Statement regarding Bitcoin Gold – The BTC Blog

On the 24th of October, bitcoin went through a hard fork and split into two separate chains: bitcoin (BTC) and Bitcoin Gold.

If you kept bitcoins in your BTC.com wallet before block 491407 is mined, you have the same amount of Bitcoin Gold as bitcoin.

After careful consideration, we decided that we will not incorporate the Bitcoin Gold in our wallet. However, we will provide means of recovering the Bitcoin Gold to another supporting wallet address, if the blockchain fork stabilizes. This is only the case if Bitcoin Gold adds replay protection.

Danger of missing replay protection

Bitcoin Gold’s lack of replay protection can lead to losing bitcoin during transactions. To summarize shortly, once a transaction is sent out on one blockchain (e.g. sent to an exchange), there is a probability that the transaction gets replayed/rebroadcast on the other blockchain. You might unwillingly send out your bitcoin, when you only aim to send out Bitcoin Gold.

What can you do?

Since all our wallet users own their private keys, as a BTC.com user you are always the owner of your coins. You can choose to move your bitcoin to any designated Bitcoin Gold wallet but you must be aware of the associated risk of losing your bitcoins or Bitcoin Cash in the progress.

We aim to create a secure extraction tool for Bitcoin Gold but that’s only possible if Bitcoin Gold adds replay protection to its code base. Follow us on Twitter to stay updated!

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