What is a Bitcoin fork and what is Bitcoin Cash?
We will provide a simple, non-technical explanation.
A Bitcoin fork is a change to the software of the digital currency that creates two or more separate versions of the blockchain with a shared history. Forks can be temporary or permanent, creating two separate versions of the blockchain. When this happens, two different digital currencies are also created like Ethereum and Ethereum Classic.
A small community of Bitcoin users (mainly miners) is planning a hard fork on August 1st from Bitcoin to an alternative protocol called Bitcoin Cash (BCH).
SPARTAEX will accept massive registration from August 20th, till then all registration are on hold. On SPARTAEX are now registered more than 150 professional traders. SPARTAEX will support both Bitcoin protocols from August 20th 2017.
Bitcoin funding will be stoped at 10 am UTC on August 1st — do not deposit or withdraw Bitcoins during the Bitcoin fork
BTC trading is expected to continue as normal across the fork, however we expect some interruption
After the fork SPARTAEX will enable BCH deposits and withdrawals (August 20th 2017)
After the fork SPARTAEX will enable BCH trading in the following pairs: BCH/BTC, BCH/USD, BCH/EUR
Once again we want to reassure our customers that all bitcoins are safe and this event will not affect your bitcoin balances and positions.