There are a number of implementations active in BCH currently.
Kraken announces support for Bitcoin Cash Node as hard fork looms
The ABC node is technologically advanced and supports a number of innovative changes, creating the foundational architecture for future improvements. The BCHN node, along with the other implementations, are also in favor of technological changes, albeit in a much slower manner.
Due to the differences in opinion relating to how quickly or if changes should be made to the Bitcoin Cash code to support technological advancements like Merklix based sharding, adaptive block size, and Mitra, the BCH community is split into opposing camps. However, according to J.
Stodd said that,.
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However, he added a component that further ignited tensions and escalated the disagreement to a somewhat irreconcilable level, triggering a hard fork. The ABC camp believes that aligning the wealth of the development team is essential to the growth of the blockchain. This is because it ensures that the developers will always act in a manner that is best for the blockchain as it will also be in favor of growing their wealth.
While there are definite ideological differences between the opposing camps, it is important to note that there are personal differences influencing the split as well. We wish them good luck with their new coin and thank them for the free airdrop to all BCH holders.
However, just a day earlier Ver had stated :. This sentiment encapsulates the prevailing response to the ABC announcement. Additionally, there are valid concerns over the fact that the Coinbase Rule was not a discussion rather a unilateral decision.
The Looming Bitcoin Cash Hard Fork: Here’s What You Need to Know
According to coin. The Ver-led BCHN camp has garnered the most support from miners, exchanges and the general community. Binance , Huobi , BTC. If you are holding bitcoin cash, ensure that the wallet provider you are using supports the fork. A controversial and apparently marginally supported network upgrade threatens to create two versions of Bitcoin Cash.
Bitcoin Cash Trading: How to Get Your Hands on This Hard Fork of Bitcoin -
Those responsible for the change plan to implement it on November The upgrade is focused on the issue of developer funding. Those in favor of a hard fork to bring in an integrated development fund form the Bitcoin Cash ABC camp.
- how much is a bitcoin really worth.
- On the November 15 2018 Bitcoin Cash hard fork?
- List of bitcoin forks.
Meanwhile, opponents support the implementation known as the Bitcoin Cash Node. Kraken is the latest exchange to announce its position on the issue. The cryptocurrency trading platform, which recently became the first to boast a banking license, said in a blog post that it will support Bitcoin Cash Node regardless of the outcome of the hard fork. If the new version attracts enough hashing power, the exchange will credit users holding BCH at the time of the split of an equal number of Bitcoin Cash ABC.
The exchange recommends that these Bitcoin Cash margin traders close their positions before the fork.
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