Marco Verch / Flickr
Voyager

Abra, an all-in-one cryptocurrency wallet and trading platform, is planning to support the upcoming Bitcoin Cash (BCH) protocols fork that will create two new chains: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV).

According to an email and announcement on Friday, Abra will be deciding which fork to support based on blockchain length and hashing power.

“Post hard fork, Abra will evaluate which of the resulting bitcoin cash blockchains is longer (and has more hashing power) before determining which fork to follow. Since a lot of what is happening with the hard fork is outside of our control, we do not currently have an estimated timeline for this process,” said Abra in the email.

Interestingly, major Bitcoin Cash-holder and ASIC miner-manufacturer, Bitmain, is backing BCHABC with a whopping 90,000 Antminer S9 machines. Additionally, BCHABC is significantly outperforming BCHSV in early pre-fork trading on Poloniex.

Abra

As we previously reported, the upcoming fork centers around a fundamental disagreement between Amaury SĂŠchet’s Bitcoin ABC and Craig Wright’s nChain over changes to the BCH protocol that were proposed by ABC. Included in these changes would be canonical transaction ordering.

Wright claims that the changes would not fit Satoshi’s original vision, prompting nChain to release its own full node BCH client, called Bitcoin SV. This new client notably quadruples the BCH block size to 128MB.

BCH is currently down around 5% on the day to $550.53, giving the Bitcoin fork a $9.61 billion market cap and making it the 4th largest coin in the AltDex 100 Index (ALT100).

More: Craig Wright’s Bitcoin Cash Fork Falls Behind in Early Poloniex Trading
Photo: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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