Hardfork. A major disputes that both parties say goodbye to each other.
When it happens, for you to win, you need all the complete list of Crypto Top Exchanges supporting it.
Just to break it down,
A hard fork is when developers and miners no longer agree on a proposed change to the software, despite operating on the same blockchain.
Once the fork takes place, one group of so-called nodes — computers that are connected to the network and are part of the transaction confirmation process — will upgrade to the new software and the other will operate on the old rules, creating two separate blockchains and digital currencies – marketwatch.com
Wanna learn more about it, this explains it in bits.
A major question to ask now?
How many Top Crypto Exchanges is Supporting Bitcoin Cash’s Hard Fork? Read on…
Mr. Roger Ver (Bitcoin Cash Frontier) has been talking tough about Bitcoin Cash for a long time now, and I am wondering what he has to say about this – not the fork though, but the toughness of hyping BCH as if it is so perfect that no division was ever going to be seen.
A rather karma or an uptrend event?
Maybe the karma is Mr. Craig.
The opposition is led by the self-proclaimed Satoshi Nakamoto, Craig Wright, who is a controversial figure in the crypto community.
What do I mean?
Let’s go back to the basics. (Quoting investinblockchain)
As seen before with Bitcoin (BTC), there was a divide in the community on whether or not to increase the block size.
This lack of consensus resulted in a hardfork of the Bitcoin blockchain, which then gave birth to Bitcoin Cash. Now, the BCH community is facing a similar situation.
Twice a year, the Bitcoin Cash blockchain undergoes a hard fork which integrates scheduled protocol upgrades. Most of the time, these hardfork upgrades, go unnoticed and the BCH blockchain continues on.
This time, however, the BCH community has become divided and failed to come to a consensus regarding the future of the BCH blockchain.
What NChain Had to Say
NChain, a blockchain group led by “Satoshi-want-to-be,” Craig Wright, does not agree with the upgrades proposed by Bitcoin ABC, a Bitcoin Cash-centric developer coalition.
Therefore, NChain has decided to run its own upgrade to the BCH blockchain which will result in the creation of 2 independent blockchains on November 15. So, the above events is a major reason for the split.
- 1 Everything You Need To Know About The Upcoming Bitcoin Cash Hardfork
- 1.1 AN INSIGHT FOR THE ADVANCED AND PRO CRYPTO ENTHUSIASTS
- 1.2 THE EFFECTS OF THIS ABOUT-TO SPLIT?
- 1.3 STAYING SAFE DURING THE BCH HARDFORK? VERY IMPORTANT – HOW TO.
- 1.4 What Is In Store For The Holders, The Crypto Enthusiasts?
- 1.5 LIST OF CRYPTO TOP EXCHANGES TO SUPPORT BITCOIN CASH’S HARD FORK
- 1.6 Conclusion
Everything You Need To Know About The Upcoming Bitcoin Cash Hardfork
According to Sechet, this upgrade would allow BCH network participants to “agree as much as possible on what the next block is going to look like.”
The Bitcoin ABC developer argues that introducing pre-consensus to the Bitcoin Cash network will provide a significantly stronger zero-confirmation guarantee compared to the one BCH has at the moment.
Fast forwarding the event – disputes, the last frowning words were
“We are NOT tolerant. We will not capitulate. We will not surrender. We will not negotiate. We will not end,” Mr. Craig Wright followed up on the email in a tweet.
What Poloniex had to say?
“We believe the responsible thing to do in this case is remain neutral and allow the community to decide which chain to support, and we want to empower the community to demonstrate their support through trading activity”
AN INSIGHT FOR THE ADVANCED AND PRO CRYPTO ENTHUSIASTS
As we know, Bitcoin Cash is expected to conduct a hardfork upgrade at about 16:40 UTC on 15th November 2018.
What is the Chain Tip –
What is the Height – 556568 (2018-11-14 04:05)
What is the Accumulated log2(PoW) – 87.719
♣ Bitcoin ABC 0.18.2
♣ Bitcoin ABC 0.18.0
♣ Bitcoin ABC 0.17.2
♣ Bitcoin SV 1.0.1
♣ Bitcoin Unlimited 1.5.0
♣ Bitcoin Unlimited 188.8.131.52
♣Bitcoin XT 0.11.0
Height: 530358 (2018-05-15 19:17)
Accumulated log2(PoW): 87.291
♣ Bitcoin ABC 0.16.2
♣ Chaintip: 00000000000012089cdab95ace1b9c36895e6d839a2f2e6ea8b0738be120665c
Height: 758691 (2018-11-14 04:17)
Accumulated log2(PoW): 86.962
Bitcoin ABC 0.14.6
From an End in mind?
