OKEx has officially taken sides in the Bitcoin Cash hash war. According to an official statement made by the Malta-based cryptocurrency exchange today, it will list Bitcoin Cash ABC under the original Bitcoin Cash (BCH) ticker.
Bitcoin ABC Wins with OKEx
The statement reads:
“We will change the ticker of Bitcoin Cash ABC from BCHABC to BCH, and that of Bitcoin Cash SV from BCHSV to BSV at 5am Dec 13, 2018 (CET, UTC +1). At the same time, spot trading of BCHABC and BCHSV will also be suspended. All remaining balance of the original BCH will be settled, and the asset will be removed from your account.”
The Bitcoin Cash hard fork split took place on November 15th and caused a lot of drama within the cryptocurrency community. In addition to the drama, coins began falling at a rapid rate as investors lost confidence.
From the beginning, Bitcoin ABC has been supported by a number of the major cryptocurrency exchanges. Bitcoin ABC is led by Roger Ver, CEO of Bitcoin.com. The more conservative upgrade to the Bitcoin Cash protocol was supported by Coinbase, Binance, and Bitmain from the beginning. Gemini, the cryptocurrency exchange owned by the Winklevoss twins, also voiced it would only support Bitcoin ABC.
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Its competitor, Bitcoin SV, was founded by Craig Wright. Bitcoin SV was the more radical protocol upgrade and increased the block size of BCH from 32MB to 128 MB. Craig Wright named the upgrade Bitcoin SV or ‘Satoshi’s Vision’ because he believes it is what the original Bitcoin (BTC) was meant to be. Wright has claimed in the past that he is the originator of the Bitcoin whitepaper released in 2008 and has been called ‘Faketoshi’ by the crypto community.
Bitcoin Cash ABC has claimed victory. CoinMarketCap, the world’s most used cryptocurrency index, has even kept Bitcoin ABC’s movement under the original Bitcoin Cash (BCH) ticker. Sorry, Faketoshi.
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