Category Archives: Bitcoin Split

Our position on bitcoin hard fork, BitcoinPay

We would like to inform you of the planned events in the bitcoin network and of the increased number of bitcoin confirmations we will require from 28 July 2017 to 9 August 2017.

It is very likely that on 1 August 2017, the bitcoin network will be divided into two separate currencies. BitcoinPay will continue to support the current bitcoin, the bitcoin with the highest overall support across the community. Any second, “hardforked” branch i.e. so called Bitcoincash will not be supported in the foreseeable future.

At the same time BIP91 proposal has just recently been activated in the bitcoin network. Under this agreement miners now reject blocks that do not signal Segwit. Due to the precautionary principle and the protection of our clients, we will temporarily require 6 bitcoin confirmations for status „confirmed“ from 28 July 2017 to 9 August 2017.

Provided there are no other sudden changes in the bitcoin network, we do not expect any outages or other changes. We will inform you immediately should we make any other safety precautions.

Your BitcoinPay Team