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Ledger Wallet Plans to Pause Bitcoin Cash Services on November 15

• https://news.bitcoin.com

Ledger, the popular hardware wallet manufacturer based out of France, has recently revealed the company's contingency plans for the upcoming Bitcoin Cash (BCH) hard fork scheduled for Nov. 15. On Tuesday, Oct. 30, Ledger explained to its customer base that the organization will be pausing bitcoin cash services on Nov. 15 and the company plans to wait until a dominant chain appears to reinstate BCH services.

Ledger to Suspend BCH Transactions During the November Fork

Ledger Wallet Plans to Pause Bitcoin Cash Services on November 15In fifteen days the Bitcoin Cash network will possibly face a hard fork with consensus changes. The problem right now, however, is there are two different visions for the upgrade, with two development teams proposing new BCH rule sets that are poles apart. This means there could be a potential for a chain split due to the disagreeing development teams Bitcoin ABC and Bitcoin SV. Now, two weeks before the fork, Ledger has announced its wallet services will be pausing bitcoin cash transactions because the conflicting proposals have not reached consensus and both implementations do not have replay protection.  

"Ledger will suspend the Bitcoin Cash service until it is clear which of these chains will be the stable one, both technically and economically — The reason for closing the service during this time is to prevent unwanted transactions (resulting from "replay attacks"), causing possible loss of funds and other potential issues interacting with Bitcoin Cash during this period of time," explained the company's recent blog post.

Ledger continues:  

Depending on the outcome of the fork, we will communicate about our next move when we have a clearer vision of its result — Be advised that during this service disruption, your Bitcoin Cash private keys will remain secured.

BCH Proponents Expect to Hear More Contingency Plans

The hardware wallet service detailed in its blog post that it plans to watch the fork unfold and proceed with a plan after evaluating the integrity of both chains. The wallet's users will be able to see when the Bitcoin Cash network has been reinstated on Ledger's status page, the company emphasized. The announcement from Ledger also follows the two exchanges who published contingency plans for November's BCH fork during the first week of September.


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