BitMEX Releases Fork Monitoring Tool in Run-Up to Bitcoin Cash Hard Fork

The research arm of major Hong Kong-based cryptocurrency derivatives platform BitMEX announced it had launched a network monitoring tool for Bitcoin and Bitcoin Cash in a blog post Nov. 5.

ForkMonitor is connected to "Several" nodes on both the Bitcoin and Bitcoin Cash networks.

BitMEX's release is explicitly times to coincide with an upcoming hard fork of Bitcoin Cash, scheduled for Nov. 15.

Today's blog post notes that the focus is temporary, stating "[a]fter the Bitcoin Cash hardfork is complete, the website's intention is to move some of the focus over to Bitcoin.

The platform has rarely held back on its criticism of Bitcoin Cash and its better-known figures - recent social media posts for ForkMonitor describe Craig Wright, a major supporter of the BCH and self-proclaimed creator of Bitcoin, as "Fake Satoshi."

"(Craig Wright's) node, Bitcoin SV, is expected to fork off from the network onto a new chain.

Together with more implementations of the Bitcoin Core client, the tool may assist in spotting irregularities such as the CVE-2018-17144 consensus bug, which developers spotted and patched in September, BitMEX said.

Last month, BitMEX Research published a report revealing that Initial Coin Offerings had almost broken even on funds sold versus funds raised.

By press time, BitMEX is the second largest cryptocurrency exchange globally by reported daily trade volumes.

As CoinMarketCap notes, since BitMEX is a derivatives market, its trade data is "Excluded from the price and volume averages of Bitcoin" on the site.