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Forking, Cashing, and Witnessing

Forking, Cashing, and Witnessing

At Blockchain, our priority is always our users and the safety of their funds. We recently communicated that our service would be unavailable during the Segwit2x hard fork. While plans for the hard fork have been suspended, there may be some network instability at block height 494,784.

We’ll be monitoring the network closely. Should network instability threaten the safety of our users’ funds, we may briefly suspend outgoing bitcoin transactions but anticipate any suspension to last no more than 1 hour.

Moving forward, we are prioritizing two major initiatives to improve our users’ experiences in the digital currency ecosystem:

SegWit

Our block explorer, Blockchain.info, has supported SegWit from the day it activated. In 2018 we will be rolling out support for SegWit within our wallet products. This will be a major and complex update to some of the most sensitive parts of our codebase, across a wide variety of platforms and devices, affecting billions in user transactions with potentially significant privacy implications. We will do this cautiously but also with consideration for the rising miner’s fees within the bitcoin ecosystem. We are excited about the advances SegWit offers and we plan to begin making it available within our wallets in as soon as possible in 2018, with an eye towards rollout in Q1.

Bitcoin Cash

We launched partial Bitcoin Cash support on October 11th and said we would monitor market demand for fully featured support. Market demand for Bitcoin Cash has proven strong and, in our view, it’s likely here to stay.

We plan to offer full support for Bitcoin Cash before the end of year on web with support across all our platforms before end of the end of Q1 2018. Stay tuned for product launch announcements!

The post Forking, Cashing, and Witnessing appeared first on Blockchain Blog.

https://blog.blockchain.com/2017/11/15/segwit-bitcoin-cash-update/

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