18 Mar '17, 7am

Bitcoin exchanges announce contingency plan for hard fork split

Just two days after Gyft founder and Civic CEO Vinny Lingham’s warning about a Bitcoin hard fork devastating bitcoin’s value, 21 different Bitcoin exchanges have clarified their position on Bitcoin Unlimited (BU) trading. The exchange coalition stated in a hard fork contingency plan that they will trade any BU cryptocurrency as an altcoin alongside bitcoin, thwarting any plan for BU to replace Bitcoin. In software engineering, a fork happens when developers take a copy of source code from one software package and start independent development on it, creating a distinct and separate piece of software. The term often implies not merely a development branch, but also a split in the developer community. The development of Bitcoin Unlimited required forking Bitcoin's code. Once the fork is released, there will be two separate blockchains, even though they contain identical tran...

Full article: https://bravenewcoin.com/news/bitcoin-exchanges-announce-...

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