chain goes live, everyone who held Bitcoin will have access to the new forked coin (assuming they held their private keys or were on a platform that supports the fork). In every case, the goal of the malicious software/instructions is to get you to transfer your Bitcoin into the void. This results in the private keys used to claim for the fork now being associated with no funds, this means if somehow your private key got compromised in the process of claiming the fork, there is nothing anyone can do with. This is exponentially less likely to occur the larger n gets. In the aftermath, theyre stuck with either choosing to support both coins, default to the ABC chain as the real BCH or sit tight until they feel comfortable making a decision either way. Update, November 19 : Kraken has announced that it will support bchsv trading "under the designation Bitcoin SV (BSV while reaffirming that bachabc will continue trading under the ticker BCH on the exchange. TIP : As noted above, but to be clear, once you are in Bitcoin for the snapshot, then from that point forward you can sell your Bitcoin. However, we make no promise or guarantee that any alternative chain will be supported If you want the option to preserve/claim tokens on alternative chains, you must withdraw your BCH from Kraken prior to funding being disabled on November 15th. Forked assets tend to pump in the first few days after the fork and then the best of them see higher values far down the road. For PC and the.dmg for mac).
Update, November 16: An unconfirmed post on the r/btc subreddit has begun compiling a list of exchanges that, thus far, have defaulted to assigning the BCH ticker to the ABC fork's rule set. By Thursday evening, we will know who guessed right. That is the gist, lets not focus on the nuts and bolts of forks here.
On this page Ill offer a detailed step-by-step guide for crypto forks, for those who want a simple version of how to ensure you qualify for every fork and claim every fork safely, here. The idea here is that the developers need to double check everything went as planned before taking the main network online. 8 but will come to a close at 15:00 on Nov. Being in a third party wallet or exchange : Sometimes third party wallets and exchanges will support forks, sometimes they wont. Let someone else play crash test dummy, and then once everyone is sure replay protection is there and the wallet is stable, at that point its safe to configure your new wallet and claim your coins. frequently in popular descriptions of Bitcoin and in the user interfaces of wallet software, a distinction is made between confirmed and unconfirmed transactions.
How long to wait after fork bitcoin