Last week, immediately after the Bitcoin Cash (BCH) hard fork, it was too early to say which fork would become dominant. Large exchanges have stopped trading Bitcoin Cash until the chain split is assessed by experts and, having divided the BCH balances into two new assets, took a wait-and-see approach.
Yesterday, there was a first breakthrough in the hashrate war and Bitcoin Cash ABC won the first battle.
Huobi Global recognized ABC as a true fork of Bitcoin Cash and officially assigned it the ticker BCH.
On the official page, Huobi Global confirmed that the Bitcoin Cash ABC team was able to provide protection from the transaction replay attack on both BCH blocks and this allowed The exchange will retain the designation BCH for the fork.
Huobi specialists recognized Bitcoin Cash ABC as a longer chain with a better level of protection and restored deposit operations yesterday.
In turn, the Bitcoin Cash SV version received the designation BSV. The exchange intends to distribute BSV tokens in a 1:1 ratio, in accordance with a snapshot of the balances of Bitcoin Cash holders. BSV deposits will become available today, but withdrawals are still blocked for both assets.
Despite defining its position regarding the new networks, Huobi Global officially warns its users about the possibility of trading risks and the unpredictability of price fluctuations caused by the hard fork.
Most crypto platforms began to prepare for the hard fork in advance, but in the end, it was not possible to avoid confusion in the market in the first days after the network split.
Most crypto exchanges decided to consider ABC the main branch and give it the ticker BCH, others added both forks with new tickers. As a result, a list of platforms appeared on the network that assigned the ticker BCH Bitcoin Cash ABC. (For sure, it will be updated in the coming days)
• Kraken
• Bitpay
• Bitstamp
• Coinbase
• Coinex
• Bithumb
• Upbit
• Coinone
• Korbit
• Bitcoin.de
• Bittrex
• DMM
• 50x
• Voltaire
• Mercado Bitcoin
• Southxchange.com
However, talk about the absolute It’s still too early for the winner of the hard fork war; in any case, it’s more of a marathon race. The Bitcoin Cash hard fork provoked a strong movement in the cryptocurrency market and hit the reputation and price of Bitcoin Cash the hardest.
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