Topic: [2017-10-7]Coinbase to Support Both Bitcoin Blockchains Following SegWit2x Fork (Read 265 times)
October 07, 2017, 02:48:59 PM
Very curious to see how it would work in the light of weak opt-in replay protection and malicious node masking of BTC1 client. At the current state, there are some chances that SegWit2x will have lots of bugs that might lead to loss of coins on either chain. Perhaps SegWit2x developers would change their code to install real replay protection before release, so their Signatories would be able to provide services on both chains.
October 07, 2017, 12:58:39 PM
Bitcoin exchange Coinbase has announced it will support both competing blockchains following the proposed SegWit2x hard fork that is scheduled for November.
Coinbase made the announcement in a blog post written by Dan Romero, the company’s vice president of operations.
“We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events,” Romero writes. “This is essential in our mission to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange.”
Romero stated that Coinbase will provide customers with access to coins on both blockchains, although they may restrict access following the fork until both blockchains are stable and secure. “We are currently working on the engineering and security requirements for each bitcoin blockchain ,” the post continues.
Although not directly referenced, the post comes just one day after Bitcoin.org threatened to publicly denounce companies that support SegWit2x and do not publicly commit to meet certain demands. In particular, companies must agree to only use the term “Bitcoin” and ticker symbol “BTC” to refer to the original blockchain and may not do anything to “deprive users of their bitcoins”.
Source :https://www.cryptocoinsnews.com/coinbase-to-support-both-blockchains-following-segwit2x-fork/
Coinbase made the announcement in a blog post written by Dan Romero, the company’s vice president of operations.
“We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events,” Romero writes. “This is essential in our mission to make Coinbase the most trusted, safe, and easy-to-use digital currency exchange.”
Romero stated that Coinbase will provide customers with access to coins on both blockchains, although they may restrict access following the fork until both blockchains are stable and secure. “We are currently working on the engineering and security requirements for each bitcoin blockchain ,” the post continues.
Although not directly referenced, the post comes just one day after Bitcoin.org threatened to publicly denounce companies that support SegWit2x and do not publicly commit to meet certain demands. In particular, companies must agree to only use the term “Bitcoin” and ticker symbol “BTC” to refer to the original blockchain and may not do anything to “deprive users of their bitcoins”.
Source :https://www.cryptocoinsnews.com/coinbase-to-support-both-blockchains-following-segwit2x-fork/
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