July 28th, 2017 at 8:28 am UTC · 2 min read
Bitcoin Cash is a separate branch of Bitcoin network. Its developers aim to increase Bitcoin block size to 8 Mb, also providing replay and wipeout protection. Miners, implementing the User Activated Hard Fork (UAHF), decided to avoid SegWit2x and split away, creating a new version of Bitcoin.
Meanwhile Bitcoin Cash provokes mixed reactions. Some exchanges announced that they won’t support Bitcoin Cash and won’t credit their users with new coins, some are still keeping silent.
Andrew King, customer manager at HitBTC, states:
“Our mission here is to provide our traders with the most flexible and up-to-date market tools. From now on you are able to purchase Bitcoin Cash Futures right here on HitBTC, even before the hard fork. Once hard fork takes place, these futures are going to be transformed into BCC.
Also those of you who store a certain amount of BTC on their accounts, will receive the same amount of BCC. All Bitcoin funds, stored on exchange, will be safe before, during and after the fork process.”
Official statement is available here.
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