While the Bitcoin Cash (BCH) community is still configuring which of the two upgrades Bitcoin ABC and nChain should be implemented uniformly in the network. The camps of both upgrades have already released their individual versions of the upgrade, which is slated for November 15th. Meanwhile, popular hardware wallet Ledger Nano S is announcing that support for BCH will be discontinued pending the fork decision.
According to the team, these measures are being taken to avoid unwanted transactions during this period that could lead to retry attacks, loss of money and other issues with the token protocol. Although the exact time frame for the suspension is being announced, it is believed that it will likely be ahead of the hard fork time, around 4:40 p.m. GMT on November 15th.
In addition, the team suggested that users interested in transactions with BCH during the hard fork phase should move their funds to another wallet.
If you still need or want access to your Bitcoin Cash, we recommend moving your Bitcoin Cash to another wallet or exchange platform that will continue to support it during this time.
Please note that in doing so, you would take responsibility for all of the following results. Likewise, it is possible that third-party wallets that already support Ledger devices may also offer independent solutions.
Users can also take advantage of the option to keep their BCH securely in the hardware wallet until viewing around the hard fork is complete. During this period, the BCH holders will not be able to access their funds in the hardware wallet.
If you do not intend to transact your Bitcoin Cash assets during this service interruption, no further action is required. This means that you will not be able to use your Bitcoin Cash account during the service suspension.
On our status page you can monitor when Bitcoin Cash is back online. We will also keep our users informed via our Twitter and Facebook accounts. As soon as the service returns, you will be able to access your Bitcoin Cash again.
In simpler terms, if the user wants to trade BCH during the period under review, they should transfer their funds to another wallet or exchange. In a scenario in which the user also wants to wait for the hard fork result, his money can be “frozen” in the wallet.
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