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Which Coin Should You Side? See This.
In a fight or contest, one will want to side a party, same goes with this Bitcoin Cash fight. The big question is, which coin do you side for a win?
Think about it. The one you side has a way of determining whether you win or lose.
Now, the good thing about this is that determining the success of each coin will be at the hands of miners who commit their hash power. That is to say, the computing power to mine a cryptocurrency.
What will the miners do?
The miners will commit their power to whichever coin is more profitable to mine.
How To Side The Best Coin?
To date, consensus among the industry is that Bitcoin ABC should prevail in the war of the miners.
Following a data analytics by Coin Dance -a data monitoring website, they examined the options and came out with a proof that the projects – Bitcoin SV to receive up to 60% of the computing power.
Hash war over?
CoinDance now says Bitcoin SV has backing of at least 45% and at most 60% of the current hash rate. ABC is estimated at 21% minimum, and at most 39% maximum of current hash rate.
— Calvin Ayre (@CalvinAyre)
So, there you have it. Bitcoin SV – 60% and Bitcoin ABC – 45%
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THE EFFECTS OF THIS ABOUT-TO SPLIT?
Bitcoin Cash has been trading in volatile fashion ahead of the hard fork, rising as much as 50% in November, before falling 21%.
For a very long time in months, the price of Bitcoin Cash (BCH) has seen significant upward price movement.
In fact, it moved from $425 to a current high of $586. Believe it or not, this price may be more this evening.
One of those reasons?
Traders are perambulating 🙂 with the coin such that its volume was the number 1 on Binance exchange as at 13th November, 2018.
So, what is in store for you?
What if not?
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STAYING SAFE DURING THE BCH HARDFORK? VERY IMPORTANT – HOW TO.
Let them fight the battle, for you, you want to stay safe. Why and what is the need?
As we know, Hardforks are considered as high-risk events in the crypto community. Why?
Like I was scammed on a crypto exchange, this is literally a time for scammers and phishers to high target vulnerable users by tricking them using different tactics, such as phishing scams and deadly pop-ups on websites.
During the Bitcoin Gold hardfork in October 2017, some bad dudes managed to steal over $3 million of coins using a phishing website. That is how bad it was – the ones giving crypto a bad name.
As I have already stated, during hardforks, the risk for phishing is high. To avoid scammers taking your money, see what you have to do:
#1. You want to use separate wallets to store your balance and claim the new coin.
Before you claim your forked coins
#a. Move your balance from the wallet you have been storing your crypto to a new one where you are in possession of your private keys (forget exchanges).
#b. Wait until the hardfork is completed and move your funds back to your original wallet.
#c. After your funds are back in your original wallet, you can export the private key from your new wallet (not from the original!) to claim the forked coins.
#2. Always use secure wallets where you are in possession of your private keys.
No access to your private keys not just means that you are not in control of your wallet, but, in most cases, you are unable to claim your forked coins.
#3. Have a good anti-virus software installed on your computer to protect you from malware that can steal your coins.
#4. Check every website that states you can claim the new coins there. Carefully check whether the site is original or a phishing scam.
Hit up the developers’ official social channels and use the links there to access their official website.
#5. Use common sense: if something seems too good to be true, it probably is!
(Insights from cryptopotato)
What Is In Store For The Holders, The Crypto Enthusiasts?
You need not frown like them, all you just need to do is take part and be safe if you hold BCH, or get a double of your coins 😆 after the split. More on this later, let’s stay safe first.
The question on how you will get your coins is using a supporting cryptocurrency exchange. That brings us to the main essence of this article.
LIST OF CRYPTO TOP EXCHANGES TO SUPPORT BITCOIN CASH’S HARD FORK
Binance, while the world’s largest crypto-to-crypto exchange was on maintenance in the last hours, as a major exchange, it was the first exchange to announce support for the upcoming BCH hard fork.
