Poloniex exchange offers 'neutral' choice before BCH protocol upgrade

Ripples-xRapid-Platform-Set-to-Integrate-New-Payment-Portal

Background reading: What is a hard fork in cryptocurrency?

The bitcoin cash price had risen considerably in the lead-up to the fork, as investors clamored to position themselves to receive the "BCH airdrop".

Poloniex plans to pause BCH deposits and withdrawals at 14:00 UTC on 15 November 2018. Whatever the case, with the hard fork coupling with a positive market momentum, the next two weeks are bound to be interesting for Bitcoin Cash holders.

It is likely that this is the primary motivating factor for the increase in demand and volume on the Bitcoin Cash, but, of course, there are other factors, such as a developing ecosystem.

A Bitcoin Cash hard fork does not mean that everyone, everywhere will open their wallet to find Bitcoin SV there, too. If you store your crypto in a wallet, make sure you have your private key, so you can access your crypto on both blockchains. All BCH balances will then be set to zero.

Between Sunday and today, Bitcoin Cash has gone up by up to 32%.

Fragmentation tends to be a weakness: A strong determinant of a cryptocurrency project's ultimate success is the number of people using it, and projects such as Bitcoin Cash dream of having the brand recognition of a project like Bitcoin.

This hard fork isn't a surprise. From the beginning of BCH, developers have planned on hard forking the currency every six months. Why? But because the upgrade is irreversible, the majority of miners should agree to migrate to the new protocol for the chain to remain intact. Users can also convert back into BCH and withdraw their coins, but for obvious reasons, BCHSV and BCHABC may not be withdrawn until sometime after the fork.

Software company Bitcoin Cash ABC put forward the proposal, hence the name.

1 person killed in Melbourne stabbing, no known links to terror
Paramedics said they assessed three people at the scene, one with a neck injury: "They are in a suspected critical condition". The suspect was shot in the chest by police, Clayton said. 'The exact circumstances are yet to be determined at this stage.

Why is the blockchain splitting?

Counterparty (XCP) traded up 12.1% against the dollar and now trades at $3.83 or 0.00058643 BTC.

Roger Ver and his companies are following Bitcoin ABC's lead. They also stated that they would be evaluating each hard fork separately and later decide whether to back the fork or to resume pre-fork trading. Additionally, it's supported by Craig Wright, who maintains that he is Satoshi Nakamoto.

From a technical viewpoint, Bitcoin Cash ABC aims to maintain the current block size of 32MB. As a result, Stone has suggested a BCH full node implementation proposed BUIP098.

Accordingly, BU users can choose to follow ABC, SV, or neither.

The one-hour cryptocurrency chart shows an uptrend in the $474.63-$574.45 range and a downtrend that saw the price drop from $611.23 to $597.22. In the past week, its price has increased by 44%. Of course, you may not be able to touch your BCH before that.

The hard fork will take place on 11/15/18 sometime after 11:30 am EST.

What's Next for BCH?

Related News:

  • Iran draws sting from oil prices

    Iran draws sting from oil prices

    The first round of penalties, which included cars, carpets, metals trading and access to the USA dollar, entered force in August. The bans had been lifted under the 2015 nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA).

    Ex-Filipino First Lady Imelda Marcos faces years behind bars

    The Sandiganbayan said the former first lady can have provisional liberty if she posts a cash bond while appealing the conviction. Marcos, who is now a member of the House of Representatives, is running for a governor post in next year's general election.
    Texas guard battling leukemia makes free throw, gets huge ovation from fans

    Texas guard battling leukemia makes free throw, gets huge ovation from fans

    Now Jones is scheduled to resume leukemia treatments in December, he said at a press conference October 31. Jones spent the spring and summer receiving treatment at the UT MD Anderson Cancer Center in Houston.
  • 12 killed in U.S.  bar shooting

    12 killed in U.S. bar shooting

    The shooting at Borderline marks the 307th mass shooting in the USA this year, according to the Gun Violence Archive's records. He said lawmakers would seek to pass gun control legislation when the House meets in January with a Democratic majority.

    Danny Welbeck stretchered off with serious-looking injury

    Guendouzi will partner Granit Xhaka at the base of Arsenal's 4-2-3-1 and they will look to dominate the Sporting midfield. But Arsenal could not take advantage as Aubameyang blasted the resulting free-kick well over the crossbar.

