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Sunday, March 26, 2017

Bitcoin Unlimited Derivative Introduced Ahead of Possible Hard Fork

Bitcoin Unlimited Derivative Introduced Ahead of Possible Hard Fork

Cryptocurrency exchange has announced the launch of Bitcoin Unlimited (BTU) balances and trading pairs, betting on the possibility of a BU hard fork.

In its announcement, HitBTC claims that a Bitcoin Unlimited hard fork, followed by a network split, is “one of the possible outcomes,” due to the high congestion that the Bitcoin network has been experiencing over the past months.

Ahead of the possible network split, the exchange wants to “provide [its users] with the tools for avoiding any risk.”

All users who have had Bitcoins deposited to their accounts, as well as all new depositors, are given a BTU balance, credited with an equivalent amount of BTU coins. BTC/BTU pair is already available for trading on the exchange.

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