Bitcoin Cash fork into two separate chains? Bitcoin Cash ABC and Bitcoin Cash SV causing the whole market crashed?
I don’t really know what causes the cryptocurrencies market crashed, Bitcoin to $3000 and Ethereum to $100 … and all other alt coins crashed along with it. However what we know the fact that at the same time just right before Bitcoin Cash forked the whole cryptos market crashed before November 14 2018 and til today November 25th 2018 yet to recover.
It has been depressing for many traders and holders of cryptocurrencies Bitcoin. We can only hope that it was because of Bitcoin Cash, could be coincident, could not. We don’t know. It almost seems like the Chinese sold all their Bitcoin or some whales sold all their Bitcoin causing the market to to drop almost 2 years low.
On Sunday, November 25, 2018, 7:29:40 PM EST, Kraken <[email protected]> wrote:
The recent Bitcoin Cash hard fork resulted in two (for now) viable chains:
Bitcoin Cash (following the Bitcoin Cash ABC protocol and roadmap published by bitcoincash.org)
Bitcoin SV (following the Bitcoin Cash SV protocol and roadmap published by nChain)
As previously announced, tokens of the Bitcoin Cash ABC protocol are listed on Kraken as Bitcoin Cash (BCH). However, Kraken now also support tokens of the Bitcoin Cash SV protocol under the designation Bitcoin SV (BSV).
We took the BCH balance you had at the time of the fork and added an equal amount of BSV to your balance (so if you had 10 BCH at this time, you now have 10 BCH and 10 BSV).
Deposits and withdrawals are presently enabled for both chains. Confirmation requirements are 15 for BCH and 30 for BSV. Sending a non-replay protected BCH or BSV transaction to a Kraken deposit address will result in a credit of BCH and BSV if the transaction transferred both. This means that if your BCH wallet doesn’t support coin splitting, you can send your BCH to Kraken and we’ll credit you both the BCH and the BSV.
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