Will bitcoin cash hard fork

However, an opposing group against this funding mechanism, Ver included, said that because the software is an open-source protocol, developers should help improve the protocol on a voluntary basis and look for financial resources elsewhere.

Troutner, who told CoinDesk that he will support both chains after the fork, said the real issue behind the dispute is a collective hatred toward Sechet. What the data may indicate is that a fork will take place because the software upgrade by BCH ABC is not supported by the majority of the miners, as more blocks are signaling support to BCHN.

This sort of frustration is already happening at crypto exchanges. Even though it is unclear which chain will become the dominant chain after the fork, a few major crypto exchanges have already announced their support for BCHN, which will inherit the Bitcoin Cash name, assuming the BCH ABC would get the minority of nodes. In a Nov. Since prices of the two newly split cryptocurrencies will be decided by market supply and demand, exchanges play a significant role because they are the ones that allocate the new tokens to their customers.

Ever since then, marketing has been one of the biggest obstacles for the mass adoption of Bitcoin Cash, according to Ver. Subscribe to , Subscribe.

Bitcoin Cash Hard Fork: Here's What Happened

Read more about Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. By holding a BCH balance with us across the fork, clients agree that Copper will handle the fork at its discretion, and understand that Copper may decide not to support Bitcoin Cash ABC at all.

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Bitcoin Cash hard fork: what you need to know The controversial Bitcoin Cash network update is set to take place this Sunday Copper Team. In short, it could be good for Bitcoin Cash in the long term.

Will Bitcoin Cash Undergo A Hard Fork?

We will support Bitcoin Cash Node regardless of the outcome of the fork. Independent custody connected to multiple exchanges. Our settlements and clearing service is backed by our award winning custody technology.