TIG:On the November 15 2018 Bitcoin Cash hard fork_World Cup Willie

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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