How Will Coinbase Wallet Exchange Treat Bitcoin Cash (BCH) Hard Fork
Bitcoin Cash, the fourth most important virtual currency by market capitalization, will experience a hard fork on May the 15th. The update will be known as Bitcoin ABC, and will quadruple the block size. In this way, Bitcoin ABC will have 32 megabytes blocks. Moreover, the currency will feature other improvements.
One of the different questions asked by enthusiasts is whether Coinbase will support the new Bitcoin ABC or not. The crypto wallet and platform does not have a clear answer about that.
Will Coinbase Support Bitcoin ABC?
On April the 5th, Coinbase wrote in a blog post that they will be adding support for Bitcoin hard forks in the next months. But they did not made clear if they will also be accepting Bitcoin Cash hard forks.
According to Coinbase, the change implemented by the company will allow customers to withdraw bitcoin forked assets. But they also made clear that they are not announcing support for any specific asset.
“This change will allow customers to more easily withdraw assets associated with Bitcoin Forks across all Coinbase products. We are not announcing support for any specific asset at this time. As always, we look at technical, operational, and legal considerations when deciding which Bitcoin Fork assets to support and will always state on our website which particular assets are supported.”
As mentioned before, Bitcoin ABC will have bigger blocks, and the update could also reduce block intervals to 2.5 minutes, something similar to what Litecoin is doing. Moreover, the fork will increase the upper turn size from 40 bytes to 220 bytes, allowing users to add more data to the blockchain.