Topic: Do Exchanges Need Advance Notice of a Hard Fork? (Read 140 times)
Yes they do, or at least a token should let know about this kind of changes, like a token swap. I seen small exchanges get messed and take losses because of this kind of things
Does the exchange need to be informed of the fork ahead of time, or can they credit their customer accounts long after the fork date? Thanks
Does sound like you are about to fork.
During the fork of ETH, some of the exchanges already supported the fork and same as with BCH which exchanges also distributed the forked tokens to the BTC holders. I'm not sure though but I think there must be some sort of consensus for it which includes the miners.
Does the exchange need to be informed of the fork ahead of time, or can they credit their customer accounts long after the fork date? Thanks
They will decide if that fork is worth to take the credit, if they want to support it they will list it. But they can also give the fork coin to their customers respectively and at the same time, no listing will happen.
Hello, I have a question. If you fork a coin, such as bitcoin or ripple, to create your own altcoin. Do exchanges need to be on board before it launches in order to prepare for crediting their customer's accounts with the new coin? Or can exchanges decide after the launch, if the coin is gaining steam, maybe even months afterwards, to then credit their customers accounts with the new coin?
Thanks in advance!
Jessica ~
Thanks in advance!
Jessica ~
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