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SegWait-a-Minute? Coinbase seems to be turning around on Bitcoin Hard Fork

Coinbase seemed to drastically alter its position on the upcoming SegWit2x BitCoin fork, saying that it will not support the BTC chain unconditionally.

Cointelegraph reported yesterday that the largest US stock market would continue to refer to the BTC as the "real" bitcoin, with SegWit2x getting a ticker "B2X" equivalent to an altcoin.

The decision elicited widespread support from the community with many commentators seeing it as the nail in the coffin for the integrity of 2x

In an update , however, Coinbase and CEO Brian Armstrong confirmed that they were actually going to call the chain with the greatest difficulty accumulated Bitcoin. "

With a majority consensus, the 2x channel could thus gain the support of Coinbase as" true Bitcoin. "

" It is important for us to keep a neutral position in any range. We believe that letting the market decide is the best way to ensure that Bitcoin remains a fair and open platform, "writes the new post.

The exchange thus joins Xapo, which was among the first Bitcoin companies. to signal the formal position of 2x and confirmed that he could rename the string 2x "BTC" in the event that he had "the most accumulated difficulty."

Unsurprisingly, consumers have reacted with frustration at what seemed like a half-turn by Coinbase on the hard fork

"Does not seem to clarify anything. Seems almost contrary to what has been said previously, "a high-level response Reddit to the question begins.

Armstrong apologized for the lack of" clarity "contained in the original blog.

See also  & quot; Clear violation & quot; New York authorities challenged on SegWit2x BitLicense Rule-breaking