What You Need To Know About Bitcoin Cash
On Saturday, most of the cryptocurrency world was caught by surprise with Bitcoin Cash’s sudden announcement to hard fork on August 1st. Bitcoin Cash is the continuation of Bitcoin Core (BTC) with upgraded consensus rules that allow it grow and scale, a solution to BTC’s current dilemma.
Here’s a list of the exchanges that are for, opposed or undecided on supporting Bitcoin Cash:
Once the hard fork is official, you will own the same amount of Bitcoin Cash equivalent to Bitcoin you owned. Will Bitcoin Cash be successful in the future? Will cryptocurrency exchanges and owners of Bitcoin Cash suffer a loss in the beginning stages of its existence? Some exchanges won’t accept Bitcoin Cash as a currency because of so many unanswered questions and unknowns. It’s highly advised you control your own private keys, especially during times of uncertainty.
Never the less, Coin Market Cap estimates Bitcoin Cash (Futures) valued around $427 CAD ($343 USD), before its activation. Tomorrow, August 1st is an exciting and terrifying day for all that are involved in the cryptocurrency world. We shall see if Bitcoin will, once again, stand the test of volatile times or if Bitcoin Cash will be crowned the new King of Crypto.
***UPDATE*** As of August 4, 2017, Coinbase will credit and trade Bitcoin Cash.
You may also like to read: Bitcoin Cash Proposal May Take Away Decentralization from Bitcoin Core
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