The upcoming Bitcoin Cash Hard Fork had provided for a short-term rally of the crypto-currency Bitcoin Cash last week. One of the largest bitcoin payment service providers in the world, BitPay, will fully support Bitcoin Cash ABC Hard Fork.
With Binance and Coinbase announcing their full technical support for the Bitcoin Cash Hard Fork, Bitcoin Cash’s share price has gone up by more than 40% in just a few days. In anticipation of “free” coins that investors will receive on the aforementioned platforms, the Bitcoin Cash Hard Fork is the former digital currency developer in the international debate.
BitPay has announced on their blog that they will fully support the Hard Fork (freely translated):
The BitPay system uses the primary software implementation of Bitcoin Cash, called Bitcoin ABC. Bitcoin ABC planned a change to the Bitcoin Cash Protocol on November 15 over Hard Fork.
BitPay also advises its users that no transactions should be made before, during, and shortly after the fork, as this may entail the risk of lost or duplicated credit. If all financial resources are simply stored on the wallets, there is no risk (freely translated):
However, we strongly recommend that you stop sending or receiving transactions from your Bitcoin wallets at 10:00 am EST (approximately two hours before the diversion). During a hard fork, there is an increased risk that outgoing or incoming transactions will be lost or duplicated.
There are currently two different warehouses within the Bitcoin Cash Hard Fork dispute: Bitcoin ABC and Bitcoin SV. Bitcoin ABC has received prominent support from Binance, Coinbase and mining giant Bitmain, as mentioned earlier. Bitcoin SV, on the other hand, is well received by the pools Coingeek and SV-Pool. As always, there is a dispute about increasing the block size. Bitcoin ABC wants to keep the block size at 32GB, whereas Bitcoin SV wants to implement the “true vision of Bitcoin” and increase that value to 128GB.
Although it currently looks like that Bitcoin ABC can show a clear majority, but the discussion is still far from being finally resolved.
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