A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits
One of the leading cryptocurrency exchanges, Poloniex, announces its plans concerning crediting the users of the trading platform who had BTC in their account balance with matching BCH.
— Poloniex Exchange (@Poloniex) August 4, 2017
Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen
As Poloniex team reports, they've received several inquiries about Bitcoin Cash since the fork. According to the company, their hesitation to immediately support BCH or any other Bitcoin derivative "was and is born out of the desire to ensure the security of network operations and the safety of the users' tokens".
Now the Poloniex exchange announces its plans on crediting users with BCH balance:
We will be crediting users who had BTC in their account balance at the time of the fork with matching BCH. We expect this to occur on or before August 14th.
The Poloniex Team
Distributed database that is used to maintain a continuously growing list of records, called blocks
However, the company details that they have not yet determined if they will be listing BCH as a market on Poloniex nor can they commit to supporting BCH withdrawals right away.
The ability to withdraw BCH will depend on network stability which is completely outside of the Poloniex exchange control, the team adds.