Cryptocurrency traders are warning that any Bitcoin circulating after the end of this month could disappear from their owners' wallets or be rejected by others, as what they call a "split" will take place. chains” or “chain split”.
Bitcoin.org, a virtual currency-related community, said on Thursday that the Bitcoin network facilitates hundreds of millions of transactions to date.
The blockchain, an electronic ledger that records and tracks every cryptocurrency exchange and trade, relies on this network, which consists of thousands of Bitcoin nodes running Bitcoin software.
However, planned network upgrades in the coming weeks could disrupt it, leading to what is called "chain splitting," a fact in which some Bitcoin nodes will run on software that other nodes are not compatible with for some time. space.
"As a result, some nodes may transmit confirmed transactions that other nodes may not accept or recognize," warns Bitcoin.org.
“This may lead to an unreliable rating of the confirmation for an unknown period of time. This means that whatever bitcoins you receive during duration during this period it could disappear from your wallet or be a type of Bitcoin that others will not accept for payments until the matter is resolved.”
As noted by The Register, the event is necessary for Bitcoin Improvement Proposal 148 (BIP 148), an attempt to introduce a revised code, also known as SegWit, to increase the size of Bitcoin and upgrade it scripting.
Once the updates, the confirmation score should (hopefully) return to normal.
However, there is also the possibility of seeing one or more Bitcoin versions running at the same time as a consequence of the chain breakdown, which in turn could disrupt the transactions.
So everyone who uses it Vitcoin they should stop accepting payments at least 12 hours before 1 of August, 01: 00: 00 GMT + 0100. However, Vitcoin.org recommends that payments be terminated by July 30 for security reasons.
