Bitcoin cash upcoming fork

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Technology stocks have taken a beating in the past few months on the […]. Markets closed. Dow 30 34, Nasdaq 13, Conde Naste. Retrieved 7 January Retrieved 20 August PC World. Retrieved 5 January Wall Street Journal. Archived from the original on Retrieved April 28, Retrieved 23 April Retrieved History Economics Legal status.

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I agree to receive Promotional emails we won't bother you too often. Our authors Solomon Brown. Most Popular Where to buy Dogecoin? Freewallet Introduces MoonPay to its Platform. Freewallet Unveils second Exchanges. Turn digital money into real goods at Freewallet on the fly.

How to protect your wallet from unauthorised access. About us. For partners. Status page. Submit a ticket. Follow us. Buy gift cards. Mnemonic convertor. Request a feature. All Freewallet products. For questions or offers:. For media inquires:. For business inquires:. Terms of Use. Privacy Policy. In an uncontested hard fork, all miners agree to upgrade and everything continues to run smoothly. Where members of the community disagree with the changes, the fork is contested, so some will choose to accept the new protocol rules and others will continue to use the old protocol rules.

This results in a split in the blockchain as one set of miners mine new blocks with the old rules, and another set of miners mine new blocks with the new rules. In scenario 2, essentially another coin is created. This is how Bitcoin Cash was created during a contentious hard fork with Bitcoin. The chain with more economic activity, hash power, and support from the community is considered the original coin and will continue to trade as such on the exchanges while the other chain is regarded as the new coin.

When a hard fork results in the creation of a new coin in addition to the original coin , this essentially means that all balances on the blockchain at the point of the split are valid for the new coin as well as the original coin. You can continue to trade it as normal before, during, and after the fork. If you believe that as the result of a hard fork there will be two viable currencies moving forward, and you want to have the chance of getting access to the new coins, your best option would be to acquire BCH from another source and then hold your BCH balance on a hardware wallet such as Trezor or Ledger during the fork.

If you decide to do this, please be really careful and do appropriate due diligence as, during these kinds of contested forks, phishing and scam attempts tend to be more common. If you do go for this option, remain vigilant!

Yes, your BCH will remain perfectly safe at Revolut throughout the fork. Although, it may experience price volatility. Our primary goal during this fork is to protect customer funds. Manage your everyday spending with powerful budgeting and analytics, transfer money abroad, spend easily in the local currency, and so much more.

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