After weeks of confrontation between the developers Bitcoin SV (Satoshi Vision) and Bitcoin ABC, this Thursday, November 15, both proposals began to undermine different chains, generating two new bifurcated Bitcoin Cash altcoins (BCH). The creation of BCHABC and BCHSV leaves a permanent question among BCH users: now what about my Bitcoin Cash?
Currently, most of the nodes in the network migrated to BCHABC and BCHSV. This caused the main exchange houses and ecosystem services to include these two assets in their platforms. Binance, Bittrex, Poloniex and Bitfinex were the first exchange houses to report that they would support both cryptocurrencies.
Binance stated that its platform would eliminate the pairs of Bitcoin Cash stores (BCC, in this service) and open the exchange this Friday, November 16, for the BCHABC and BCHSV cryptocurrencies. In addition, he clarified that the balances were distributed in a ratio of 1: 1
The balances of BCHABC and BCHSV were distributed to the users in a ratio of 1 BCC = 1 BCHABC and 1 BCC = 1 BCHSV, according to the snapshot of all the Bitcoin Cash balances (BCC) taken at 11/15/2018 4:40 : 00 PM (UTC).
For its part, Bittrex also supports both chains. However, this exchange house will keep the BCH symbol to refer to the network that followed the update proposed by Bitcoin ABC and will use BSV to refer to the bifurcation of the Bitcoin Satoshi Vision client.
Also, Bittrex emphasizes that they will be evaluating the security of the network for the next 48 hours to determine the results and avoid duplication of transactions. During this period, withdrawals or deposits of BCH and BSV will not be available on the platform. Even so, users with funds in BCH on the platform will be able to convert their BCHs into BSV under a parity of 1: 1.
Poloniex was another house of change of cryptocurrencies that quickly established its position before the separation of chains, adopting the denominations BCHABC and BCHSV.
The exchange house converted all balances from BCH to BCHABC and BCHSV with parity of 1: 1. In addition, it will keep deposits, withdrawals and exchange pairs of both cryptocurrencies against BTC and USDC "disabled until the networks stabilize".
Similarly, Bitfinex reported that it will support both cryptocurrencies derived from yesterday's hardfork and that the balances had been credited to BAB (BCHABC) and BSV (BCHSV). He also clarified that "he did not assign the symbol BCH until the fork is complete".
Although the hard bifurcation created two separate chains that are being mined for more than 12 hours, the Bitfinex stance refers to the stability of the network. A milestone that is unknown when it could be achieved, to continue the battle for hashrate.
Coinbase and Shapeshift took similar positions with respect to the bifurcation. Both platforms indicated that they can support either of the two chains and even both, but have not established a position on the matter. These crypto companies suspended the withdrawal and deposit of BCH before the bifurcation and will not reactivate the service until they consider it safe for their users.
Other exchange houses, such as CoinEx, CoinDelta and Indodax, also claimed to include both cryptocurrencies on their platforms.
However, the US exchange house Kraken announced that it would only support the chain that followed the protocol proposed by ABC, and would not accredit funds in alternative chains.
Other services that serve the Bitcoin Cash community such as Trezor, Purse and Bitpay also indicated that they only support the Bitcoin ABC client fork. While services like CoinText, CryptoGames will support both cryptocurrencies. The purses Exodus and Jaxx, meanwhile, indicated that they will only support the chain with greater hash power.
Some Latin American exchange houses, Buda, BitNovo, PandaExchance and BitInka, also announced before the hardfork that they would only support the cryptocurrency that runs the Bitcoin ABC client.
At the moment, in general terms, users of BCHABC and BCHSV can check their balances on the platforms, but not make deposits, withdrawals or exchanges.