Exchange GDAX will suspend the withdrawals of Bitcoin if UASF is activated
The GDAX digital currency exchange revealed its contingency plans in case a controversial Bitcoin scalability proposal was activated.
As previously reported, BIP 148, which triggers a user-friendly Soft Fork call, or UASF, to activate the solution called Segregated Witness (SegWit), are advancing with their plans, despite the popularity of another scalability Segwit2x, which combines the activation of SegWit with an increase in the size of the network transaction blocks, three months later.
However, if SegWit2x does not receive enough support until August 1 and BIP 148 continues without enough support of the bitcoin ecosystem of its particular Blockchain, bitcoin could be split into two competing assets.
It is a prospect that led GDAX, which is operated by Coinbase startup, to announce last night that in the event of UASF activation, it will temporarily stop deposits and withdrawals and take additional measures.
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