bch

Don't forget about the BCH fork


The BCH fork is coming in about 35 hours, as of writing, which means it's time to transfer it to an exchange that will support the forked asset. 

From what I understand, we may (or may not?) see BCH split into two chains, one of which will become the dominant chain and be deemed the true BCH. The other chain will most likely be BCHN because miners aren't so happy about their other option, BCHA, in which they would have to forfeit a portion (8%) of their mining profits, presumably to the developers. I probably wouldn't like that either if I were a miner. This link explains it in a little more detail. 

I'm not sure if wallets like Trust or Atomic will credit users with new tokens, and I sent Nexo support an e-mail with the question about a week ago but haven't gotten a reply. According to the article above (which also links to some official statements), OKEx, Binance, and Poloniex will probably credit users with forked assets, while Huobi and Crypto.com sound like they plan to move BCH assets to their new chain, but keep the forked tokens for themselves if a split occurs.

I have a Binance account so I think I will send my BCH there around this time tomorrow because apparently trading is suspended at 10 AM UTC and the snapshot is at 12 PM. I hope it ends up being profitable.

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cMasta
cMasta

Science enthusiast, semi-smart person, amateur musician, human father, plant father, hoping my crypto bags get me rich.


Gaems and Faucets and Earnings, oh, my!
Gaems and Faucets and Earnings, oh, my!

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