The crypto community has been keeping a close eye on the BCN and buzzing about the rumor of a possible BCN’s pump and dump affair

To address the rumor and re-establish transparency, the BCN’s team decided to run an “Ask-me-anything” event on Reddit on the 16th May, when it announced that the Hard Fork release is postponed.

During the virtual event, the team clarified numerous questions related to the coin’s state and development, its roadmap and any possible issues that the community needs to know.

The community was mainly interested in BCN’s response to the pump and dump scheme rumors, especially following the coin’s implementation into Binance on the 8th May.

BCN’s team responded that the direction of the coin’s price is beyond their control and added that they were never offered information about the listing time on Binance. The team controls the smooth operation of the coin’s software only.

The BCN team acknowledged issues related to the WebWallet system, as well as the 2FA (Two-factor-authentication) process. They reassured the community on their active engagement in resolving the problems and identifying other potential platform problems. In the meantime, it recommended the use of the desktop BCN wallet.  

BCN used the event to announce that the system’s hard fork is rescheduled for a later release. Despite that it is a complex technical process, the update aims to simplify BCN’s code, improve the P2P (Peer-to-peer) protocol and introduce dynamic fees in the system.

The current market analysis of BCN indicates that its price decreased by almost 8% in just 24 hours, and is currently being traded on the market at a $0,008648 price.

Binance BCN cryptocurrency news crypto news Hard Fork

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