How Abra Works

Planning for BCH Hard Fork

Bitcoin Cash (BCH) will be undergoing a network protocol upgrade on November 15, 2020, at approximately 4:00 AM PT.

In connection to the protocol upgrade, there has been a proposed chain-split between the two main BCH clients, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN), making this a hard fork that may result in a chain split and additional token.

Abra will plan to support the chain with the most mining pool support as “Bitcoin Cash” with the BCH ticker.

We shall take the following steps in preparation for the BCH fork:

  • Abra will turn off deposit, withdrawal, and trading of BCH starting at 9:00 AM PT on 14 Nov 2020. This includes deposits and withdrawal of BCH in the Abra Interest Account.
  • A snapshot will be taken of user balances at the time of the fork – November 15 at approximately 4:00 AM PT.
  • The BCH wallet will remain closed until the hard fork is complete and it is deemed safe to open.

Please note that enabling deposit, withdrawal, and trading of BCH may take several days.

Abra currently plans to only support the chain with most mining pool support and customers may not be receiving the chain split tokens resulting from the hard fork

Additionally, Abra will not be able to recover incorrectly made cross-chain deposits under any circumstance due to the lack of replay protection.

Have questions? Please contact us at [email protected] and we will be glad to help.