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Posted by Coinify on 02 August 2017 10:25 AM

Dear customers, please read this recap on the latest developments in bitcoin scaling process:

 

The anticipated ‘hard fork’ event happened at around 22:00 CEST on August 1, when the first block of new currency Bitcoin Cash was created. This means that from now on, two separate bitcoin blockchains exist: Bitcoin Classic (BTC/BTX as the original currency) and Bitcoin Cash (BCC/BCH as the new currency). As we have previously informed you, Coinify will continue to provide services with the original currency Bitcoin Classic and will consider implementing Bitcoin Cash in the near future.

 

Coinify has previously announced plans for temporary downtime during this uncertainty period in order to protect its users from possible risks. After assessing the situation this morning, we decided that is is safe to enable our services again. We are aware that this downtime could cause some of you inconvenience and can lead to some service delays, for which we want to apologise.

 


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