Bitcoin Cash Hard Fork: What Cryptology Users Should Expect

bitcoin cash hard fork

Bitcoin Cash will be hard-forked on November 15, 2020, as part of a scheduled protocol update.

The split will occur between the two main Bitcoin Cash clients versions – Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). Hard fork can lead to the emergence of an additional chain, as a result of which a new Bitcoin Cash Node (BCHN) token can appear.

In order to reduce trading risks caused by price volatility and keep users’ funds safe during the hard fork, Cryptology cryptocurrency exchange decided to impose restrictions on BCH from November 14, 21:00 Moscow time.

How will this affect settlements and withdrawals in BCH?

Deposits and withdrawals in Bitcoin Cash will be temporarily unavailable for users during the fork period. The Cryptology team asks its users to ensure that you leave enough time to fully process your BCH transfers before the specified time.

BCH and Cryptology trading

  • The BCH hard fork will not affect BCH spot and futures trading in any way.
  • Bitcoin Cash funds on your account will not be affected by the hard fork.

Will Cryptology support both chains after the fork?

We will support the main BCH chain.

What to expect after a hard fork?

Cryptology will closely monitor the state of the network until an agreement is reached. We will restore payments to BCH when we are confident that all transactions are safe for users.

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