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Monday, March 27, 2017

BitGo Reveals Hard Fork Planning; Will Not Support Bitcoin Unlimited

BitGo Reveals Hard Fork Planning; Will Not Support Bitcoin Unlimited

With a hard fork looming, BitGo, a multi-signature bitcoin wallet, has advised its customers what to do in the case of a new chain, whether it is Bitcoin Unlimited, which BitGo deems unsupportable, or a supportable option such as Segregated Witness.

Ben Davenport, co-founder and chief technical officer, advised users in a recent blog what actions BitGo will take and gave recommendations on what they should to in the event of a hard fork. BitGo did not assign a high probability of a hard fork until recently.

Bitcoin Unlimited Unsupportable

BitGo will not support Bitcoin Unlimited, which it does not consider supportable. It will support Segregated Witness, (SegWit) which it consider safe and tested in the core code.

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