Is Bitcoincash Abc confused!!!

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3 years ago

On November 15 2020, A fork will be taking place. Bitcoincash will be splited into two chains, We have the Bitcoin-cash ABC and Bitcoincash mmode. With the news About the Fork, most Bitcoincash investors like @RogerVer @AkaneYokoo and others do not support the Bitcoin-cash ABC, so most investors are sticking to the Bitcoin-cash node.

Bitcoincash Abc announces on it twitter Page that it would support both Bitcoincash Node ( BCHN) and BCHA after the chains split.

Bitcoincash Abc also claims that they are releasing the Bitcoin cash Node edition because

They still believe that reliable funding for network development is crucial for building sound global money. It will allow technical talent to be hired at scale so the network can be developed quickly, and it will also fund broader ecosystem development to attract new users. That’s why we’re committed to building on the BCHA chain, which will continue the roadmap we created in 2017.

Before you make a decision of still sticking to Bitcoin-Cash Abc idea you should take note of the condition given.

If you’re a miner, exchange, or other business, you have three choices:

1) Run Bitcoin ABC 0.22.6 (BCHA network), or any previous 0.22.x version, to follow the BCHA chain. This chain will be immune to the risk of wipeout and block reorganization.

2) Run Bitcoin ABC 0.22.6 (BCHN network) to follow the BCHN chain. This chain will NOT be immune to the risk of wipeout and block reorganization

Run both to follow both chains.

Bitcoincash Abc still uncertain About it future and it trying to be both in and also out of his own project. Every lovers of Bitcoin cash, miners, exchange should stick to the original Bitcoincash Node update @bitcoincashnode and not the Bitcoin Abc ( BCHN network).

For more information on @bitcoincashnode you can visit thier official website.

https://bitcoincashnode.org/

The Question nobody is Asking?

@bitcoincashnode should help to answers these question,During the chains splits what is Going to happen to the Bitcoin-cash that is already in our wallet or exchange, will those coin be splited into two ( some parcentage Going to BCHN while others goes to BCHA ) or those Bitcoin-cash in your wallet or exchange wont be affected At all even after the chains split.

Another opportunity

If you have anybody complaining About the High Transaction fee of Bitcoin, why not advice them to switch to Bitcoin-Cash . Low transaction fee and also a handle more transaction than Bitcoin block.

Thank You all.

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3 years ago

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During the chains splits what is Going to happen to the Bitcoin-cash that is already in our wallet or exchange

If they are in an exchange, the answer to that question depends on the exchange, so you would need to ask the exchange before the split (and before they potentially temporarily disable transactions). Most exchanges will treat your deposit as one chain and ignore the other, but some might credit your account for both new chains.

If they are in a wallet where you control the keys, you will control the same coins on both chains (the coins held before the fork are effectively two different copies treated as different currencies once transmitted in post-fork blocks). However, in this scenario, you need to be careful when it comes time to transact with them or your transaction can be unintentionally replayed (the source coins can be sent to the target address on both chains, and if you don't control the key for that target address, you will have lost the coins you didn't intend to send). You will want to watch for advice on how to split the keys once the dust has settled from the fork.

$ 0.00
3 years ago

maybe you are confused?

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3 years ago

And maybe not

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3 years ago

Thanks for sharing this interesting article. I find so helpful words about Bitcoin cash.

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3 years ago