Two years after the infamous Bitcoin Cash (BCH) hard fork of 2018, another contentious hard fork started 15 November 2020 at approximately 12:00 PM (UTC).
This means that the network may split into two blockchains, essentially creating an additional token.
The existing one being the BCHN (Bitcoincash Node) while the intended new addition being BCHA (Bitcoincash ABC).
Luno is an exchange platform which has gained popularity in most African countries. They accept cryptos like ETH, BTC, LTC, XRP and BCH.
On November 12, Luno notified their customers about a plan to put a stop to BCH transaction on their platform.
Leading up to the hard fork on 15 November 2020 Luno will pause all Bitcoin Cash (BCH) sends and receives from 12:00 AM UTC, 12 hours before the hard fork. During this time receive transactions will be delayed and sends will not be processed. In order to keep your BCH safe, we suggest not doing any send or receive transactions well before the scheduled date.
Today, 16th November, they reaffirmed their stance
Bitcoin Cash (BCH) transactions, both send and receive, remain unavailable for now. This means that it is not yet possible to receive or send BCH to/from your Luno wallet.
This is Luno's plan after the hard fork is completed and a new BCH formed.
Should there be a blockchain split, and a new token created, no BCHA tokens will be issued by Luno. If you currently hold BCH, and want to receive the new token, we suggest that you move your BCH to a supported wallet - one that supports Bitcoin Cash ABC (BCHA).
My concern now is that I have 2 BCH pending transactions on Luno because I didn't see their earlier notice. I hope when the suspension is lifted, my coins would not have vanished into thin air.
Thanks for reading
