In a statement released by the cryptocurrency company on their website, Coinbase has mentioned that they are ready to support the published roadmap of the hard fork put forth by bitcoincash.org. The roadmap entails removing the topological transaction order constraint as well as enforcing the canonical transaction order.
Coinbase has also stated that they will be supervising the hard fork stipulated to take place on November 15 with the main intention of minimizing transaction disruption for users. The company has also revealed that they will ensure the hard fork complies with the security standards set by Coinbase. The Brian Armstrong-led company added:
“We will pause sends and receives on the BCH wallets at Coinbase.com, in our iOS and Android apps, and at Coinbase Pro and Prime beginning at 8:00AM PST on 11/15/2018 (approximately 1 hour before the fork). Please be sure all BCH sends and receives are completed prior to that time. During the pause, your BCH will remain safely at Coinbase.”
Coinbase has also not given a specific time when Bitcoin Cash transactions will be resumed on the platform with the company focused on surveying all the aspects of the hard fork first. The exchange stated:
“When the upgrade is complete, we will evaluate the network and take appropriate next steps, including re-enabling sends and receives. We will update our customers throughout the upgrade process and about the outcome of the fork once the network reaches consensus.”
The latest announcement comes on the back of the Coinbase Pro revealing on November 2 that they were adding Basic Attention Token [BAT] on the exchange. The Coinbase subsidiary had tweeted:
“BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours.
Subscribe to AMBCrypto’s Newsletter