If you're a Bitcoin Cash investor, you might be feeling a little pleased with yourself today, that's because throughout the weekend, Bitcoin Cash has made some fantastic gains and seen some real progression, away from the overall negative trend of the markets.
The much anticipated Bitcoin Cash hardfork is scheduled to take place around 16:40 UTC on Nov 15, 2018. Investors started to pay attention to Bitcoin Cash because on November 15 it will experience a new hard fork.
What is your view on the BCH Fork?
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As is often the case anytime a hardfork is scheduled, the price of Bitcoin Cash has started 'mooning'. Please leave sufficient time for deposits to be processed in full prior to this time. "We will handle all technical requirements involved for all users holding Bitcoin Cash in their Binance accounts".
But after the aforementioned network's upgrade, the ForkMonitor team intends to return its focus to Bitcoin, which may allow for users to spot pertinent consensus bugs on the Bitcoin mainchain, like the now-infamous Bitcoin "critical inflation vulnerability" discovered in September 2018.
As November 15th's Bitcoin Cash network upgrade nears, BitMEX, the world's largest crypto-to-crypto mercantile exchange, has sought to prepare for the bi-annual (twice-a-year) event, which may shape up to be drastically different than its predecessors.
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For the unaware, Bitcoin Cash, Bitcoin's foremost competing chain, hard forks its blockchain twice a year to integrate and activate scheduled protocol upgrades. Coinbase can not predict the duration of this upgrade process. Soon as the upgrade process is complete, Coinbase will take the succeeding steps to re-enable the sends and receives. "In the unlikely event that multiple viable chains persist after the fork, Coinbase will ensure that customers have access to their funds on each chain", said Coinbase.
What happened this weekend, was an organic result of speculation and positive news for Bitcoin Cash, in light of it's up and coming hard fork. Moreover, it also claims that as per the requirement, ti will support the most dominant chain i.e. the fork with the highest stability and most hashing power.
The reason why this is an issue is the fact that an Australian blockchain group called NChain does not agree with new changes to BCH. BCH holders will be receiving an equivalent amount of the new coin created from the Bitcoin Cash chain.
In the last six months, most of the BCH volumes comes from the Asian subcontinent and majority from crypto exchanges like OKEx, Binance, and Huobi.
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