Post
Topic
Board Press
[2017-11-01] Bitpay to Suspend All Services During the Segwit2x Hard Fork
by
Terraformer
on 01/11/2017, 06:06:43 UTC
With roughly fifteen days left bitcoin-based businesses all around the world have been preparing their users for the possible hardfork expected to take place on or around November 16. Now the world’s largest bitcoin merchant service provider, Bitpay, has revealed its contingency plans for the upcoming Segwit2x hard fork.

Bitpay Will Follow the Chain With the Most Accumulated Difficulty

The Atlanta-based company Bitpay has announced its plans for operations during and after the hard fork scheduled to occur at block height 494784. The firm says the company’s top priority is the safety and security of its users. With this in mind during some protocol upgrades, Bitpay says it “must take precautions to protect our users.” Bitpay details that while a good majority of miners and businesses support Segwit2x, it understands that not everyone is supporting a hard fork.     

“While most miners signaled their support of this protocol change, not all support it. If miners are divided over this change, there is a significant risk of a chain split,” explains Bitpay. 

"If that occurs, Bitpay’s services will follow the chain with the most accumulated difficulty."

https://news.bitcoin.com/bitpay-to-suspend-all-services-during-the-segwit2x-hard-fork/