We address key concerns regarding the November 15 Bitcoin Cash (BCH) protocol upgrade and clarify Bitcoin SV's role amid industry confusion. This advisory provides critical recommendations for exchanges, wallet providers, and service operators navigating the contentious upgrade.
Understanding Bitcoin SV's Role in Bitcoin Cash
Bitcoin SV (Satoshi Vision) is a full-node implementation for Bitcoin Cash, offering an alternative consensus rule set for BCH miners. Unlike fork-generated tokens, Bitcoin SV doesn't create a new cryptocurrency but provides mining operators with expanded protocol options.
👉 Discover how Bitcoin SV maintains Nakamoto consensus principles
Current Miner Support for Bitcoin SV
- 72-78% of BCH hash power backs Bitcoin SV (as of November 14)
- Bitcoin ABC trails at 12-22% support
- Bitcoin Unlimited remains neutral with cross-chain compatibility
Critical Coin Splitting Advisory
During this transitional period, improper coin splitting techniques risk rendering assets unspendable. We outline secure handling procedures:
Recommended Practices
User Security Protocol
- Hold coins in controlled wallets without transactions until chain dominance is established
- Avoid experimental splitting tools during the hash war period
Technical Safeguards
- Do not employ OP_CODE manipulation (OP_CHECKDATASIG/OP_MUL)
- Reject unexecuted script branch exploitation methods
- If splitting is necessary, use post-fork mined coins as chain-specific inputs
Operational Recommendations for Service Providers
Risk Management
- Evaluate suspending BCH transactions until chain dominance emerges
- Implement Bitcoin SV node deployment for business continuity
- Maintain public neutrality regarding competing implementations
👉 Access Bitcoin SV node installation resources
Technical Considerations
- No transaction replay protection exists between ABC and SV chains
- Upgrade resolution timeframe remains uncertain
- Dominant chain emergence may require days/weeks of observation
Frequently Asked Questions
Q: Should exchanges create separate markets for BCH-SV and BCH-ABC?
A: Premature market creation risks liquidity fragmentation. Monitor hash power distribution before listing decisions.
Q: How can users protect their BCH holdings?
A: Non-custodial wallets provide safest storage. Avoid transactions during the transitional period.
Q: What determines the "winning" BCH chain?
A: Sustained miner hash power (Nakamoto consensus) ultimately decides protocol dominance.
Q: Are split coins recoverable if sent to wrong chain?
A: Cross-chain transactions may permanently burn coins. Extreme caution required during splitting attempts.
Q: How long should services wait before resuming operations?
A: Observe at least 144 blocks (24 hours) of consistent hash power distribution before protocol decisions.
Conclusion
The Bitcoin SV team reaffirms commitment to Bitcoin Cash's success through this hash-powered consensus process. By implementing these guidelines, service providers can navigate the upgrade while protecting user assets and maintaining operational readiness for either outcome.
For implementation resources and technical documentation, visit our GitHub repository.