This way users can convert their BCH tokens into any of the pre-hard fork tokens- BCHABC and BCHSV, and vice-versa. However, not long after that the platform added 4 stablecoins.
Some, like Bitcoin.org administrator Cøbra, had recently speculated that Ver was ultimately going to side with the SV faction, but in his new remarks, a reflective and at times subtly distraught Ver pointed to Bitcoin ABC as the best way forward for BCH. With less than a week to go, at news.Bitcoin.com we promise to keep our readers informed of everything that's happening with the upcoming Bitcoin Cash fork.
"Hold you coins in a wallet in which you control the private key".
There's plenty of information out there online concerning this specific fork, so people can be prepared for any changes and the possibility of a network split.
The exchange also made it known that the tokens can be converted back to BCH using a similar process. Within the last seven day time period, Bitcoin Cash is 45.62% against the American dollar along with a move of 1.28% in the past hr.
This hard fork isn't a surprise.
However, Ver does acknowledge that it was only thanks to the ability of one minority group to reject the majority and fork off that created his pet project originally.
In the email, Wright didn't mince his words, severally stating that Bitcoin ABC will die and that those who back it are enemies of Bitcoin. As a result, the blockchain or the protocol of Ripple is gaining more and more traction.
Why is the blockchain splitting? Nothing. If you want ABC, you want shitcoins, welcome to bankruptcy.
Counterparty (XCP) traded 5.7% higher against the dollar and now trades at $3.38 or 0.00052344 BTC. The CEO of Bitmain, Jihan Wu, supports it.
CHIPS (CHIPS) traded 18.5% lower against the dollar and now trades at $0.0451 or 0.00000700 BTC. In contrast, he stated that other Bitcoin SV supporters such as the renowned billionaire Calvin Ayre had been "mature" about the difference in opinion. The last two upgrades back in November 2017 and May 2018 were successful and there wasn't much controversy revolving around those forks.
Accordingly, BU users can choose to follow ABC, SV, or neither. In other for this to happen, miners have to transition to Bitcoin Unlimited, a client from 2016. And after it's price leveled off for a bit, it rose to $610.
As a hard fork occurs, holders of the forked digital currency are eligible to get both coins. Binance, Coindelta, Coinbase and Coinbase Pro will freeze BCH holdings anywhere from 60 to 90 minutes before the fork.