Monday, July 31, 2017

What The Bitcoin Cash “BCC” Hard Fork Means for Blockchain Wallet Users

Blockchain
We’ve received questions about the Bitcoin Cash Fork (known as BCC) that is scheduled to activate on August 1st and how it will impact individual users. Our top priority is the safety of customer funds. Though we are actively monitoring network conditions and will do everything we can to minimize the impact on you, it may be necessary to temporarily cease broadcasting transactions for a short period of time. If it is, we will let you know.
If you have a Blockchain wallet, it is essential that you retain your wallet and corresponding recovery phrase and not delete them, even if you empty the BTC balance. Also if you are considering withdrawing funds from exchanges that will not support BCC, it is safe to withdraw to your Blockchain wallet.
In the event of two separate blockchains after August 1, 2017 we will support the longest chain. As of today, we have no immediate plans to fully support the Bitcoin Cash fork within our main product. But, if BCC develops into an actual chain and market, you will be able to use your recovery phrase to export your funds and use them on that chain, regardless of whether or not Blockchain chooses to support it.
I can't claim to be entirely sure I understand this, but it seems to mean that Blockchain won't credit an allocation of BCC to me tomorrow, but that I could get it if I moved to a different wallet. Considering I only have the equivalent of £13.53, it hardly an issue of earth shaking significance.
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