How Bitcoin Exchange Market is Preparing for Hard Fork
Bitcoin exchanges are preparing for a potential hard fork execution of Bitcoin Unlimited. While most major Bitcoin exchanges including BTCC, Bitstamp and Bitfinex have clarified their stance on the hard fork contingency, some regional exchanges such as Korbit and HitBTC haven’t come to a consensus in regards to hard fork support. On March 24, Cointelegraph spoke to HitBTC about their questionable statement released to their users about the Bitcoin Unlimited hard fork. In their statement, HitBTC wrote: “Bitcoin Unlimited has been listed on the platform and is available for trading from....
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Currently, there is growing support to split Bitcoin into two different currencies via a hard fork: Bitcoin Unlimited (BU) and Bitcoin Core. BU would remove the 1MB block size ceiling entirely. There is also another proposal, Segregated Witness (SegWit), which would be adopted through a soft fork and raise the block size ceiling to ~4MB and also allow for further protocol improvements like Lightning Network which would reduce the burden on block size even further with off-chain open payment channels. From a trading perspective, a hard fork creates great uncertainty in the near to medium....
Kraken has announced plans to temporarily disable ETH deposits and withdrawals on its platform ahead of a planned hard fork. Kraken is the largest Bitcoin exchange in euro volume and liquidity. It’s also trading in Canadian dollars, US dollars, British pounds and Japanese yen. The fork is slated tentatively for July 20. Traders in ETH, LTC, XRP, XLM, or XDG have been informed by the exchange that dealings in the currency will be disabled for approximately one hour before the hard fork activates. ETH deposits to be disabled 1 hour before the fork. Kraken notes via email: “As you may know,....
It seems the Ethereum community is prepping for a hard fork for around July 20 or depending on how fast the hash rate approaches block height 1920000. This has renewed spirit within the community as the price has bounced back about 5% at the time of this writing. Ethereum’s Hard Fork Will Be Closely Watched. The Kraken exchange has recently stated that....
Though Coinbase has warned its users about Ethereum network instability and some Bitcoin experts have begun to criticize the its security measures, the planned Ethereum hard fork at block 2463000 will still go as expected. According to Kraken Exchange, the fork which will introduce “changes to help protect against the recent DOS attacks on the network,” which will expectedly be reached on Tuesday October 18th 2016 PDT and it may pose a little risk for Ethereum Classic users. “The fork is expected to go very smoothly with the DOS-protected fork quickly becoming the dominant chain while the....
Ethereum’s DAO hard fork update landed on GitHub yesterday, allowing users to vote on whether they support the Hard fork that will refund the DAO after the attack that drained around four percent of the total Ethereum (approx. 50 million US dollars worth at the time) in circulation from the smart contract. Ethereum Reaches A Crossroads with Hard Fork Update. This hard fork update, if successful, would wipe one of the biggest failures to happen in the cryptocurrency ecosystem away, giving the people with a stake in The DAO (and others who suffered from the subsequent price depreciation of....