Bitcoin cash is a cryptocurrency which was launched in 2017 by forking the Bitcoin blockchain. it is the largest Bitcoin fork.
On November 15 2020, the Bitcoin cash upgrade will be set in motion and is expected that the network will separate. Exchanges such as Poloniex and many others have revealed plans for the fork and at least 780 out of the 1000 bitcoin cash blocks were mined using the BCHN software.
During the upgrade the latest feature that will be added to the network will be ASERT Difficulty Adjustment Alogrithm(DAA), nevertheless, the community is preparing for a continuous fork. The Infrastructure Funding Proposal (IFP) has been introduce by the BCH full node projects into the code base. Apart from the BCHN software, BCH block has also signaled for ABC which account for 1.09% of thousands of bitcoin mined.
Contingency plans by various infrastructural providers
Poolin has revealed its plans for the BCH fork schedule for the 15th of November 2020. They emphasized that they are currently competing forks proposals, Bitcoin cash ABC and Bitcoin cash Node (BHCN). As a result the mining pool plans to switch all the BCH hashrate to BTC a day before the hard fork and plans to suspend BCH payments on 15th November 2020.
BitGo in preparation for the hard fork will pause all BCH services at 00:00 am on 15th November 2020. They promise to monitor the network and restore as soon as the dominant chain is confirmed in other to keep safe clients funds.
Coinbase has decided to run nodes but once the fork begins a, the system will pause all send/receives to and from the network and will re- enable once the upgrade is successful.
Binance has said that this is a contentious hard fork that may result in an addition token. So the exchange decided to list a leverage token market called "BCHUP" and "BCHDOWN", since the upgrade is supposed to fork out of two chains, BCHA (Bitcoin Cash ABC) AND BCHN (Bitcoin Cash Node).
Conclusion
BCH supporters are therefore advised to sit back and be patient for the completion and outcome of this fork. Whilst they patiently wait, they should keep tight their BCH private keys. Exchanges are also to advise clients on the plans for the upcoming upgrade.
https://news.bitcoin.com/hash-watch-bitcoin-cash-services-reveal-contingency-plans-for-upcoming-fork/https://news.bitcoin.com/hash-watch-bitcoin-cash-services-reveal-contingency-plans-for-upcoming-fork/