Bitcoin Cash
$250.28 0.94%
BCH · 157w

Bitcoin Hard Fork Segwit2x Closing-In: Coinbase To Include Both Blockchains

The San Francisco-based trading platform – Coinbase, has just declared an update relating to the SegWit2x Hard Fork. The platform and Wallet provider follows Bitfinex announcement  of its plans for the could-be split.

The provider of more than 36 million wallets to BTC users and traders has showcased its plans for the Segregated Witness 2X fork. The trading platform states that is letting users and costumers know that their main target is to ensure safety and trust within the ecosystem. On top of that, it highlights that there is no action needed to be taken by users:

“Bitcoin can be securely stored on Coinbase before, during, and after the fork. Customers with bitcoin balances stored on Coinbase at the time of the fork will have access to bitcoin on both blockchains,” explains the exchange. After the fork, we will enable access when we have determined each blockchain is secure and stable. We expect this to happen within a few days after the fork, but it may take longer if additional risks emerge.”

Dan Romero – the firm executive, described how the company is still working in the process of Bitcoin Cash [BCH] withdrawals. The platform stated also that it is researching: “engineering and security requirements for each bitcoin blockchain.”

However, this announced did not answer what everybody was questioning – How will each fork be named – as which fork has the right to be called Bitcoin. Moreover, the declared information is quite different from what its initial plans were to not support the previous HF – Bitcoin cash BCH. Now, the firm is stating that access will be allowed to the new blockchain and users do not have to withdraw their coins.

Community members are curious about the decisions made by companies like Coinbase and Blockchain.info as these firms have a lot of users within the bitcoin ecosystem. Coinbase does intend to tell the public how it will deal with the naming the two forks, as the company reveals it will be rel...

Continue on ethereumworldnews.com
Recent news
BCH +0.94% · twitter.com · 11h

@coinbase Have you updated your #Bitcoin #Cash node for the November 15th upgrade? https://bch.info/en/upgrade Bitcoin ABC is forking off to their own chain with an 8% miner tax. Unfortunately, they are also trying to present that fork as #BCH on BitcoinCash dot org

@coinbase Have you updated your #Bitcoin #Cash node for the November 15th upgrade? https://t.co/LMYFpNjOTVBitcoin ABC is forking off to their own chain with an 8% miner tax. Unfortunately, they are al...
BCH +0.94% · read.cash · 20h

How can Build.Cash help you?: End-User Edition.

TLDR: Build.Cash will help you BUILD trust in BCH projects and developers by holding them accountable to their own roadmaps. To help make this a reality consider helping found Build.Cash here on F...
BCH +0.94% · read.cash · 20h

Electron cash wallet: a bitcoin cash SPV wallet

Hello Humans this is my first article on read.cash and i promise to deliver quality article so please dont forget to support me!! Electron Cash is an open-source Desktop and Mobile Bitcoin Cas...