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Namaste tribe! As you’re aware, the upcoming Bitcoin Cash (BCH) hard fork is scheduled for 15th November, and we’re happy to confirm that we support the hard fork.
What does the fork mean for me?
Remember how Bitcoin’s hard fork in August 2017 led to the creation of a new blockchain and currency — BCH? Similarly, the Bitcoin Cash hard fork will result in the creation of a new blockchain — Bitcoin SV or Bitcoin ABC, and currency — BCHSV or BCHABC. After the hard fork, you’ll get BCHSV or BCHABC equivalent to the amount of BCH you’re holding on WazirX before the hard fork. For example:
👉 Before the fork: If you’re holding 10 BCH in your WazirX wallet
👉 After the fork: You’ll have 10 BCH + 10 BCHSV or BCHABC
Schedule:
👉 Snapshot time: We’ll take a snapshot of your BCH holdings at 10PM IST on 15th November, 2018. You’ll get the new BCHSV or BCHABC tokens based on the amount of BCH you hold at 10PM on 15th November
👉 BCH Withdrawals will be suspended at 2PM on 15th November, 2018
👉 BCH Deposits will be paused at 7PM
👉 BCH Trading will be paused from 9:50PM to 10:10PM, i.e., 10 mins before and after the snapshot
What do I need to do?
Nothing! If you’re holding BCH on WazirX, you don’t need to do anything at all. We will handle all technical requirements to ensure a smooth transition for you. We will also make an announcement after the snapshot is complete, and when deposits and withdrawals for BCH resume.
You can earn 1% bonus on every BCH, BTC, ETH, XRP, TRX & LTC deposit on WazirX before 16th November! Hurry up, and participate here!
For more info on the fork, please read the update from Bitcoin Cash here.
*Above content is migrated from medium to wazirx blogDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
