Forking, Cashing, and Witnessing

At Blockchain, our priority is always our users and the safety of their funds. We recently communicated that our service would be unavailable during the Segwit2x hard fork. While plans for the hard fork have been suspended, there may be some network instability at block height 494,784.

We’ll be monitoring the network closely. Should network instability threaten the safety of our users’ funds, we may briefly suspend outgoing bitcoin transactions but anticipate any suspension to last no more than 1 hour.

Moving forward, we are prioritizing two major initiatives to improve our users’ experiences in the digital currency ecosystem:

SegWit

Our block explorer, Blockchain.info, has supported SegWit from the day it activated. In 2018 we will be rolling out support for SegWit within our wallet products. This will be a major and complex update to some of the most sensitive parts of our codebase, across a wide variety of platforms and devices, affecting billions in user transactions with potentially significant privacy implications. We will do this cautiously but also with consideration for the rising miner’s fees within the bitcoin ecosystem. We are excited about the advances SegWit offers and we plan to begin making it available within our wallets in as soon as possible in 2018, with an eye towards rollout in Q1.

Bitcoin Cash

We launched partial Bitcoin Cash support on October 11th and said we would monitor market demand for fully featured support. Market demand for Bitcoin Cash has proven strong and, in our view, it’s likely here to stay.

We plan to offer full support for Bitcoin Cash before the end of year on web with support across all our platforms before end of the end of Q1 2018. Stay tuned for product launch announcements!

Bitcoin Cash Update

We’ve been closely monitoring Bitcoin Cash (BCH) since the hard fork on August 1st and wanted to provide a brief update to our users.

Within the next 8 weeks, we’ll be rolling out limited support for BCH via the settings panel in your Blockchain Wallet. Users with balances of bitcoin in their Blockchain Wallet on August 1st will be able to access an equal balance, as of August 1st, of bitcoin cash.

While no immediate action is necessary, rest assured that your funds are secure. Blockchain wallets are non-custodial and you hold the private keys, meaning you always have full, exclusive access to your funds — which are always accessible with your recovery phrase.

Bitcoin News for the week of 8/15/16

Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This week, an article co-written by Arthur Levitt Jr., former chairman of the Securities and Exchange Commission, and Blockchain CEO Peter Smith, challenges bitcoin critics and highlights why the bitcoin blockchain is disrupting payments. We also learned about the first bitcoin software release that will include Segregated Witness code, in an effort to eventually be able to scale transaction capacity. In market-related news, headlines demonstrate the bitcoin price has recovered since earlier this month, and in Japan, trading volume has seen tremendous growth over the past year. Get all this news and more, in our weekly recap.

Read more “Bitcoin News for the week of 8/15/16”

Bitcoin News for the week of 2/1/16

Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This was an exciting week for us here at Blockchain, as we released a major update to our wallet that will help make bitcoin accessible and easier to use for everyone. Also this week, we saw a lot of great information on new changes coming down the road in bitcoin, from technical innovations all the way to new investments and capital. Get all this news and more, in this week’s Blockchain recap.

Read more “Bitcoin News for the week of 2/1/16”