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Friday, March 24, 2017

Bitcoin Unlimited ‘Fails All Criteria For Supportable Hard Fork’: BitGo

Bitcoin Unlimited ‘Fails All Criteria For Supportable Hard Fork’: BitGo

Bitcoin-for-business startup BitGo has said Bitcoin Unlimited (BU) “fails all criteria for being a supportable hard fork” in the current climate.

Adding its voice to the scaling debate, which has spread to include not just industry figures but businesses as well, the company said in a blog post that it would not support a contentious hard fork.

“BitGo considers any hard fork which is rolled out without industry-wide consensus and therefore splits the network, to be an altcoin, not Bitcoin itself,” the post states.

“This is irrespective of how much hash power the forked coin may have.”

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