Bitcoin Cash Undergoes Hard Fork
November 13, ET Source: 21Shares Zurich - 13 November - Bitcoin Cash, the fifth-largest cryptocurrency, is largely expected to undergo a hard fork on November 15th, What is a hard fork? At the precise time of the hard fork, the blockchain splits into two separate blockchains - one following the old rules and one following the new rules.
Depending on the support of the miners and the wider community, either one of the two new forked blockchains may die out if no miner supports it or both forked blockchains may continue to grow with different miners and bitcoin hard fork communities. A prime example for this would be the creation of Bitcoin Cash initially which was itself a hard fork from Bitcoin.
In response to the news of the form which will impact 3 of its eleven ETPs, 21Shares AG has implemented its fork policy. After the fork, the issuer will include BCHN in the products as, based on prevailing sentiment, the industry expects it to be the dominant chain post-fork and it will be supported by the custodians of the affected ETPs. Once the upgrade is determined to be stable, creation and redemption mechanisms will be resumed.
- When this happens, a new digital currency — the forked version — is created.
- Bitcoin Cash Undergoes Hard Fork Swiss Stock Exchange:HODL
- A fork in a blockchain can occur in any crypto-technology platform, not only Bitcoin.
Notices to the above mentioned exchanges have been filed accordingly by the issuer. About 21Shares 21Shares makes investing in crypto assets as easy as buying shares using your conventional broker or bank.
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A History of Bitcoin Hard Forks
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The ultimate guide to Bitcoin Forks
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