BitcoinCashwillhardforkonNovember152018around4:40pmUTCaspartofascheduledprotocolupgrade.Thisupgradeismorecontroversialthanpreviousonesandmayresultinmultipleviablechainsafterthefork.
InitiallyKrakenwillonlysupportBitcoinABC,whichfollowstheBitcoinCashupgraderoadmappublishedbybitcoincash.org.YoucanviewtheNovember15upgradehere.OnNovember15KrakenwillprepareitsBitcoinCash(BCH)walletstobeBitcoinABCspecificsothatcoinsfromanyalternativechainswillberetainedandnotsentoutfromourwalletsinwithdrawals.Wewillnotsupportanyalternativechainsforfundingortradingonthedayofthefork.Wewillthenmonitorthesituationintheweeksandmonthsaftertheforkandevaluatewhetherornotanychangestoourstancearewarranted,includingthepossibilityofsupportinganalternativechain.However,wemakenopromiseorguaranteethatanyalternativechainwillbesupported.ClientswhowantperfectcontrolshouldwithdrawtheirBCHfromKrakenpriortothefork.
Whenwilltheforkhappen?TheforkisexpectedonNovember152018around4:40pmUTC.Technically,theforkwilloccurwhenthemediantimepastofthe11mostrecentblocksisgreaterthanorequaltoUNIXtimestamp1542300000.Youcanviewaforkcountdownhere(wedonotvouchfortheaccuracyofthissitehowever).
Willfundingbedisabledaroundthetimeofthefork?Yes–wewilldisableBitcoinCash(BCH)fundingapproximately60minutespriortothefork.BesuretomakeanyBCHdepositsorwithdrawalssafelyaheadofthistime.AftertheforkwewillnotenableBCHfundinguntilwethinkitissafetodoso,andwedonotknowinadvancehowlongthismaytake.
Warning:aftertheforkifyouwishtopreservecoinsfromanyalternativechainsinyourpersonalwallets,besuretosplityourcoinsandonlysendcoinsfromtheBitcoinABCprotocoltoKrakenBCHdepositaddresses.KrakenwillnotcreditcoinsfromalternativechainssenttoBCHdepositaddressesafterthefork.
Willtradingbedisabledaroundthetimeofthefork?No–BCHtradingwillcontinueacrossthefork.Afterthefork,anyBCHbalancesinyourKrakenaccountwillbetokensoftheBitcoinABCnetwork(theprotocolandroadmappublishedbybitcoincash.org).
ExtremevolatilityshouldbeexpectedBecautioustradingBCHaroundthetimeofthefork,astheremaybeextremevolatility.
ServiceavailabilitynotguaranteedWeoftenseedenialofserviceattemptsthatcoincidewithhardforksorhighmarketvolatility.TradersshouldplanforintermittentandunpredictableaccesstotheKrakenserviceandotherpossibleunexpectedbehavior.
Followusforanyupdatesonthehardfork
Twitter:https://twitter.com/krakenfxStatuspage:https://status.kraken.com/
Whataresomeofthepossiblealternativechains?
BitcoinSVThemainrivaltoBitcoinABCisBitcoinSV,whichisproposedbynChain.YoucanreadtheannouncementaboutthecreationofBitcoinSVhere.BitcoinSVdoesnotpresentlymeetKraken’slistingrequirementsandisunlikelytobesupported.
NoChange(BitcoinNayBC)TheremayalsobeachainthatcontinuesthecurrentBitcoinCashprotocolwithnochangeorupgrade.Advocatesofthisoptionarenotnecessarilyagainstanychangeorupgrade,butthinkthatanychangeshouldwaitforalatertimewhenalesscontroversialchangecanbefound.ItisunlikelythatthischainwillhavesufficientminingpowertoremainviableandKrakenhasnoplanstooffersupport.
Krakenhasnotannouncedintenttosupportanyalternativechains.Thismeansthatyoushouldnotexpecttoeverbecreditedwithanyalternativeforked/airdroppedcoinsrelatedtothisevent.Ifyouwanttheoptiontopreserve/claimtokensonalternativechains,youmustwithdrawyourBCHfromKrakenpriortofundingbeingdisabledonNovember15th.ByleavingyourcoinsonKrakenthroughtheupgrade,youarepotentiallyforfeitinganycoinsonalternativechainsthatmightotherwisebeavailabletoyou.
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