RATE Group | Early Trading Shows Clear Preference In Divide Over Bitcoin Cash Fork
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Early Trading Shows Clear Preference In Divide Over Bitcoin Cash Fork

08 Nov Early Trading Shows Clear Preference In Divide Over Bitcoin Cash Fork

Posted at 17:51h in Bitcoin News by

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An experimental market on a major crypto exchange suggests that bitcoin cash users may favor the more established version of the software, Bitcoin ABC, ahead of an expected fork this month.

Due to the technical design of the cryptocurrency, currently the fourth-largest by market capitalization, bitcoin cash users must “hard fork” the blockchain, or adopt a new software version with changes as decided by open-source developers, every six months.

Things are different this time around, though, amid the emergence of a rival version of the software called Bitcoin SV. As a result, anticipation has been growing that bitcoin cash (BCH) may undergo a divisive hard fork in which it splits into two competing cryptocurrencies.

That said, data from cryptocurrency exchange Poloniex, operated by Goldman Sachs-backed blockchain startup Circle, indicates Bitcoin ABC may be the preferred version. After launching markets meant to represent both versions of the software (including the…

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