Bitcoin Cash Fork Watch: BCH Infrastructure Providers Reveal Contingency Plans

There’s only 10 days left until the Bitcoin Cash (BCH) network hard fork scheduled for Nov. 15. At the moment the upgrade has two competing BCH clients with different ruleset changes, so the upcoming fork could cause a chain split. Because of the contention over certain upgrade proposals, a slew of exchanges and wallet providers have revealed their contingency plans for the upcoming consensus change.

Also read: Developers Launch BDIP: A Bitcoin Cash Proposal Process for Decentralized Apps  

Hard Fork Contingency Plans Are Laid Out

Bitcoin Cash fans have a lot going on over the next week as the community is expecting a fork on Nov. 15, but this time around the consensus changes are somewhat contentious. At the time of publication, there is a disagreement between the two developing teams Bitcoin ABC and Bitcoin SV, which could lead to a network split. Until recently, Bitasiaex, Coinex, and Ledger Wallet were the major companies to have detailed their plans for the fork, but since then a tidal wave of other businesses have come forward.  

Binance and Coinbase

“Binance would like to confirm support for the upcoming Bitcoin Cash hard fork. We will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 2018/11/15 4:40:00 PM (UTC),” the exchange wrote. “Deposits and withdrawals of bitcoin cash will be suspended starting from 2018/11/15 3:00:00 PM (UTC).”

Binance continued by stating that it will follow up with a second announcement after the fork. The exchange concluded by stating that Binance users can refer to the 2018 BCH upgrade Github repository published by the Bitcoin ABC team.   

Poloniex and Kucoin

Wallet Providers Trezor and Cointext

Lots of Exchanges and Wallet Providers Have Come Forward With More to Come

Overall, quite a few exchanges and wallet providers have come forward and there will likely be more statements during the course of next week. In addition to the announcements above, our own Bitcoin.com Wallet, Block Explorer, and other services are currently running “Bitcoin ABC 18.2 with Bitcoin Unlimited 1.5.0.0 as the clients powering our services.” Additionally, another exchange called Bitz revealed on Reddit it would support the November fork, but the platform didn’t detail which implementation they would be running. Lastly, the developer of Yours.org and the Money Button, Ryan X Charles, published a video on what he thinks exchanges and wallets should do to prepare for the fork. Charles explains that he believes infrastructure providers should support both sides if there’s a split. The Money Button creator says he will be looking into this idea in order to implement it into the Money Button wallet.

What do you think about the network hard fork approaching and the two disagreeing parties involved? What are your thoughts on the decisions exchanges and wallets have detailed so far? Let us know what you think about this subject in the comments section below.