Added On: 14/11/2018
Back to Articles
Bitcoin Cash Fork
There will be a Bitcoin Cash hard fork on November 15th, 2018 at 11:40PM which will generate two versions of Bitcoin Cash. Due to the high expected hash rate and futures price, we expect both coins to be of some value, so we will add both coins to our system and all BX customers will receive coins from both versions.
We will list the versions as follows:
“Bitcoin Cash”: The existing “BCH” ticker will be consider the bitcoin cash version using the Bitcoin ABC 0.18.3
“Bitcoin SV”: Will be the new coin with the new ticker “BSV”
Customers will get equal number of BSV as their BCH balance at the time of the first forked block.
We will move all BCH funds into cold storage prior to the fork and then mix some split coins into the storage in order to protect against replay attacks.
BCH withdrawals will be briefly delayed during the fork, and deposits will be require 100 confirmations instead of the normal 10, in order to protect against blockchain reorganization.
BSV deposits will also initially required 100 confirmations. BSV withdrawals will be open as soon BSV block explorers are available.
Trading of BCH will continue as normal throughout and BCH market will remain open at all times.