Tomorrow is August 1st, the long-awaited date for the Bitcoin-blockchain upgrade. That’s why you are asking us: what’s about HolyTransaction and Bitcoin Cash?
This upgrade, in fact, will cause a hard fork and so the creation of a new chain (and so a new digital currency) called Bitcoin Cash. This will:
So, our users are asking if HolyTransaction will support Bitcoin Cash within the multicurrency wallet.
HolyTransaction, in fact, would like to announce that should UAHF choose to increase the Bitcoin block size on August 1st, our customer platform will not support the new blockchain or coin on that date.
Due to technical complexities, time and quality assurance needed to implement a second bitcoin ruleset and blockchain we will not support it.
We currently consider Bitcoin Cash as another cryptocurrency, though Bitcoin Cash’s transaction history would be the same as bitcoin’s .
A few days ago, we shared a blog post in support of UASF or User Activated Soft Fork.
It is a system for the activation of a soft fork that might occur on a specified time enforced by full nodes, a concept that is also called “economic majority”.
In the past years, a UASF was successfully developed to activate the P2SH soft fork (BIP16).
Instead, currently, the UASF is combined with the so-called SegWit activation in the BIP148 proposal.
Click here to read more about UASF.
We know that some users are curious to see what happens with Bitcoin Cash, but we are currently not supporting this altcoin.
Let’s see what happen and happy trading!
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