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The situation around Bitcoin Cash hardfork stabilizes

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The main event of last week was Bitcoin Cash hardfork, which led to the emergence of a new coin. Cryptocurrency exchanges were able to determine which of the assets would carry the BCH ticket, and begin trading new tokens. However, the process is not yet fully regulated.

Features of the fork of November 14

Usually, hardfork is carried out in order to make changes to the blockchain, after which one of the branches is simply destroyed. However, this time the traditional script was destroyed. The nChain company team decided to create a new coin.

As a result, everyone who owned Bitcoin Cash became the owner of two tokens - BCH ABC and BCH SV. Moreover, there was a heated discussion between the development teams, which even led to hacker attacks and verbal skirmishes. The controversy raged around the following questions:

  • BCH ticket;
  • the title of “true Bitcoin Cash”;
  • the attention of miners.

It is on their decision that the value of each of the assets depends. Cryptocurrency exchange put an end to the dispute. Most of them agreed to support both tokens. However, the BCH ABC team received a palm. It was that one that retained the BHC ticket and the former name Bitcoin Cash. Then the question was decided by public opinion, and then BCHSV lost again. As the figures show, for one coin they gave $ 88.73. ABC is rated much higher, $ 240.

The problem for SV was that not a single wallet now supports its full protection. This means that the same token can be resold an unlimited number of times. The blockchain itself was also quite unstable. As a result of the “reorganization attack”, another vulnerability was revealed. Now there may be a delay or even cancellation of transactions. Moreover, experts admit that these are consequences of intentional actions of developers.

The situation is confusing, and its outcome is not yet clear. Thus, the Kraken exchange, although they allowed BCH SV to trade, issued an official warning. It states that this asset does not comply with its rules, and in normal conditions, it could not be admitted to listing. Virtually all trading platforms massively prohibit replenishing and withdrawing funds in the old and new versions of Bitcoin Cash

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