Getting to Grips with Ethereum’s Upcoming Hard Fork
By Jamie Green – Crypto Dealer
The long-planned Ethereum Hard Fork was due to happen on January 16th 2019 and although there are delays, we wanted to let you know a few things especially if you want Ethereum for ICO. Constantinople is set to be a key milestone on the company’s plans to move the protocol from Proof-of-Work (PoW) to Proof-of-Stake (PoS) in the 2.0 version.
The changes are minor compared to their bigger plans for future of buying crypto. The update offers new opcodes which are pieces of logic in a machine language instruction that programmer’s use when developing smart contracts. These will help delay the intensity of the mining issues and helps to reduces the prize for finding blocks. They will also change and improve the way gas is used.
The activated nodes that run Constantinople won’t be compatible with the previous Ethereum version, which is the result of a hard fork on the blockchain. Once the hard fork happens, the nodes working from the latest software will operate from this new fork. The nodes running from the legacy software will no longer be compensated as the tokens on the old fork will be worthless. This will mean that the users will automatically have their ether available to buy crypto and spend on the new fork.
Most hard forks produce two different cryptocurrencies and this one has been described as “non-contentious” to encourage the community to adopt the upgrade. All clients will be ready to receive the upgrade and we await the fork to happen.
If you would like to buy Ethereum or to buy Bitcoin UK then click here to be taken to our website so we can help you with your Bitcoin investment.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards