Bitcoin cash hard fork

Bitcoin cash has announced a hard fork scheduled for November 15, 2018.

In the past, regularly scheduled hard forks have allowed bitcoin cash to make blockchain updates. But this hard fork is a little bit different and requires special handling on the part of crypto exchanges and wallets.

What Abra users need to know about the bitcoin cash hard fork:

  1. Abra will suspend sending, receiving, and trading of bitcoin cash at 8:00 am PST on November 15, 2018. (If users need access to bitcoin cash during the hard fork they should withdraw all bitcoin cash from Abra before 8:00 am on the 15th).
  2. Users may not be able to see their available balances of bitcoin cash while trading is suspended. Although the balance will not be visible, the bitcoin cash will be secure.
  3. Post hard fork, Abra will need to evaluate which of the resulting bitcoin cash blockchains is longer (and has more hashing power) before determining which fork to follow. There is currently no estimate of how long this process will take.
  4. Once a clear leading fork emerges, Abra will follow that fork (main fork) and restore the ability for users to deposit, withdraw, trade, or hold bitcoin cash.

After the fork, if a new fork (minor fork) emerges in addition to the main bitcoin cash blockchain (main fork), Abra will evaluate the viability of the forks and decide whether to enable access to the minor fork.

Abra will monitor the situation closely and take any action required on our part to help this process go smoothly. We will update affected users as we learn more.

If you have any additional questions regarding the bitcoin cash hard fork process, please reach out to support@abra.com

 

 

 

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