BitMEX releases a hardfork monitoring tool ahead of the Bitcoin Cash hardfork

05 Nov, 2018
by Richard Allen
News
BitMEX releases a hardfork monitoring tool ahead of the Bitcoin Cash hardfork

As we approach November 15, the date set for Bitcoin Cash’s expected hardfork, the research department at Hong Kong-based crypto derivatives platform BitMEX has announced a new tool to monitor Bitcoin and Bitcoin Cash hardforks, according to an official blog post.

“This website can be useful for monitoring the situation during network upgrades (softforks or hardforks), as well as being potentially useful in helping to detect unintentional consensus bugs,”  the blog post reads. Additionally, the website is connected to several different nodes on the Bitcoin and Bitcoin Cash networks.

While the website will monitor the situation during the Bitcoin Cash hardfork, once it’s complete the site’s focus will shift to Bitcoin, with plans to run more versions of Bitcoin which may be useful in spotting consensus bugs, such as the inflation bug CVE-2018-17144 found in September.

Recently, BitMEX CEO Arthur Hayes predicted that Bitcoin’s price could sink as low as $2,000, citing a decline in Bitcoin’s volatility as the basis for his prediction.

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