BitMEX Research has introduced ForkMonitor.info, a dedicated platform for tracking softfork and hardfork network upgrades for Bitcoin (BTC) and Bitcoin Cash (BCH). This initiative aims to enhance transparency during critical blockchain events, particularly the upcoming BCH hardfork.
Key Features of ForkMonitor.info
- Multi-Chain Monitoring: Runs 8 BCH nodes (post-fork focus) and 5 BTC nodes, with plans to expand coverage post-BCH upgrade.
- Open-Source Code: Encourages community-driven fork monitoring and collaboration.
- Consensus Bug Detection: Supports older Bitcoin Core versions and independent implementations (e.g., Bcoin, BTCD) to identify vulnerabilities like CVE-2018-17144.
👉 Explore real-time fork updates
Bitcoin Cash Hardfork: What to Expect
Scheduled: November 15, 2018 (~16:40 UTC)
Potential Chains:
- Bitcoin ABC (updated rules)
- Bitcoin SV (alternative hardfork)
- Original BCH chain (if miners reject upgrades)
Market Impact:
- BCH price surged 32.33% (7-day period pre-fork).
- Broader crypto market rallied alongside BCH’s momentum.
Why Fork Monitoring Matters
- Security: Detects consensus bugs and network splits early.
- Transparency: Provides real-time data during contentious upgrades.
- Community Trust: Open-source model fosters decentralized oversight.
👉 Learn how forks affect your holdings
FAQs
1. What is ForkMonitor.info?
A BitMEX-sponsored tool tracking BTC/BCH forks with open-source node data.
2. Why focus on BCH now?
The November 2018 hardfork involves competing implementations (ABC vs. SV), requiring close monitoring.
3. How does this impact traders?
Forks often cause volatility; ForkMonitor helps users make informed decisions.
4. Will ForkMonitor add other blockchains?
Post-BCH, the team plans to include older BTC Core versions and alternative clients.
5. Is the data reliable?
Yes—nodes are run by BitMEX Research, a trusted crypto analytics team.
Final Thoughts
The Bitcoin Cash hardfork underscores the need for neutral monitoring tools like ForkMonitor.info. By providing real-time insights and open-source access, BitMEX Research empowers users to navigate forks confidently.
Stay updated with ForkMonitor’s latest findings!
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