Saturday, July 29, 2017

Our stance on Bitcoin forks

We believe that Bitcoin should be scaled on-chain and off-chain. SegWit2X does both things and, despite the fact that it is not perfect, it has an overwhelming support from miners and users.

We recognize only 1 Bitcoin - the one that has the most mining power proof of work behind it.

In the future we may decide to add support for a minority chain as well.

On the 1st of August in order to mitigate the increased risks of blockchain re-orgs we will require 6 confirmations for all deposits.