Cryptocurrency Exchange Poloniex Offers Pre-Fork Trading to Bitcoin Cash Holders

Galtero Lara
Noviembre 9, 2018

The Bitcoin Cash price will likely remain volatile as the hard fork approaches, and will perhaps remain so for some time after, until there is clarity about surviving split chains and the hashrate ratio between all those splits. And what does it mean for your Bitcoin Cash (BCH) investment and Bitcoin Cash price?

With competing proposals locked and loaded for the Bitcoin Cash (BCH) network's planned November 15th upgrades, a contentious fork looks imminent. Depending on how successful the hard fork is, prices should continue soaring or begin a reversal.

In an official tweet on the Twitter profile of the Poloniex exchange, the company spoke about the upcoming Bitcoin Cash fork. Bitcoin Cash has a total market cap of $10.68 billion and $995.78 million worth of Bitcoin Cash was traded on exchanges in the last day. Any user that still holds BCH at this time will "immediately receive an equivalent amount of BCHABC and BCHSV".

What's your take? Which Bitcoin Cash fork will win out?

"You do not have to engage in pre-fork trading".

Gunning does detail he has shown support to the Bitcoin SV ruleset and included it within his library.

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You can purchase BCH on exchanges including Liqnet, Ore, BTCChina, Buda, Incorex, and Coinbase.

In the reality of this, a hard fork and differences between supporters is not such a big deal. Further, news.Bitcoin.com recently reported on the two libraries written in the Golang coding environment and Yenom developers have been working on an iOS compatible Swift implementation of the BCH protocol.

Back in 2017, we got Bitcoin vs. Bitcoin Cash following the first Bitcoin hard fork.

Bitcoin Cash was born from the desire to fix the (then) slowed and expensive transactions of the original Bitcoin. "All the existing Rust libraries were lacking for me in one way or another - You can use it to build a wallet, or a node, do chain analysis, and anything really - I use Rust-BCH myself for projects so I've also benefited from others' contributions and this is me giving back". The exchanged confirmed that it would limit the access following the fork until the new or upgraded coins become secure and stable.

A good percentage of the top exchanges with the highest trading volume for bitcoin cash (BCH) have jointly announced their plans to support the upcoming hard fork of the Bitcoin Cash which is expected to take place on November 15.

According to its development roadmap, Bitcoin Cash hard forks semiannually to ensure that developers have a regular opportunity to introduce new upgrades into the protocol, including those that would render the new software incompatible with previous versions. The result is a blockchain that forks into two paths, each with its own token.

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