Most Bitcoin users feel there will be no sequencing in the next few weeks, but it can be a misconception. Although BIP91 is locked into compatibility between SegWit2x and UAHF, it still does not solve the Bitcoin ABC problem. UAHF will take effect on September 1. Trading floors will support this solution during the day 1.8.
Bitcoin ABC is a threat to the Bitcoin network
Some people like to see Bitcoin ABC as a real threat. Although BIP91 solves many of the most pressing issues on the network, HardFork still exists. Possibly, Bitcoin ABC will be the reason for many Blockchain Bitcoin releases in the future. UAHF will certainly create many "friction" on the network when UAHF gain enough hash support.
It seems that ViaBTC pool mining will have full support for this solution. The company provides cloud mining contracts using Antminer S9 hardware to exploit Bitcoin ABC on August 1. Trading platform of ViaBTC starts trading Bitcoin Cash (or BCC) is the product of UAHF. BCC is currently dealing with Yuan.
UAHF solution will cause Bitcoin network decomposition. HardFork will lead to two Blockchain competing, unless the entire mining community unexpectedly supports Bitcoin ABC on SegWit2x or UASF. This is very unlikely and eventually there is a chain split. Day 1.8 is extremely important for Bitcoin, regardless of which solution is supported.
Viabtc introduces the Bitcoin Cash token
Bitcoin ABC is designed to be an introduction to the Bitcoin community. In the form of large blocks and on-chain chain on the network. Bitcoin ABC does not rely on secondary solutions like SegWit, Lightning Network or any future innovation that acts as a second-tier solution.
Bitcoin ABC will not take much advantage over some other Altcoin. Even if many Bitcoin Cash support platforms - BCC will not be considered "real" Bitcoin. Instead, will use the name Bitcoin Cash to indicate clarity: it is just an Altcoin and the community does not fully agree BCC.
With a new label affecting the future of Bitcoin ABC it still takes time to determine.
Considering how BCC (Bitcoin Cash) is traded with the yuan, it seems that BTCC will be part of the crypto market
In view of the many different views, Day 1.8 has the potential to split the Bitcoin chain. Although Bitcoin ABC has a small amount of hashpower support, the BCC string will exist. Bitcoin will be similar to Ethereum and Ethereum Classic, occurring HardFork and appearing ideological differences in the community.
