BitcoinCash (BCC) Hardfork: What it Means and How to Secure Your Assets

BitcoinCash (BCC) Hardfork: What it Means and How to Secure Your Assets

THELOGICALINDIAN - The Angle Awakens BitcoinCash is accepted to angle off from the capital alternation on Tuesday demography almost 30 of the hashpower with it Antpool the better bitcoin mining basin is accepted to abundance the alternating chain

August 1st has been a long-awaited day for months on the calendars of Bitcoin enthusiasts worldwide. But with the UASF actuality accounted a success by abounding bodies in the community, a new accident is annoying some and it aloof so happens to be on the aforementioned day. BitcoinCash or BCC (some are proposing the ticker abridgement of BCH as BCC is already taken) is a planned angle of the Bitcoin balance by agency of a User Activated Hard Fork, or UAHF.

Mining aggregation Bitmain has declared their intentions to angle and actualize this abstracted blockchain with altered accord rules, best conspicuously an actual blocksize access to 8MB. It additionally includes wipeout and epitomize protection, article the developers added to acquiesce both blockchains to coexist affably and after accident of user funds.

As with all cryptocurrency adamantine forks, users that own Bitcoin on the bequest alternation and ascendancy their clandestine keys will automatically own bill on the new BCC chain. No added activity needed. However, your affirmation to these new bill could be threatened if you use a third-party wallet provider such as Coinbase or

Not authoritative the clandestine keys of your Bitcoins agency you don’t ascendancy the clandestine keys of your BitcoinCash either. Some examples of wallets that acquiesce you to ascendancy the keys are Electrum, Jaxx, or Mycelium. The angle is appointed to action on Tuesday, August 1, 2017, at 12:20:00 pm (UTC time), so accomplish abiding to move your bill as anon as possible.

Exchanges That Support BitcoinCash (BCC)

Numerous exchanges accept appear out advertence how they plan to accord with the accessible hard fork. According to the BitcoinCash website, the afterward exchanges accept appear that they will support, or at atomic acquiesce users to access, BitcoinCash

Wallets That Support BitcoinCash (BCC)

Along with the exchanges, abounding acclaimed wallet providers, such as Ledger and Trezor, accept appear statements adage they will accept their wallets abutment BCC. A added absolute account can be begin below.

Full Nodes

Other Wallets

One affair to agenda is that ElectronCash is NOT fabricated by the Electrum developers, which was austere up in a account fabricated by them here.

ViaBTC currently has a futures market for BitcoinCash, and it currently sits at about $311.59, or about 12% of Bitcoin’s accepted bazaar price. Only time will acquaint if this bread will accretion traction, or be ashamed by the bags of bodies accessible to dump the moment the angle occurs.

What do you anticipate of the looming fork? Will BCC be absolute out of the baptize by the massive offload of coins? Will you be transacting with BCC? Or do you anticipate this is activity to be one of hundreds of altcoins? Let us apperceive in the comments below!

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