Bitcoin User Activated Hard Fork (UAHF)

20 Jul 2017 16:14
Adrian Przelozny, CEO

This is a supplement to the UASF announcement made on July 15, and concerns the Bitcoin User Activated Hard Fork proposal (UAHF).

User Activated Hard Fork (UAHF), including Bitcoin ABC, is a proposal to alter the Bitcoin protocol by creating a new fork of the Bitcoin software, which will operate on its own separate blockchain.  Further details are available here.

The UAHF is scheduled to activate on approximately August 1, 2017.

The UAHF differs to UASF because it is incompatible with the current Bitcoin protocol and will create a separate blockchain.

Should the UAHF activate, Independent Reserve will not support the new UAHF blockchain or its associated coin (Bitcoin Cash). Any Bitcoin within customer accounts will remain accessible over the main blockchain only, and will not be converted into coins on the UAHF chain.

If you wish to ensure that you have access to any resultant UAHF coins, please withdraw your Bitcoin from Independent Reserve prior to July 30th, 18:00 UTC+10.

Thank you for your support and understanding.

Adrian Przelozny CEO, Independent Reserve