Statement on the upcoming BTC hard forks and IGNIS airdrop

Dear traders,

HitBTC is going to support two of the upcoming Bitcoin hard forks in case they take place, and IGNIS tokens airdrop. In this post we have accumulated the information about these events and the course HitBTC is going to take.

 

Bitcoin network has seen an unprecedented number of hard forks this year with two more planned to happen before the end of December. Hard forks aim to add new functionality to the original network and resolve its flaws and limitations. In Bitcoin’s case it usually includes increasing the block size and in generally decreasing the network overload.

 

Segwit2x, a project suspended in November, is now scheduled to happen on the block 501,451 which should be reached around 28th of December. The team behind it is mostly concerned about the significant delays in transactions processing and the largely increased fees, thus providing a solution to these problems is their main priority. Block size will be increased to 4 Mb and block creation time on Segwit2X chain will constitute 2.5 minutes. Find out more on the project’s official website.

 

Bitcoin God is a fork introduced by a Chinese blockchain investor Chandler Guo. The chain split is planned to happen at the block 501,225 approximately on December 25. The official website of the Bitcoin God introduces such features of the new network as smart contracts support, increased block size, lightning network implementation and zero-knowledge proof.  

 

Our exchange is going to support both Bitcoin forks, should they happen. We will be updating this post with further information on how we are going to proceed in each case, kindly check back on the news.

 

IGNIS Airdrop is powered by Jelurida, the company behind NXT and Ardor. On December 28 a one-time snapshot of NXT network will be conducted and on January 1 Ardor network with its very first child chain Ignis will be launched. Following the rules of this airdrop, for every NXT token the client will receive 0.5 IGNIS tokens. Please note that the tokens will be credited according to the amount of NXT held on main and trading accounts at the time of the snapshot on 28th of December. Pending transactions will not be included.

 

We are holding the finger on the pulse and closely monitoring all the hard forks and airdrop events. If more news emerge, we will update you. Please contact our support team in case of any questions.