We are now 4 days away from the split, it's time for everyone to take the time to understand what will happen post fork.
The following picture is an attempt to represent the different technical aspects of the upcoming #BitcoinCash contentious fork.
It's not a simple exercise but I believe this is a pretty complete representation of the different mechanisms involved during the fork.
It highlights that the ABC and SV forks are going to share a lot of transaction history and will grow a divergent history simultaneously.
This will be occuring continuously until a definitive split (adding proper replay protection) will be introduced or a fork will be abandonned by the miners or the community.
The picture shows that:
  • the forks are represented by sets of UTXOs that are sharing most of the UTXOs but will diverge slowly with the mining of new blocks and the daily transactions (taking in account the 10 years of Bitcoin UTXO upstream)
  • the blocks will be mined at a different rhythm on each fork
  • the way the blocks are produced does not really impact the graph of transactions
  • a transaction is basically a link between inputs and outputs
  • the use of the new opcodes will split the coin on the chain that support the opcode
  • but the coin will remain available on the other fork(s)
  • the coinbase rewards will accelerate the deviation on each forks as soon as they will be sold or used to transact after the 100 blocks period
  • some UTXOs will be split 1-1 across the forks (doted line) which is basically what happens when a user use a coin splitter
  • there's a potential BCH classic which could be mined then creating a 3rd fork.
It's time to prepare yourself for the war but basically you have 3 main options:
  • keep your coins on a wallet which you hold the private key, then you will be able to load your coins in the future with fork specific wallet
  • or put your coins on an exchange that will split your coins for you (like Bittrex for example),
  • or split your coins with a coin splitter (or using a wallet that will split the coins like ElectronCash).

If you want to read more about this fork potential outcomes, issues and challenges, I also wrote these pieces last week:
1) to discuss the impacts of the fork on the overall BitcoinCash ecosystem
2) to discuss the impact of the coin splitters post #war
3) how businesses based on metadata can avoid data loss
4) and finally, to debunk the FUD spread about coin tainting:
Let's hope that this war will not destroy the value of our BitcoinCash beloved chain...
Oh and btw, to help you protect your business and operate as smoothly as possible during this fork we launched two free services:
Enjoy.
Disclaimer: I might be proven wrong in my analysis in the future so do your own research and follow closely the comments on this article (which I hope will be numerous) to forge your own opinion.
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... to the #war and pass the message to your peers!

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