derinet® Switzerland
Product names from:
VontobelSVSP
Back

VONCERT Open End on Bitcoin Cash

  • Valor 40309990
  • ISIN CH0403099903
  • Symbol ZXBCAV
Bid (indicative)
Ask (indicative)
CurrencyUSD
Price on
Sell
Buy

Information on the Fork of the Bitcoin-Cash Protocol
In connection with the Fork of the Bitcoin Cash Protocol into two units of account, Bitcoin Cash and Bitcoin SV, which took place on November 15, 2018, the Issuer will make the following adjustment of the VONCERT Open End on Bitcoin Cash: Investors who had invested in the VONCERT Open End on Bitcoin Cash at the end of 14 November 2018 will receive one new VONCERT on Bitcoin SV per product booked into their securities account. The delivery date for the new VONCERT will be on or around 5 February 2019; the valuation date will be 13 December 2019.
The Voncert on Bitcoin SV will not be listed on the stock exchange and is expected to be traded off-exchange with some restrictions from mid-February 2019.

USD per 1 XBNUSD 
Please note that this is an indication.

Documents

Bitcoin Cash

Bitcoin Cash

02 July 2019
On 1 August 2017 Bitcoin Cash was derived from the original crypto currency Bitcoin. The Bitcoin blockchain was split into two new blockchains - Bitcoin and Bitcoin Cash - by a “hard fork". Both crypto currencies used the same ledger until the fork. At the fork of the blockchain, two different distributed ledgers were created, which from now on are managed independently.

 

Bitcoin Cash allows the blocks to be expanded from one to eight megabytes. This increases the number of transactions that can be processed by the network. Bitcoin Cash will thus be able to compete with transaction volumes of big players such as PayPal and Visa. Transactions in Bitcoin Cash also require significantly lower transaction fees than equivalent transactions in the Bitcoin network. In terms of market capitalization, Bitcoin Cash is the fifth largest crypto currency. In November 2018, "Bitcoin SV" was created from a Bitcoin Cash hard fork.



04/04/2020 23:31:50