BitMEX officially announced the launch of a new website sponsored by BitMEX called ForkMonitor.info, which can be used to track events surrounding both softfork and hardfork updates for Bitcoin (BTC) and Bitcoin Cash ( BCH).
Bitcoin Cash (BCH) is the star of the new website, however, since ForkMonitor handles eight BCH nodes, compared to five BTC notes. This is not surprising from the fact that the upcoming Bitcoin Cash hardfork, which is a bit of the taste of the week for the beginning of November.
The ForkMonitor team will re-focus on the new sites after the completion of BCH's hardfork, however. Notes on an official blog post:
The plan is to run multiple versions of Bitcoin Core (especially older versions), as well as independent implementations such as Bcoin, BTCD and Libbitcoin. This can be useful for identifying any consensus bugs, such as the CVE-2018-17144 inflation error, discovered in September 2018.
The ForkMonitor code will also be open source in an attempt to encourage similar monitoring by other organizations.
Take the fork
The long-awaited Bitcoin Cash hardfork is scheduled around 16:40 UTC on November 15th 2018.
Three chains of competitors can be born, as noted by BitMEX:
- a hardfork implemented by Bitcoin ABC
- a second hardfork implemented by Bitcoin SV
- potentially the original chain of rules
As often happens whenever a hardfork is scheduled, the price of Bitcoin Cash has begun to glisten.
The price of BCH has increased by 32.33% in the last seven days, at the time of writing this document. Since then it has started a slight correction, but it remains strong, down only 0.58 percent in the last 24 hours.
The pre-fork of Bitcoin Cash has brought the rest of the market with it. At the time of writing, the overwhelming majority of the cryptocurrency market is in the green in the last seven days.
What do you think of the attack waiting for Bitcoin Cash? Let us know your thoughts in the comments below!
Images courtesy of Shutterstock, CoinMarketCap.