BitMEX Releases A Hardfork Monitoring Tool Ahead Of The Bitcoin Cash Hardfork


Bitcoin Cash has a total supply of 17,443,763 coins.

$$Fork money$$. Users will receive equal amount of the new forked Bitcoin Cash to the amount they hold in BCH in an exchange that supports the fork.

"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. Going forward, we will evaluate each hard fork individually and decide whether to support the fork or to offer pre-fork trading".

Counterparty (XCP) traded up 12.1% against the dollar and now trades at $3.83 or 0.00058643 BTC. Moreover, both are available before the fork even happens. Customers also have the option of converting Bitcoin Cash into BCHABC and BCHSV, and vice-versa. Notably absent is tether (USDT), the controversial-but-highly-liquid stablecoin. Poloniex clearly stated explicitly that it is "prepared to support trading markets for both tokens". The firm said that it would manually implement replay protection for withdrawals to prevent attackers from stealing funds from the exchange. Therefore, there could be a chainsplit; users holding BCH prior to the hardfork could end up with coins on both sides of the split.

He showed the audience a screenshot of the email that he received from Wright on the day, announced that they would be siding with Bitcoin Cash ABC's roadmap.

Although there had been some spike in price of bitcoin cash (trading above $600), after the announcement of the fork, the price was $580.12 at the time of writing this article.

These planned hard forks were meant to stave off disagreements about whether and when the cryptocurrency should activate these protocol upgrades, which require all full node operators to upgrade their software to the latest version.

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Bitcoin Cash Block No 1542300000 will have a mandatory upgrade - hard fork -on November 15.

Given that Bitcoin Cash is now the fourth largest cryptocurrency by market cap (worth around $9.75 billion United States dollars at the time of publishing according to Coinlib), there is a substantial amount at stake for both sides.

The exchange made it known in a recently published blog post that, it will settle all BCH contracts done on its platform using the value of Bitcoin Cash ABC at that point in time.

Since listing the coin on the platform, the following pairs are now tradable on the platform BCHSV/BTC, BCHSV/USDC, BCHABC/BTC, and BCHABC/USDC.

They explained that the open-source program "encodes voxel data in a binary format using OP_RETURN outputs of bitcoin transactions".

The Bitcoin Cash community have been heavily discussing and preparing for a possible network split due to two development teams competing on which featured consensus changes will be added to the next upgrade.

At 15:00 UTC, the BCH, BCHABC, and BCHSV markets will be frozen and all outstanding orders will be canceled and a snapshot of the blockchain will be taken.