A hard fork has taken place on the Bitcoin Cash network, resulting in the creation of two separate coins: Bitcoin ABC and Bitcoin SV.
The timeline
- The hard fork was activated on block #556,766 that was mined by SVPool and became the last block for Bitcoin Cash.
- The first Bitcoin ABC block was added by Bitcoin.com pool, and a bit later Mempool mined the first Bitcoin SV, confirming the fork.
Right before the fork Roger Ver said that he had increased hash rate to mine Bitcoin ABC.
“The http://Bitcoin.com pool now has more hash rate on it than the entire BCH network had earlier today,” he wrote on Twitter.
- Bitfinex and Poloniex credited users’ accounts with BAB и BSV, while Bitcoin Cash trading was stopped.
Poloniex announcement:
“We’ve finished converting all BCH balances to BCHABC and BCHSV. The BCH market is now disabled. BCHABC/BTC, BCHSV/BTC, BCHABC/USDC, and BCHSV/USDC markets are open. Deposits and withdrawals of BCHABC and BCHSV are still paused, and will remain paused until the networks stabilize.”
- Bitcoin Cash is also unavailable on Bitfinex. It was replaced by two new trading pairs with BAB and BSV
- Currently, Bitcoin ABC hash rate is significantly higher than the one of Bitcoin SV. However, the big chunk of it is consolidated by Roger Ver’s Bitcoin.com pool.
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