The Biggest Dutch Bitcoin Broker Rejects Bitcoin Unlimited

The Biggest Dutch Bitcoin Broker Rejects Bitcoin Unlimited

Bitonic, the largest bitcoin broker in the Netherlands, officially stated that they reject Bitcoin Unlimited due to the solution`s contentious and dan

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Bitonic, the largest bitcoin broker in the Netherlands, officially stated that they reject Bitcoin Unlimited due to the solution`s contentious and dangerous nature.

Like Zcash and other companies, Bitonic is not against hard fork. However, they don`t support contentious hard forks and will not support them in the future.

The publication commented that Bitcoin Unlimited is purposely eyeing on causing a split chain wherein the Bitcoin network will branch off into two separate identities: Bitcoin Core`s Bitcoin (BTC) and Bitcoin Unlimited`s BTU. This is an attempt to divide the community into two parts: supporters of Segwit or Bitcoin Core and supporters of Bitcoin Unlimited.

“We will not consider contentious hard forks (without industry-wide consensus) as Bitcoin. Instead we will consider it an alternative cryptocurrency which we will not, out of principle, support. We cannot exclude the possibility that a contentious split in Bitcoin eventually gains widespread support, overtaking the original. We will review our approach as the situation develops.”, stated Bitonic in their press release.

Why Bitonic`s announcement is important?

In the past few weeks, most Western and Asian bitcoin exchanges and organizations have taken a stance on Bitcoin Unlimited. In particular, Coinbase, Kraken, Bitfinex, Bitstamp and BTTCC, among others, have said that they intend to consider Bitcoin Unlimited`s token BTU an alt-asset when it is released.

However, European bitcoin exchanges and service providers like Bitwala are expected to make their statements on hard fork contingency and Bitcoin Unlimited. Bitonic`s rejection may pave the way for European bitcoin companies.

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