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Create efficient solutions to do everyday low-value transactions outside the bitcoin blockchain. The proponents of on-chain scaling wanted that developers of Bitcoin Core the most popular reference implementation of bitcoin increase the block size limit anywhere from 2MB to 8MB so that more transactions can be added into a block which could help lower down the fees and confirmation times.
People supporting off-chain scaling wanted segwit support segwit removes signature data and attaches it in an extended block allowing more space for actual transactions to be added to Bitcoin which would increase the blocksize to some extent but also help in developing layer two solutions to make bitcoin transactions much faster, cheaper and private. Other changes include: New Transaction Signatures — A new SigHash type provides replay protection, improved hardware wallet security, and elimination of the quadratic hashing problem.
New Difficulty Adjustment Algorithm DAA — Responsive proof-of-work difficulty adjustment allows miners to migrate from the legacy bitcoin chain as desired, while providing protection against hashrate fluctuations. New CashAddr format — CashAddr is a new bitcoin cash address format. A new encoding for being visibly different from a bitcoin address. It is unclear what the future holds for Bitcoin Cash.
You can find the roadmap here. Will it become the dominant currency and take the No 1 spot in terms of price and market cap? Our guess is as good as yours. Share your thoughts on bitcoin cash and let us know if you think bitcoin cash will be able to dethrone bitcoin.
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Prices in India vary from International prices due to local demand and supply. Users use Zebpay at their own risk. Update on 2nd October After that, we shall not accept BCH addresses.
Update on 20th September Update on 12th September Please note that new version of Zebpay app will be released this week in which users can add their BCH address. We shall then start sending users BCH balance after a few days.
Everyone who had the ownership of their private keys or had their coins on the exchange before this date should now have Bitcoin Cash in ratio i. Zebpay will monitor the hard fork process and work to minimise customer disruption until the network meets Zebpay's security standards. Original post on 5th August After that, we shall start sending your BCH balance to the addresses. Bitcoin Cash has the same history as Bitcoin until the fork of August 1, We are working hard to develop the ecosystem in a responsible manner in India. We will update our users again as we figure this out.
Update on 26th August After that, we shall start sending your BCH balance to the addresses. Original post on 5th August For a quick read, you can skip directly to the summary below. We had announced in an earlier update that we will not support Bitcoin Cash and we had requested that users who wish to use Bitcoin Cash, remove bitcoins from Zebpay wallet to a wallet in which they control the private keys.
However, a significant number of users continued to keep their bitcoins in Zebpay. Considering the developments with Bitcoin Cash over the past few days,.
This is the easier part. The more difficult part is to do this technically. This announcement is only limited to confirm to our users that we will be doing this.
However, we need more time to figure out how to take care of this technically, how to actually give users the delivery of Bitcoin Cash. We will monitor the Bitcoin Cash network during the upgrade. Zebpay cannot predict the duration of this upgrade process.
You simply can't. Cause ZebPay is not started support Bitcoin Cash (BCH) yet. Yes, If you are asking about the main Bitcoin (BTC) You can do that by Clicking. › zebpays-support-for-bitcoin-cashc0bab
When the upgrade is complete, we will evaluate the network and take appropriate next steps, including re-enabling sends and receives. We will update you throughout the upgrade process and about the outcome of the fork once the network reaches consensus.
In the unlikely event that multiple viable chains persist after the fork, we will communicate when we have a clearer vision of its result. Did you find it helpful? Yes No.