Published On: Wed, Jun 14th, 2017

Bitmain Responds to UASF With Another Bitcoin Hard Fork Announcement

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Major Bitcoin mining hardware producer Bitmain today announced that it may launch a “hard fork” in August. Labeled a “contingency plan,” this announcement is a response to the upcoming user activated hard soft fork (UASF), as defined by Bitcoin Improvement Proposal 148 (BIP148) — and the wipe-out risk that comes along with it.After an initial 8 megabyte proposal, Bitcoin Classic, the Hong Kong roundtable consensus, Bitcoin Unlimited, and SegWit2x, this marks the sixth time the Chinese mining giant has announced support for a hard fork in the space of two years.Here’s what their …

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