BitcoinABC [BitcoinCASH Hard Fork] Announcement
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[Update on 14 Nov 2017; 08:30 AM, IST]:
BitcoinCash (BCH) appears to be successfully navigating a planned hard fork.
At press time, the majority of the network nodes (roughly 82 percent) have transitioned to new software (version 0.16.0 or later) that includes rules aimed at making the protocol's reward distribution more attractive to the miners that secure its blockchain.
Executed at roughly 21:00 UTC, the new version of the bitcoin cash blockchain has since amassed six blocks, while none have yet been mined on the older network. The results suggest that, while still possible, the fork will pass without the creation of a competing cryptocurrency.
[Update on 13 Nov 2017; 21:30 PM, IST]: To handle "BitcoinCASH (BCH) - BitcoinABC - Upgrading the Network" - "Bitcoin India" site will be down for 10-hours maintenance, from 9:30 PM, IST; Thank you!!!
[Update on 12 Nov 2017]: Here's an approximate countdown timer for the upgrade
That's November 13th, 7:06 PM GMT, which would be 23:35 PM, IST, 13th Nov 2017.
We have received many inquiries about BitcoinABC (an upcoming BitcoinCASH Hard Fork), please find below our planned course of action regarding the upcoming changes.
We are happy to announce that, If this hard fork happens and as a part of that if new coins gets created, in that case, anyone who have BitcoinCash balance at their “Bitcoin India™ wallet” by before 13th Nov, will be credited with FREE "BitcoinABC" coins in a 1:1 ratio of their current BCH holdings.
Bitcoin ABC has published version 0.16.0 which contains an updated Difficulty Adjustment Algorithm (DAA).
Activation of the new consensus rules will be done on a median time stamp basis on blocks that occur after timestamp 1510600000, which corresponds to November 13th, 7:06 PM GMT. This activation code has been merged.
The exact time of upgrade will depend on the timestamp of the blocks mined after this timestamp.
For full details abour this upcoming HardFork, please visit:
Bitcoin ABC Statement on the Nov 2017 Hard Fork Upgrade
Bitcoin ABC Proposes November Hard Fork to Stabilize Bitcoin Cash Mining Difficulty
In case we could be of any assistance or guidance, or you’d like to share a thought – please https://bitcoin-india.org/customer_support, we’re here for you.
- The CARE Team, Bitcoin India™
(Bitcoin India™ - is the one-and-only startup from India providing these types of products and services under one umbrella, the types of tools that every person requires in the crypto space, such as a full-stack digital asset exchange and trade platform, digital asset wallet services, a merchant payment gateway, club membership, mining services and a mining pool)
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