Bitcoin is "tracked" which chain gets the greatest support
Sweden Bitcoin transaction by transaction note (ETN) providers said they would next week for follow-up survey at Bitcoin market and the subsequent decomposition of the views of the network.
The XBT provider, AB, issued a statement outlining its plan before August 1, which could lead to a division of the bitcoin block, one of which was followed by an alternative to a cash called cash. XBT provider launched the first of the two ETNs in mid-2015 through the approval of the Swedish government.
The company said it would not be directly affected by the fact that ETN holders did not actually have any bit currency. However, the XBT provider said it is actively protecting the ETN tracking bit currency holdings, including the steps to maintain the assets themselves in the case of chain divisions.
The company said: "guarantor of the company has as much bitcoins in practicable down to the supervisor of infrastructure, if desired bifurcation generate new currency will also be supported. "
Ultimately, the company said that regardless of the market that "Bitcoin" is what kind of chain will be consistent with it, and
explained:
The issuer wishes to clarify further that its certificate is intended to track "bitcoin" rather than any alternative currency that is generated by a bifurcation event and that has a common transaction history, so that the issuer's certificate will be referred to after the bifurcation Bit currency community and the definition of the exchange, and is considered a "bit currency" currency.
However, this approach is not an easy thing, XBT providers will be three months of observation period, during which they will observe which chain to get the greatest support.
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