different blockchains, which means there will be two distinct digital assets. Its a day to celebrate for Coinbase customers. Coinbase announced earlier today that they intend to allow users to withdraw forks of the Bitcoin protocol. What is Segregated Witness? Many famous cryptocurrencies like Bitcoin Cash and Bitcoin Gold originated from forks of the original protocol. Will a new asset be created following the fork? Since the formal process is oftentimes difficult and drawn-out, it is sometimes advantageous to instead fork the target coin to form a new cryptocurrency.
Adding Support for Bitcoin Forks to Coinbase The Coinbase Blog
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Coinbase does not intend to support or interact with the uahf chain. Since it is yet unclear which fork will be adopted, if you want to err on the side of caution, you can take Coinbase's advice of transferring your funds before wallets are suspended. This article is for historical reference only. The uahf is scheduled to activate on approximately August 1, 2017. You will only receive B2X for the amount of bitcoin present in your account at the time of the fork. The uasf will not alter any customer funds which are stored in Coinbase. Bitcoin Segwit2x does not have any built-in replay protection, but Coinbase has implemented our own replay protection system.
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