17 Mar '17, 4pm

Bitcoin Exchanges Unveil Emergency Hard Fork Contingency Plan

Bitcoin Exchanges Unveil Emergency Hard Fork Contingency Plan

A group of nearly 20 exchanges has released contingency plans in the event that the bitcoin network splits in two, creating two competing currencies. The exchanges are now planning to list Bitcoin Unlimited (BU) as they would an alternative cryptocurrency, according to the statement. BU is an alternate implementation of the bitcoin software that seeks to expand the block size in an effort to scale the network's transaction capacity. According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable". Further, the "BTC" designation would only be assigned to BU markets "if, and only if, i...

Full article: http://www.coindesk.com/bitcoin-exchanges-unveil-emergenc...

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