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Coinbase refused to support UAHF

19 July 2017 21:00, UTC

Coinbase, one of the top Bitcoin companies, refused to support the User Activated Hard Fork (UAHF) because, according to the company, the new blockchain and its related Bticoin will be incompatible with the current Bitcoin version. Coinbase.com reported the news on its Twitter page.

The Coinbase clients willing to have access to new blockchain coins are recommended to remove the funds from their wallets until July 31, 2017.

Also the company blog explains the difference between UAHF and UASF consequences for Bitcoin users in case of activation of a particular offer. The above mentioned UAHF will lead to Bitcoin blockchain split and creation of new independently working Bitcoin software. If UAHF is activated on August 1, bitcoins on Coinbase client accounts will be available only over the main blockchain and will not be converted to a newly created UAHF chain.

UASFk will change the bitcoin protocol by merging new functions with the already existing software. One of the UASF functions is Segregated Witness, a technology designed to increase the security of the network and the amount of transactions. The UASF activation will not alter any customer funds which are stored in Coinbase.

Also the company warned that it would temporarily suspend BTC deposits, withdrawals, and buy/sell operations starting approximately 4 hours before activation of UAHF or UASF.