Trezor hardware wallets won’t support upcoming Bitcoin Cash split
SatoshiLabs has announced that its Trezor hardware wallets will not support a new asset that may emerge from the upcoming fork of the Bitcoin Cash cryptocurrency..
SatoshiLabs says they will continue to support the existing Bitcoin Cash implementation called Bitcoin ABC and will follow the general consensus after the fork to determine the dominant chain..
According to recent reports, Bitcoin ABC is not supported by the community, and exchanges, provided that the existing distribution is maintained, will most likely assign the BCH ticker to another chain, the software of which is called BCHN and currently 75% of nodes are used. According to Coin Dance, the share of nodes that have signaled in support of ABC over the past seven days has dropped below 1%.
“Depending on the consensus of users after the fork, we either will not change anything, or we will switch support to a chain that will be separated as a result of the fork, that is, Bitcoin Cash Node,” SatoshiLabs wrote..
They emphasize with a separate paragraph and in an enlarged font: “There will be no tools to support the separation!”
Users who want to receive coins from the new chain are encouraged to withdraw their Bitcoin Cash assets to a third-party wallet.
Several community members expressed disappointment with the company’s decision. The intention of SatoshiLabs to maintain support for Bitcoin ABC during the fork caused particular criticism, which could cause confusion among users in the event of a sudden depreciation of their assets..
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