- 23.01.2020

Bitcoin fork 2020

bitcoin fork 2020While bitcoin has outperformed gold and the S&P index in , data shows even better returns among leading bitcoin “fork”. Sep 25, by Samuel Haig. The Bitcoin Cash community appears to be signaling support for the upcoming BCHN fork, with 82% of hash power supporting.

Bitcoin fork 2020

This fork will bitcoin fork 2020 place bitcoin fork 2020 the 15th of November, and could possibly result in a split of the network. The outcome of the fork is bitcoin fork 2020 uncertain.

Bitcoin fork 2020

It could be that two completely bitcoin fork 2020 chains will start existing, similarly to the split of BCH and BSV exactly two years ago.

Unfortunately, only time can tell the exact bitcoin fork 2020 of this split. So what does this mean for me as a Ledger user?

Bitcoin fork 2020

This is to prevent so-called Replay Attacks bitcoin fork 2020 causing our users to lose funds. At this point, we cannot say anything about when BCH service will be restored.

Bitcoin fork 2020

Its security is not impacted by bitcoin fork 2020 fork. What are my options? From here, you basically have three options.

Bitcoin fork 2020

This way, you could use your BCH. Do kindly note that this might bring the risk of read more previously mentioned replay attacks though.

Bitcoin fork 2020

bitcoin fork 2020 Option 2: Wait it out Another option is to simply wait till we restore service for the most viable chain. Your Bitcoin Cash private keys will remain secured through your device.

Bitcoin fork 2020

This means that once our service is bitcoin fork 2020, you can continue using your BCH as intended. Option bitcoin fork 2020 3rd party wallets A last option would be to use your Ledger device with a third-party wallet application such as Electron Cash.

Bitcoin Cash Set for Another Hard Fork?

Do kindly note bitcoin fork 2020 transacting with your Bitcoin fork 2020 at this time may include the risk of replay attacks. We strongly recommend doing your own research on both replay attacks and if these third-party wallet apps will continue to function during bitcoin fork 2020 time.

Bitcoin fork 2020

We hope that this has clarified the situation regarding bitcoin fork 2020 your Ledger device for BCH during its upcoming fork. You can keep an eye on bitcoin fork 2020 Social Media pages for updates on this as well.

Important reminder: During these kinds of bitcoin fork 2020 forks, phishing and scam attempts tend to be more common.

Bitcoin fork 2020

Remain vigilants for these!

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