Why is Bitcoin Cash available in two versions on Binance?
Bennedsen DjurhuusDec 28, 2021 · 3 years ago3 answers
What is the reason behind Bitcoin Cash being available in two versions on Binance?
3 answers
- Dec 28, 2021 · 3 years agoThe reason why Bitcoin Cash is available in two versions on Binance is due to a hard fork that occurred in the Bitcoin Cash blockchain. This hard fork resulted in the creation of two separate versions of Bitcoin Cash, known as Bitcoin Cash ABC and Bitcoin Cash SV. Binance, as a leading cryptocurrency exchange, aims to provide its users with access to both versions of Bitcoin Cash to ensure they have the freedom to choose which version they want to trade or hold.
- Dec 28, 2021 · 3 years agoBitcoin Cash is available in two versions on Binance because of a disagreement within the Bitcoin Cash community regarding the future direction of the cryptocurrency. This led to a split in the blockchain, resulting in the creation of two separate versions. Binance, being a reputable exchange, decided to support both versions to accommodate the preferences of its users.
- Dec 28, 2021 · 3 years agoBitcoin Cash is available in two versions on Binance because Binance believes in giving its users the power to choose. By offering both Bitcoin Cash ABC and Bitcoin Cash SV, Binance ensures that its users have the freedom to trade and hold the version they prefer. This approach aligns with Binance's commitment to providing a wide range of options and supporting the choices of its users.
Related Tags
Hot Questions
- 97
How can I buy Bitcoin with a credit card?
- 83
What are the advantages of using cryptocurrency for online transactions?
- 82
How can I minimize my tax liability when dealing with cryptocurrencies?
- 75
How does cryptocurrency affect my tax return?
- 73
What are the best practices for reporting cryptocurrency on my taxes?
- 69
How can I protect my digital assets from hackers?
- 65
Are there any special tax rules for crypto investors?
- 52
What are the best digital currencies to invest in right now?