Yesterday, there was a split of the cash blockchain of the bitcoin, in the wake of which several top exchanges of the crypto-currency have accommodated the two tokens which had started thereafter.
The original intent was to schedule the hard fork as an upgrade in the network. But the Bitcoin ABC version which is the long standard, after it had managed to grasp handsome amount of support from its miners found itself with Bitcoin SV, which is a rival network and token.
On Thursday, at around 18:00 UTC, both the networks started producing series of new blocks. But in this block making, Bitcoin ABC had an early lead.
According to the data revealed by the Coin Dance, Bitcoin SV was behind by 34 mines at the press time, i.e. ABC had mined 34 blocks more than its rival SV. This had given Bitcoin ABC about 59 percent of the hash power.
In an announcement which was made this Friday, Binance had stated that all the users which are eligible have by now got access to both BCH ABC and BCH SV.
These are the tokens which had arise due to the actions of the different stakeholders who have been providing support to the versions of bitcoin cash software that would be competing in nature.
Binance further added that the allocation of the bitcoin has been done based on the following ratio deduced by the company according to which, 1BCH = 1 BCH ABC and similarly 1 BCH = 1 BCH SV.
The allocation is based on the balances on the 15th of November at 4:40 UTC of the snapshots of all BCH.
The exchange further added that the trading of the newly developed and allotted pairs started at 8:00 UTC and that the deposits and withdrawals of these new tokens have been put on hold until the wallets along with the blockchains are announced “stable and unstable.”
Source: CoinDesk, BitcoinExchange
