Monday, November 23, 2020 5:30 AM EST
The two inevitabilities in life: Taxes and Bitcoin forks - David Derhy, analyst, eToro
It was a monumental week for the Bitcoin Cash community, which saw Bitcoin Cash fork in two: Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCHA).
The key issue for the two development teams was whether to implement an 8% tax on the block rewards provided to miners. The BCHA team was for, the BCHN against.
Going forward, it will be interesting to see which cryptoasset is regarded as the ‘original’ Bitcoin Cash. Decrypt reports that most exchanges will be focusing on the crypto with the majority of the hashpower, which seems to be BCHN at the time of writing.
Disclaimer: This article should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been ...
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Disclaimer: This article should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.
All contents within this report are for informational purposes only and does not constitute financial advice. eToro and TalkMarkets makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.
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