The Chinese exchange Bitasia is a trading platform that allows traders to swap a variety of cryptocurrencies including ETH, LTC, ETC, BTC, BCH, and more.
Earlier this week made a statement announcing that it would begin to accept 0 confirmations for bitcoin cash (BCH) for instant trading. This is coming as a first within the various trading platforms which would enable traders conduct trading as quickly as possible.
This means that all parties involved in a trade are willing to accept digital currency before the first network confirmation which overrules the sentiment within the BTC community that at least one confirmation is needed to prevent double spends.
However, a while ago the developers Gavin Andresen and Tom Harding created specific patches that prevents fraud from happening when zero-confirmation transactions take place. However, the bitcoin core (BTC) developers have removed those patches from the core codebase. Now bitcoin cash developers and the community, in general, believe that zero-confirmation transactions are completely safe and have started testing zero-confirms on the main network over the past few weeks.
Some supporters of bitcoin have applauded the idea, others are trying to prove that the recent development would cause more harm than good. A new website called “Doublespend.cash” recently published a list of double spend attempts against zero-confirmations. This is raising suspicion as to whether this new development can be maintained without any flaw.
The reason for this is because transactions under 1 satoshi per byte are typically never propagated throughout the BCH clients. Due to this reasoning, most BCH proponents see the Doublespend.cash website as an attempt to spread FUD (fear, uncertainty, and doubt).
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