Published: Sun, November 11, 2018
Business | By Tara Barton

Bitcoin Cash and Ripple: Boosting Market Sentiment | Webinar

Bitcoin Cash and Ripple: Boosting Market Sentiment | Webinar

According to Wu, the whole community is united to "kick the fake Satoshi out" and that resistance against cult leaders is very important for the ecosystem of Bitcoin Cash.

The Bitcoin Cash (BCH) blockchain is set to hard fork on November 15. This is the first time we are offering pre-fork trading and it is part of a broader effort to make Poloniex one of the most innovative exchanges in the world.

The upcoming hard fork has led to what some on social media are calling a "hashwar", as both sides are looking to get the majority of the network's hashrate for both security and legitimacy purposes. In the case of the latter exchange, the team has just announced additional information as to how the platform will support the hard-fork on the 15th of November. It further allows BCHSV and BCHABC to change back to bitcoin cash if the users ever wish to withdraw their funds.

According to the most recent price data from Poloniex (UTC 06:40 AM), BCH ABC is trading only about Dollars 100 below, or 8% lower, compared to its parent coin BCH. Notably absent is tether (USDT), the controversial-but-highly-liquid stablecoin.

Both tokens are being traded against Circle's USDC stablecoin, and against BTC. Therefore, there could be a chainsplit; users holding BCH prior to the hardfork could end up with coins on both sides of the split. The other around nChain, publicly advertised by prominent developer Craig Wright, asserts that such changes will lead Bitcoin Cash away from the original vision for Bitcoin as outlined in the whitepaper (which recently celebrated its 10 year anniversary) by founder Satoshi Nakamoto, and instead seeks to increase the block size to 128MB. There is an imminent occurrence of a hard fork (or hash war) that will happen on November 15.

Not only will you still have your BCH, but a hard fork means that the BCH blockchain is splitting in two.

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Due to the technical design of the cryptocurrency, now the fourth-largest by market capitalization, bitcoin cash users must "hard fork" the blockchain, or adopt a new software version with changes as decided by open-source developers, every six months. It includes the Bitcoin SV and ABC roadmap and a list of weighted companies declaring which implementation they are using. Although there are a few businesses whose operations will remain open during the fork, they advise that sending transactions during a contentious fork can be risky due to replay attacks.

During the video, Ver is clearly not enamoured by the prospect of another hard fork less than 18 months after that which created Bitcoin Cash in the first place.

This fork will not activate for a full week, but early returns show that traders are much more confident in BCHABC's ability to retain its value, at least over the short-term.

Zcash (ZEC) is now trading at $128.07 against the United States dollar, a 6.55% change since yesterday. However, BCHABC has nearly twice the volume of BCHSV.

The market has continued to record more gains and the positive momentum continues to dominate.

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