On November 15th, Bitcoin Cash network will undergo upgrades, which may also lead to a split in its blockchain. This process is called a hard fork. The two new chains, Bitcoin ABC (BCHA) and Bitcoin Cash Node (BCHN) differ on the introduction of an infrastructure funding proposal (IFP) added to the BCHA codebase.
We’re committed first, to protecting the funds of our users. Here’s our plan for the hard fork:
We will suspend withdrawals and deposits at 9.30 AM (UTC) on November 14th. Rest assured that your funds will remain safe and secure as we perform the network upgrade. We cannot guarantee how long it will take to perform the upgrade. However, we will notify you as soon as service resumes on our social media, etc etc Once the upgrade is successfully completed, we will continue to support the most dominant chain, which will be represented as BCH in the app. Read on for information on how we decide. Trading will remain unaffected during the upgrade. How does ZebPay decide which chain to support?
We’re following the decision at Coin Dance, where 72% of miners have stated support for BCHN. In comparison, 0.8% support BCHA and the remaining 27.2% remain undecided.
From these returns, we will continue to support Bitcoin Node (BCHN). If there’s any changes in the results, we’ll be sure to keep you updated.
It’s really been all about following votes these past two weeks, hasn’t it?
