This week two well-known bitcoin hardware wallet manufacturers, Satoshi Labs (Trezor) and Ledger Wallet, revealed their contingency plans for the pending Segwit2x fork that may take place in nine days. Both companies explain they will support both chains and tethered tokens if there is a split and provide a tool for the splitting process.
Satoshi Labs Trezor Models Will Support Both Chains
The hard fork announcements keep piling up as block 494784 approaches with many cryptocurrency based businesses revealing their plans. On November 6 the two hardware wallet companies Satoshi Labs and Ledger explained how the firms would handle the upcoming fork. Satoshi Labs explains Segwit2x is a proposal to fork the network by increasing the block size to 2 MB. The company says the fork “is a contentious hard fork” that will likely result in a split. However Satoshi Labs explains Trezor wallets will support both chains calling the Segwit2x token “B2X,” and wallet owners will receive a 1:1 distribution if a split occurs.
“If you have held BTC on your Trezor before the fork, you will own the same amount of BTC and B2X after the fork — With Trezor, you own your private keys (in the form of the seed), therefore you have control over all of your coins, including forked coins,” explains Satoshi Labs.
The Prague-based firm explains their users need to be careful sending transactions during the fork due to Segwit2x’s lack of replay protection. Additionally, Satoshi Labs will provide a splitting guide and tool for users looking to obtain B2X within the platform’s beta version…