In order to help clarify this ongoing issue, BitMEX, the cryptocurrency platform known for its leveraged trading, has launched ForkMonitor.info to provide up-to-date information on the latest Bitcoin forks.
We are proud to announce the launch of https://t.co/uT9Of0qctZ, a new website sponsored by BitMEX Research. The site is connected to several nodes, both Bitcoin and Bitcoin Cash. It can be used to monitor the network during softforks or hardforkshttps://t.co/BpvHtwNUUM pic.twitter.com/WiPTZPtiu9
— BitMEX Research (@BitMEXResearch) November 5, 2018
According to the announcement, the new site assists in the monitoring the situation during network upgrades, both soft forks and hard forks, in addition to providing a useful tool to stay on top of unintentional consensus bugs.
“The website is primarily geared towards Bitcoin Cash, running 8 Bitcoin Cash nodes compared to 5 Bitcoin nodes. The reason for this is the upcoming Bitcoin Cash hardfork, where several different nodes appear designed to follow different chains,” reads the announcement.
As we previously reported, the most relevant upcoming fork centers around a fundamental disagreement between Amaury Séchet’s Bitcoin ABC and Craig Wright’s nChain over changes to the BCH protocol that were proposed by ABC.
The website’s release comes several days after BitMEX CEO Arthur Hayes outlined a bearish thesis for Bitcoin in the firm’s most recent market research report, where he gave a $2,000 to $3,000 price target.
BitMEX’s ForkMonitor will soon have its code made open source, which they hope will help facilitate other organizations to build similar monitors.
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.