    Two unannounced Pixel phones hinted at in Google code

    The Bonito device appeared on GFXBench last month showcasing Snapdragon 710 processor and corroborating previous rumours. A teardown of the latest version by AndroidPolice contains two codenames that can't be linked to any known device.
  • U.S.  court halts construction of Keystone XL oil pipeline

    U.S. court halts construction of Keystone XL oil pipeline

    Four days after Trump was sworn into office, he invited TransCanada to resubmit its permit application. One of those litigants in this case, the Sierra Club, cheered the decision on substantive grounds.
    NASCAR to consider stiffer penalties for violations

    NASCAR to consider stiffer penalties for violations

    Harvick's crew chief, Rodney Childers, and vehicle chief, Robert Smith, were suspended for the final two races of the season. Instead, we will direct our immediate focus to this weekend's event in Phoenix and control our destiny on the racetrack".
    Chinese diplomats to face grilling on Xinjiang camps

    Chinese diplomats to face grilling on Xinjiang camps

    In July 2017, dissident activist and Nobel Peace Prize victor Liu Xiaobo died of liver cancer while under police custody. All 193 UN member states must undergo a periodic review by the UN Human Rights Council in Geneva, Switzerland.
  • China again declines to reveal details of financial assistance to Pakistan

    China again declines to reveal details of financial assistance to Pakistan

    They issued a joint statement and gave a comprehensive introduction to the specific results of the visit. The second is to consolidate the special friendly relations between China and Pakistan.
    Netflix has six new animated films and series in the works

    Netflix has six new animated films and series in the works

    It follows the adventures of kid vehicle Cory Carson as he navigates the winding roads of childhood in Bumperton Hills. Kids and Family content is such a massive part of Netflix with almost 60% of members signing in for it each month.
    Everything to know about the 2018 Victoria's Secret Fantasy Bra

    Everything to know about the 2018 Victoria's Secret Fantasy Bra

    Elsa - who has been an Angel since 2015 - thinks it is the "most attractive fantasy bra " that Victoria's Secret has ever created. While Elsa is still gearing up for the show, which will air on December 2, she reflected on the magic Fantasy Bras past.


Most liked

Surgeons in Australia separate conjoined girls from Bhutan
They headed into the theatre at 8am, and doctors planned to administer anaesthesia around 8.45am. All the doctors, nurses and surgical equipment assigned to each girl were also colour-coded.

CVS Health reports good financial results in Q3
At third is Northern Trust Corp, which stood pat with 15.16M shares, a 1.28% position in CVS Health Corporation , worth $975.66M. Several salient technical indicators of CVS Health Corporation are now starting to make their way into the trading conversation.

Celtic will be boosted by RB Leipzig’s striker absentees
We earned the right to play our game after that'. "There are two games to go and we have put ourselves back in the mix". So it's a fantastic victory and one I'm very proud of'. 'The most important thing was to win and win well.

Samsung Developers Conference 2018: Everything You Need to Know
The announcement means other companies can start building the voice assistant system into their own machines and devices as well. The company famously partnered with Epic Games this year to bring the insanely popular Fortnite to its tablets and smartphones.

Ariana Grande Knew Pete Davidson Would Mention Her On ‘SNL’
Ariana is now working on her next album, reportedly titled thank u, next , which follows August's Sweetener . Watch her full performance on "Ellen" above .

Mets shake up coaching staff with eye to key addition
The Mets chose to go with an outside the box hire at General Manager. Bones had been bullpen coach since the 2012 season.

Cheryl says love life is 'not happening any more'
Sharing a teaser via her Instagram, you can get a feel of what to expect from " Love Made Me Do It " before its release on Friday. Cheryl knows she can always rely on Bear's grandparents to help her out but wishes her mother Joan would move in with them.

US Midterms: Trump vows to work with Democrats after losing House
The main way that Trump controls conversations-and elections-is by making everything about him, even when few things actually are. Exit polls , which surely will be revised, reported that 29 percent of the electorate were people of color, a new midterm record.

Ban overturned on Polish independence march by nationalists
Another divisive issue has been a statue being unveiled Saturday of the late President Lech Kaczynski in a central Warsaw square. Special tributes to fallen and injured servicemen will also include a Field of Remembrance at Westminster Abbey in London.

Canada’s Bombardier says it will cut 5,000 jobs
The announcement came as part of a larger statement regarding Bombardier's third quarter results. The cuts will come mostly from its aerospace division with some from the firm's rail division.

Emma Thompson sweetly tries to steal a kiss from Prince William
"If you're first up, you have to be more formal on such an occasion...but he's looking wonderful and doing so well". E! News said Thompson joked with William as as he presented her with the honor.

Lionel Messi trained by himself a day after Inter 1-1 Barcelona
After Inter, came Real, who were in a mess, Cultural Leonesa, who play in Spain's third tier, and Rayo Vallecano, who are 19th in the table.

Sarri confirms Eden Hazard will play against BATE Borisov
Giroud told BT Sport: "It's true, I was hoping to score soon because I came back late from the World Cup and lacked a bit of luck. He brings things that no one else now does for West Ham, such as drive and aggression, as well as good technical ability.

Missouri Voters Pass Minimum Wage Increase
In the case of several states, an increase in the minimum wage depended on the election outcome. Not all states on this list will have a large increase in their minimum wage this year.

Trump administration takes step to tighten asylum system
The move was spurred in part by caravans of Central American migrants slowly moving north on foot, but will apply to anyone caught crossing illegally, officials said.