Sentences with phrase «chain split»

That's mostly due to the fact that when the original bitcoin chain split into two, it created a lot of «free» bitcoin cash.

Next time there's a major chain split in the future, It'd be really nice if we could do fork futures without a trusted third - party, right?

We're doing this avoid any added complications thanks to this potential chain split, and to ensure that your bitcoin completely secure.

It may not be a usable framework in all future chain split situations, but it works for this one.

Although the network has been very careful in conducting upgrades, an emergency fork last year resulted in an unintended chain split.

First, they can build widespread consensus in the ecosystem around the need for a backwards - incompatible change so as to avoid a confusing chain split.

Are you at all concerned about the possible chain split on August 1?

The impending Bitcoin chain split has sparked warnings of price volatility for several months, with the industry still unable to call what the impact of the rival 2x chain will be.

With less bitcoin holders bothering to claim forked coins, the public's appetite for chain splits is clearly diminishing.

Problems with claiming chain split coins first surfaced during the issuance of bitcoin gold: fake wallets stole users» coins, with the total taken running into millions of dollars.

The Bitcoin Core acolytes pushed forward a Bitcoin Improvement Proposal that if SegWit was not activated by Aug. 1st, a possible chain split would occur.

The lock in of the BIP91 proposal means that as long as 51 % of the network hash power continues to mine blocks that support SegWit, the protocol will activate and there will be no risk of a major chain split.

For now, it appears that the majority of the blockchain community (by hash power) has agreed to adopt the SegWit protocol, which should be enough to avoid a hard fork and eventual chain split on August 1.

They believe at this scale it was very risky for such a backward incompatible fork as after it, everyone including miners and nodes would need to update their software and if anything goes wrong it could create multiple chain splits which could affect bitcoin's image to a very large extent.

Abandoning the fork lifted the Bitcoin price from $ 7,200 to $ 7,800 as traders realized their worst fears (an ugly chain split) would be avoided.

Without majority hashrate support it will create a serious chain split.

It is important to note that this year, every dip in Bitcoin price was recovered in less than a week — whether it be due to China banning cryptocurrency exchanges or fears over chain split.

Coincidentally, almost immediately after the release of Bitmain's blog post which the vast majority of the community accepted as a hard fork threat to Segwit supporters, bitcoin price fell amidst uncertainty surrounding chain split.

Such a split would actually be significantly more damaging than the Bitcoin Cash chain split since it would presumably have the support of a large number of miners.

Not all participants agreed and the result was the Ethereum chain splitting into today's Ethereum and Ethereum Classic.

What if it causes a legitimate chain split?

This made developers even more cautious about safeguarding the value of the token without stoking am unexpected chain split.

Chinese digital currency exchange Huobi, one of the largest in the country has informed today that after receiving many users» questions and concerns about Bitcoin Cash (BCC) and potential chain split on August 1st, the company has provided an updated statement about Huobi's stance of Bitcoin scaling and Bitcoin forks as it related to users» assets on the exchange.

Australia - based bitcoin and cryptocurrency exchange CoinTree has announced its stance for the end of the month regarding the Bitcoin network and potential chain split, which would create multiple versions of Bitcoin going forward.

Chain split coins are a trading unit that allows customers to trade on the value of the coins that might be created after the activation of a an event such as a fork, like next month's Bitcoin SegWit2x on the Bitcoin blockchain.

BIP91 Locks In The lock in of the BIP91 proposal means that as long as 51 % of the network hash power continues to mine blocks that support SegWit, the protocol will activate and there will be no risk of a major chain split.

However, if there is just one full node or even a small percentage of full nodes that validate blocks that a majority of miners are mining on, then there is an imminent risk of a chain split.

«So far we have managed to agree on every EIP,» exclaimed Buterin, «The only time anything seriously controversial was proposed was The DAO fork, and this ended up being resolved through a series of polls and votes, followed by implementation, and ultimately a chain split.»

Well, because when the chain splits, it keeps all the older information but follows a new way.

Investors who own BTC before the fork will receive an equivalent amount of Bitcoin Gold after the chain split.

If a chain split happens, we shall suspend buy / sell operations on Zebpay.

The other thing that users are concerned about is the possibility of a chain split (in past we wrongly used the word «hard fork» instead of chain split to describe this).

As in our previous post in March 2017 about a chain split (hard fork), we reproduce (with some changes) the text again as it is valid to how we will deal with UASF as well.

Since the chain split will happen in an unplanned way, we reserve the right to do the above without any prior notice.

In the event of a chain split, Zebpay is technically equipped to handle it as well as any other exchange.

A little over a month ago we published an announcement regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin balances at the time of the chain split.

regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin balances at the time of the chain split.

A little over a month ago we published an announcement regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin -LSB-...] A little over a month ago we published an announcement regarding our ongoing engineering efforts to allow withdrawal of bitcoin cash (BCH) for customers who had bitcoin balances at the time of the chain split.

An attack, a chain split and general chaos on social media aren't getting the developers behind bitcoin's latest fork down.

A chain split creates a new coin with different properties than the old one, separate ledger, and a new independent market.

Since Bitcoin could see the chain split into Bitcoin (BTC) and Bitcoin2X (B2X) in November, the two blockchains up until the point of the split will be the same.

One argument is that owning bitcoin cash is different from the original bitcoin, because otherwise why go through the trouble of a chain split, if not to create a new coin with different properties?

Though past forks have been successful, an emergency fork last year triggered a chain split in the digital currency.

When the team responsible for the original currency do not provide these upgrades, it can result in a fork or a chain split.

The chain split won't affect the trading much.

But given the current state of events its most likely for Poloniex to vote against the chain split at present.

This means that the chain split will not occur at exactly 12:20 UTC on Aug. 1st, but some time after.

Weighing down on its past issues, the latest lack of support for the chain split will further dampen the image of Poloniex.