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"Nail in the Coffin": Coinbase to list SegWit2x Chain as "Bitcoin2x".

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Bitcoin exchange Coinbase has reaffirmed its intention to provide support for both Bitcoin blockchains following the SegWit2x rigid range in November. Significantly, the forked blockchain will be listed as Bitcoin2x under the ticker symbol B2X.

Coinbase to list the forked chain as "Bitcoin2x"

Coinbase Announced in a blog post providing clarification on how he plans to handle the difficult SegWit2x fork that will likely result in a division into blockchain. Earlier this month, Coinbase had announced that it would support both blockchains, but it has not revealed its naming scheme for both channels – both claiming to be "Bitcoin".

Coinbase is a signatory of New York Accord (NYA) – the proposal that put the activation of SegWit2x in motion – so many people have speculated that, like the other NYA signatories, Coinbase would delegate the "Bitcoin" label and the "BTC" ticker to the chain with the most accumulated difficulty (indicating more minor support), that the promoters believe to be the SegWit2x channel.

However, the company – which also handles the exchange of GDAX order books – will continue to list the blockchain in place under the symbol BTC, while the fork-shaped blockchain will be labeled "Bitcoin2x" under the heading "B2X". That said, the company also published a FAQ SegWit2x in which it stated that it might decide to rename the blockchains in the future if "the modification of SegWit2x is accepted by most users. "

"This is the nail in the coffin for [SegWit2x]," Blockchain Capital of Spencer Bogart wrote on Twitter, "implying that the forked blockchain will not succeed the exchanges and the services list it as a fact altcoin rather than "Bitcoin".

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No support for gold bitcoin

Coinbase also announced that the company does not currently plan to support Bitcoin Gold, a soon-released altcoin that will share a historic blockchain with bitcoin. Citing concerns about security and stability, Mr Coinbase said he will reconsider his decision in the future if cryptocurrency turns out to be both valuable and safe.

In this case, the company will credit Bitcoin Gold users with a balance equal to their bitcoin balance at the time of the blockchain snapshot, which occurred Tuesday morning.

Image from Shutterstock to photo

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