Why Bcash Has Sticker of $BCC instead of $BCH?

NeuroticFish

legendary

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Quote from: code on July 15, 2018, 01:55:01 PM

to be honest, I'm afraid of such different names of coins, because a beginner can get confused and make a mistake in sending the wrong coin. I think in such cases can be try to to agree in advance

This is what they seem to count on. Use of Bitcoin name in the name of an altcoin, initial ticker very similar to BTC (the change to bch may have spoiled their plans somewhat) and regular claims that their coin is the real Bitcoin.

code

sr. member

Activity: 536

Merit: 251

to be honest, I'm afraid of such different names of coins, because a beginner can get confused and make a mistake in sending the wrong coin. I think in such cases can be try to to agree in advance

CatchSomeAirdrops

jr. member

Activity: 84

Merit: 3

Hey Guys!

So, I have started as Binance Angel late Jan. and Receiving questions Why Bcash in Binance has a ticker of $BCC instead of $BCH?

Heres why :
Jager (Binance) :
Because when Bcash first came out, it's Ticker was $Bcc.
Binance was the first to support it.
Other exchanges then started adding bcash and hitbtc already had a coin with the bcc Ticker so they named it $bch.
Other exchanges then followed hitbtc and listed as bch.

And traders follow-up question is "Why would they not change it?" and here is our answer :
Jager (Binance) :
it's an extremely complicated process and the following happens during the process:
all trade orders must be cancelled
all trading must be halted
deposits and withdrawals halted
all trade history for old name is lost and there's no trade history for new coin.

It's not as simple as renaming variable.
This apply also to Ethos which ticker is BQX.

So,If you are one of Binance Platform user and you keep this issue on your mind, We hope its clear now.
HAPPY TRADING!!!!

Topic: Why Bcash Has Sticker of $BCC instead of $BCH? (Read 163 times)