The exchange Poloniex support the two chain Bitcoin Cash after hard forks

Cryptocurrency exchange Poloniex this Wednesday announced that it will support both bitcoin Cash chains, which can be formed after the hard fork, scheduled for November 15.

"On November 15, there will be an update involving two competing development teams proposing their own consensus rules that are incompatible with each other: the implementation of SV and the implementation of ABC," the company writes. – We believe that our responsibility as an exchange is to maintain neutrality and allow the community to decide which chain to support. Accordingly, we plan to support trading in both markets for two tokens."

Most exchanges, which to date have volunteered to participate in the hard fork of Bitcoin Cash, in their messages did not specify which chain they would choose, or expressed support for the Bitcoin ABC client.

Thus, the Poloniex solution can ensure the economic survival of both chains, at least in the first stage. Technically, the followers of both fork variations should not have any problems with maintaining the viability of their networks, regardless of the amount of computing power they will have. The Bitcoin Cash code implements a mechanism for urgent adjustment of complexity, which is able to quickly adapt the complexity of mining depending on the amount of computing power at a particular time, which is not, for example, bitcoin.

Curiously, the Circle firm, which earlier this year acquired the Poloniex exchange, in may held a round of fundraising for $ 110 million, led by the Chinese mining company Bitmain. Bitmain is one of the key players in the Bitcoin Cash ecosystem and in the latest dispute is taking the side of Bitcoin ABC.