Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block are now owners of Bitcoin Cash. Jan 02, · Bitcoin Discussion General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections. Aug 15, · When someone comes along and clones the Bitcoin network and gives it a new name (which is the essence of a fork) they will have the same record of all existing coins, and the same record of all coin assignments. This means your same private key works on the new network, just as it did on the old one. What happened on August 1st, ?
Bitcoin cash fork bitcointalkBitcoin Cash fork issues : Bitcoincash
An overwhelming victory for BCH today, removing a lead development team gone rogue. Another chapter in the story of forking for freedom. The chains may now split. Hash rate is the cumulative amount of computing power currently applied to a blockchain. The higher the hash rate is, the stronger and more supported is the network. The hash rate of BCHA is currently in a sharp decline. Speaking to Decrypt, well-known Bitcoin Cash proponent Roger Ver noted that, in his opinion, there were never any doubts as to which network would remain the dominant one.
Such splits occur when a significant portion of the community—and, most importantly, miners—becomes unhappy with changes included in an upcoming software upgrade. This can split a blockchain into two slightly or drastically different versions. According to the proposal, a portion of each block reward was supposed to be deposited to an address directly controlled by BCH ABC.
While there might be some confusion in the coming days as to which Bitcoin Cash is the real BCH, some crypto exchanges have already announced that they will support the fork with the majority of hash power—which appears to be BCHN at the moment. Trading platform Crypto. To get around this, you should first move your existing cold Bitcoins to a brand new address with its own Private Key.
This will only affect the coins on the Bitcoin network side, but it will ensure that when you expose your private key in the next step on the BCH network, there is no risk of an attacker trying to unlock corresponding BTC coins. If they do try, they will find a zero balance since that version of the coin has been moved. I do this through blockchain. In blockchain.
Here you will enter the public address of you current paper wallet, the one containing coins you need to move. This TO address should be brand new, and thus using a private key that is not associated with any of your coins on the BCH network.
You will need to expose your private key now, but your risk is reduced by 15x since the coin on the BCH side is worth that much less.
Note: Blockchain. If your paper wallet private key is encrypted, as mine are, you will be prompted for the encryption password in order to complete the sweep. This is safe to do. Repeat this for any other paper wallets you control.
At the end of this step, all of your coins will belong to NEW private keys on the main blockchain, but on the new BCH blockchain, all of the same keys we just used still control the corresponding coins there. Now that your Bitcoins are safe, you want to unlock your BitcoinCash still stored at those old paper wallet addresses. For this, you need a wallet software that knows how to connect to the new network. Launch the software and create a new standard wallet.
Once that is setup, you will have an empty wallet that is connected to the BCH network. Now you need to import the private keys you just used on blockchain in order to access the corresponding coins on this side. If you use BIP, ElectronCash does not allow you to import the encrypted private key the way blockchain.
An extra step is required! Paste in your Private Key, and provide the passphrase. Click the Decrypt button, and let it spin, then your unencrypted Private Key will be printed down below. You can copy the WIF compressed format or the standard noncompressed format. Note: entering your private key into a website is typically a bad idea. Since we already secured our Bitcoins and are about to move our BCH from this key, the procedure is relatively safe.
The password is not uploaded to the server, but there is always a risk that the site is hacked and manipulated. If you use this same password on other cold wallets or are otherwise security paranoid, you can disconnect your network once the site is loaded. Even better, get a USB-bootable Ubuntu and complete this step in an offline virgin OS as you should have done when you created your paper wallets in the first place!
Enter your non-encrypted private key in the text box or multiple, if applicable, one per line. COM does not validate US citizens, etc. Create the free account, complete the validation, then you want to transfer your money into the platform.
I recommend doing a small amount initially and stepping through the entire process before you send large quantities of funds. In any case, on this page, you will see a recipient address that you can use to transfer your BitcoinCash into the system. Copy that address. When you are ready, hit SEND. You can track the progress of the deposit using any blockchain browser for BCH. I prefer Blockdozer since it is most similar to blockchain.
The address is this format:. It takes some time to get confirmations since the hash power on the BCH network is much lower than the main BTC network, so be patient. Wait until you get 20 confirmations since ViaBTC prevents you from withdrawing prior to that anyway even though they let you trade earlier. In my experience, selling was instant. Now that you have BTC funds, you can withdraw them to your normal exchange, such as Coinbase, or else send them to your paper wallet.
Provide the address of your paper wallet, or else the recipient address from your exchange. Here you can send the funds you traded out to the address you just added above:.
And that is it! Nobody can predict what might happen. In any case, if you decide not to sell some or all of your BCH, you should still sweep it to a new address, just like we did for the BTC. Otherwise, you can use ElectronCash to send the coins to a new paper wallet, created the same way you would for a normal Bitcoin paper wallet. Good day! Do you know if they make any plugins to protect against hackers? Any recommendations?