8th November 2017

Segwit2x Hard Fork Policy 16th November

Htay Myint

On November 16th, 2017 there is a proposal to make changes to the bitcoin software. This proposal, known as Segwit2x, is likely to create a fork in the Bitcoin network. This means that after November 16th, 2017 there are likely to be two versions of the Bitcoin blockchain and two separate digital currencies.

In the event of two separate blockchains after November 16th, 2017 we will only support one version. We have no plans to support the Segwit2x fork. We have made this decision because it is hard to predict how long the alternative version of bitcoin will survive and if Segwit 2x will have future market value.

This means if there are two separate digital currencies — bitcoin (BTC) and Segwit 2x (B2X) — investors with Bitcoin on BnkToTheFuture will only have access to the current version of bitcoin we support (BTC). Investors will not have access to, or be able to withdraw, Segwit 2x (B2X).

Investors who wish to access both bitcoin (BTC) and Segwit2x (S2X) need to withdraw bitcoin before 11.59 pm PT November 15th, 2017. If you do not wish to access Segwit2X (B2X) then no action is required.

We plan to temporarily suspend bitcoin investments and withdrawals on November 16th, 2017 as the fork is likely to cause disruption to the bitcoin network.

This means your funds will be safe but you will be unable to access or invest with bitcoin (BTC) for a short period of time. If the Bitcoin investment option is available on the platform, that means we have enabled it again. If it does not show, then you can wait till it is enabled again.

Leave a Reply

Your email address will not be published. Required fields are marked *