Abra Will Look at BCH Blockchain Hashing Power Winner After Bitcoin Cash’s Hard Fork Split
Abra To Support BCH Blockchain With The More Hashing Power After BCH Fork
In a recent blog post, the team behind the crypto app that supports over 28 cryptos, Abra has informed users of the consequences of the Bitcoin Cash (BCH) fork, which has been scheduled to take place Thursday, November 15.
Just like BitPay, who has since shared how they will respond to the fork along with ensuring users are aware of the possible risks tied to trading during the fork, Abra has done the same.
As per the claims made, Abra will be suspending activity and trading of BCH at 8:00 AM PST. This means that users will not be able to see their BCH balances. This has supposedly been done to protect users’ funds along with the difficulties that arise for handling said apps during this fork.
It seems like Abra, like BitPay, will be measuring rates of performance, given that a split does in fact occur. The latter prefers to sit back on the sidelines, watch and remain with BCH’s Bitcoin ABC. However, the former revealed that after assessing the risks and arriving to a conclusion as to which BCH blockchain supports the most hashing power, they will then follow that fork.
At the time of writing, BCH sits at approximately USD$547.25, which is down approximately 3.66% in the past 24 hours. It also supports a total market cap of approximately $9.5 billion and an overall volume of USD$730 million.
So, who will it be? Bitcoin ABC or Bitcoin SV? How do you think this will all play out? Comment away!