They stated that they will suspend BCH deposits and withdrawals 1 – 2 hours before the hard fork is expected.
What to do?
Sign up at Binance, transfer Bitcoin to your account there and lastly, buy some Bitcoin Cash NOW and hold!
Coinbase, the Google of Crypto exchange said they will also support the coins.
In her words
“we will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00AM PST on 11/15/2018 (approximately 1 hour before the fork).
Please be sure all BCH sends and receives are completed prior to that time”.
What to do?
Sign up at Coinbase.com, transfer Bitcoin to your account there and lastly, buy some Bitcoin Cash NOW and hold! Also, you can buy directly if you want.
CEX – support confirmed
In her words,
We’ll record users’ balances immediately before the fork. Then, if the hard fork happens, we’ll split your Bitcoin Cash.
BCH Deposits and Withdrawals
Also, please note that Bitcoin Cash deposits and withdrawals will be paused 3 hours before the scheduled fork and resumed 3 hours after it. This time is necessary to test the upgraded network and ensure the security of your funds.
If you’re planning to deposit Bitcoin Cash to CEX.IO, make sure you do so in advance.
BitMEX – support confirmed
In her words, we want to bring to your attention the upcoming BCH hardfork that will affect the BCHZ18 futures contract.
Bitcoin Cash is expected to conduct a hardfork upgrade on 15 November 2018.
There are two competing incompatible hardfork upgrade proposals, with the associated clients being Bitcoin ABC and Bitcoin SV.
Therefore, there could be a chainsplit; users holding BCH prior to the hardfork could end up with coins on both sides of the split.
Remitano – not really sure yet.
In her words,
Remitano takes these threats seriously. So we will stop processing BCH deposits and withdrawals 1 hour before the fork, which will happen around 16:40, November 15, 2018 (UTC).
Trading will be enabled but no deposits and withdrawals will be processed during that time.
We will resume processing deposits and withdrawals when we are confident that doing so won’t result in any transactions being reverted (due to chain re-organization).
The pause is expected to last no more than 7 days since the fork.
Once BCH deposits and withdrawals are processed again, we will follow the chain with the majority hash rate at the moment of resuming.
If you wish to have your coin on all the other forked chains, please withdraw your BCH before the 15:40, Novemeber 15, 2018 (UTC).
We will not process requests to return or credit coin on an unsupported chain.
CoinDirect – support confirmed
In her words,
Coindirect, will be supporting the upcoming Bitcoin Cash hard fork scheduled for the 15th of November 2018.
Be sure to perform all BCH transactions before the 15th as they will be suspended on the day of the fork. For more information read her blog post.
💡 OKEx – support confirmed
💡 BitForex – support confirmed
💡 Binance – support confirmed
💡 Coindirect – support confirmed
💡 Digifinex – no statement
💡 CEX – support confirmed
💡 Bitmex – support confirmed
💡 Remitano – support confirmed
💡 Huobi – support confirmed
💡 Bitfinex – no statement
💡 Poloniex – Confirmed
💡 Upbit – support confirmed
💡 HitBTC – no statement
💡 Coinbase Pro – support confirmed
💡 Bitbank – not confirmed
💡 Coinsuper – support confirmed
💡 GDAC – no statement.
Hardware Wallets Supporting
With a recent updated firmware, the Trezors’ – Trezor T and Trezor has come out to affirm that there will be a support for the Hardfork – with reasons.
Also, coming out with an updates with more than enough coins managed now, ledger has confirmed that the wallet will support the Hardfork – meaning, you can get a double of your coin from the fight-split.
What to do?
Get the new Ledger Nano S for your X2 of Bitcoin SV or Bitcoin ABC
List contribution: Coindesk
If you want to win in this upcoming fork,
#1. Take the security steps above.
#2. use a better wallet for it.
#3. Buy Bitcoin Cash and hold, and lastly, wait for the split on the flip side – 17th November, 2018.
Where To Buy Coins Safely In Your Country?
➡ In Africa –Nigeria, use NgExchange.com/crypto
In other countries? These are the safe places – the complete list.
That is it on the list of Crypto Top Exchanges Supporting Bitcoin Cash’s Hard Fork. More to come…