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October 25, 2017, 06:54:41 AM |
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Dear users:
In 18:22:46, October 23th, 2017 Vancouver time (block height is 491,407), Allcoin has taken all the snapshots of our every users' BTC balances. If the hark fork success, users who own BTC (including the frozen BTC of trading orders) will be rewarded with Bitcoin Gold (BTG) at a ratio of 1:1.
If we consider the fork can't sustain the blocks or there is a huge security risk such as it can't prevent replay attacks , users won't be rewarded with BTG.
If the fork works well and there is no security risks, users will be rewarded with BTG. Allcoin will keep you updated with future announcements.
Risk Notice:
For now BTG hasn't reached consensus of running code. There's no protection mechanisms for replay attacks. Also the code hasn't been tested and reviewed completely with no named code authors or reviewers.
Meanwhile, BTC code base includes 8,000 private advanced mined blocks (100,00 BTG). Developers may sell their advanced mined BTG on the open market.
BTC even hasn't apply SIGHASH_FORKED security mechanisms and the development for algorithm changing hasn't finished up to October 21th, 2017. The specific time of hard fork and the initial run of BTC blockchain hasn't been confirmed yet. Also, it's uncertain that the fork will sustain the new blocks or not.
Allcoin Team
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