Tuesday , August 3 2021

BitPay, Shapeshift and Purse announce Bitcoin Cash bifurcation | CryptoNews

The Bitcoin Cash Network (BCH) will have a difficult fork on November 15. Given the two incompatible proposals, which will lead to the creation of two different chains, several companies that provide services to BCH users announce their positions from which two options they will support and how they will deal with them. process

Likewise with the payment service provider BitPay, which was published on the official blog will support a chain that follows the protocol proposed by ABC Bitcoin developers. In addition, BitPay added that the platform has no plans to include support for any other bifurcated Bitcoin Cash proposals. On the other hand, the BCH reception and delivery service will be suspended from the hour before the hardfork start. BitPay indicates that this service will only continue when confirming the level of network security.

Positions similar to BitPay are taken by the virtual store Bitcoin.com, which will not support Satoshi Vision (BSV) Bitcoin Cash bifurcation too. Virtual stores, like the other services they offer, will only support Bitcoin ABC 18.2 and Bitcoin Unlimited 15.0.0, according to an official statement.

Also, Purse.io, a platform that allows Amazon to buy crypto currencies, announces the temporary suspension of deposits and shipping transactions with BCH from November 15 at 8:00 am. According to his official statement, the transaction will be returned when the fork is finished. Purse.io confirms that it complies with the Bitcoincash.org roadmap, supporting ABC ABC Bitcoin Cash proposals.

ShapeShift also talks about hardfork. The payment service company stipulates that stores with BCH will be deactivated on the platform 24 hours before they start bifurcation, and they will remain inactive until 48 hours have elapsed from the event. However, the company headed by Erik Voorhees does not specify which chain will support or activate services for BCH and BSV.

Rocketr payment services state, through their account at Twitter, which will support the longest chain on the Bitcoin Cash fork. According to him, "it makes no sense" to support SV if the community supports ABC and vice versa. Therefore, "Be SV or ABC", Payment processor users must wait until the network is stable after hardfork to find out the position of this service.

Finally, among the applications that are betting to support BCH SV's proposal, freelance functions with the FiveBucks platform. The company, which previously expressed its support for the ABC BCH proposal, changed its opinion and explained via Twitter, his disagreement with one of ABC's BCH supporters, Bitcoin.com, which qualifies as "an anti-bitcoin fraud".

Some service declarations are still pending, however, ecosystem companies such as CoinText, which supports the BCH ABC bicurcation, expressed concern about the actions and threats carried out by the main promoter of BSV. CoinText emphasizes that the behavior and responses they receive can produce a climate of instability in the network that has never been seen in 10 years of Bitcoin.

Featured image by artemegorov / stock.adobe.com

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