Bitcoin Cash Will Be Halted In Ledger, Until There Is A Dominant Chain - Bitcoin Cash News. Friday, November 2nd
Until there is a dominant chain, Bitcoin Cash services will be halted in Ledger
The interruption will match the upcoming hard fork
Hardware wallet manufacturer Ledger has recently announced to its users to be prepared for this November 15, day in which Bitcoin Cash (BCH) will see a split in its network that will spawn two different chains. And because of that, all services related to BCH provided by Ledger will be paused.
“Ledger will suspend the Bitcoin Cash service until it is clear which of these chains will be the stable one, both technically and economically,” said the company’s publication on its official website. The measure will take effect the same day of the blockchain’s fork.
Preventing Replay Attacks
The reason for shutting down their service, according to them, is to protect users from ‘replay attacks’. These type of network attacks can happen because of the two or more chains that result from the splitting of a mainnet. When this happens, users who had cryptocurrencies in the now-legacy chain will also have the same amount in the forked ones. A replay attack then will try to duplicate any transaction a user wishes to do in one chain but not in the others.
In the case of BCH’s upcoming fork, two chains are expected to come as a result. Since neither of the two possible implementations will have replay protection, Ledger will try to prevent their users from “possible loss of funds and other potential issues interacting with Bitcoin Cash during this period of time.”
The company also stated that the interruption will last until a dominant chain emerges from this situation, in which case they will evaluate whether to support it or not.
What about user’s funds?
Consequently, customers who have a Bitcoin Cash account on Ledger won’t be able to access it during the pause. In this regard, Ledger recommends them to move their BCH to another wallet or trading platform that will not be suspending their support during said time.
In addition, they stressed to remain vigilant for scammers and other fraudulent schemes, as they become more common during these events. “Do not trust any giveaways and keep your 24-word recovery phrase secret, on paper only and to yourself,” the company said.
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