — the most used client reference of bitcoin often accused by BCH camp for monopoly and dictatorship tendencies. Earlier in the week, Ledger wallet came out with their stance on the fork, basically telling that they will not openly support neither side and will consider the chain with greater hash to be the actual BCH.

The Bitcoin Cash fork has originated from conflicting consensus changes between different Bitcoin Cash development teams. As no consensus was reached, a hard fork will occur on the 15th of November around PM GMT epoch , resulting in several separate Bitcoin Cash chains. Eventually, one of these would be the dominant chain, which we will evaluate to support again then.

The irony of the newly emerging situation is that we will now have problems discerning the real Bitcoin Cash, not just the real Bitcoin. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.

The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin. Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high. Other features like margin trading as well as futures trading would also be impacted by this hard fork. However, spot trading of BCH would remain unfettered during the split, Binance suggested. Furthermore, the creation of a new coin is still uncertain.

Therefore, the exchange proposed a plan in case of the creation of a new coin. The post read,. Binance will credit users with BCH from the chain with the most work done. Several other crypto exchanges including OKEx have extended their support to Bitcoin Cash as it gears up for a hard fork. The altcoin seemed to be in sync with the ongoing market trend as it was depleting by 6.