Canadian Exchange Prepared for Hard Fork
QuadrigaCX is the only Canadian exchange of nearly 20 that has committed to a contingency plan in the event that the bitcoin network splits in two, creating two competing currencies.
These exchanges are now planning to list Bitcoin Unlimited (BU) as they would an alternative cryptocurrency, according to the statement. BU is an alternate implementation of the bitcoin software that seeks to expand the block size in an effort to scale the network’s capacity.
The plan is backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say “may be inevitable”.
Read the full article here on Coindesk: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/