On 12th September, one of the only cryptocurrency wallet applications that support 28 cryptocurrencies announced its cooperation for the 4th largest cryptocurrency, Bitcoin Cash [BCH]. BCH can now be stored, deposited or withdrawn from the Abra wallet. The platform also added that one can fund their Abra wallet with Bitcoin Cash from anywhere in the world. In its official Twitter announcement, Abra wrote:
“We are pleased to announce that now you can deposit and withdraw bitcoin cash on Abra! Watch our CEO @billbarhydt and @rogerkver talk about the announcement and on all things #BCH https://youtu.be/hUfmjSk0TQw @BITCOlNCASH @BitcoinCashFans”
The much disputed hard fork of Bitcoin Core, Bitcoin Cash was created a year ago due to the clashes of ideas within the BTC community. At present, some of the popular proponents of Bitcoin Cash in the blockchain space are the CEO of Bitcoin.com, Roger Ver, Chief Scientist at nChain, Dr. Craig Wright, the Founder of the mining giant Bitmain, Jihan Wu, and a businessman named Calvin Ayre.
However, the Bitcoin Cash ecosystem is again facing a conflictual situation with the members of the community demanding a further split of the blockchain. The new hard fork of Bitcoin Cash can follow the ideas of either of the two parties: Roger Ver and Jihan Wu with their new Wormhole protocol or Craig Wright an Calvin Ayre with the nChain implementation of BCH.
Many have accused Wu headed Bitmain to have acted as a reserve for Bitcoin Cash. Recently, a developer from the Bitcoin Core community named Jimmy Song came forth at the blockchain cruise held in Spain to speak about the drawbacks of BCH. The main point communicated by him was that the BCH ecosystem is centralized, hence, defeating the purpose of the blockchain.
LitecoinMonkey, an apparent Litecoin follower and cryptocurrency enthusiast shared a response on the BCH listing on Abra. The Twitter user said:
“Good way for @AbraGlobal to make money off @BITMAINtech / Ver dumps.Its a win win. Bch dumps,Abra makes fees,Coin revenue from switched coins stays on exchange, adds to transactional volume on smart contracts for #Ltc #BTC @Excellion @SatoshiLite @fluffypony @WhalePanda thoughts?”
Another cryptocurrency investor and Abra follower expressed disapproval and commented:
“This news seriously makes me want to cancel my account. Definitely won’t be adding anymore funds”
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