Our position on the upcoming Bitcoin Gold initiative
Another fork approaches!
At Uphold, we strive to keep our members up-to-date on the latest events and advancements in the digital currency space. In keeping with this promise, we want to inform you on the status of Bitcoin Gold and what it means for you on our platform. On October 25, 2017, between 10:00am and 12:00pm UTC, the network will fork once more to create Bitcoin Gold (BTG).
We believe our members should benefit from new initiatives and forks that continue to diversify and bring value to the ecosystem, as long as those initiatives are stable and enable us to safeguard members funds.
Uphold will continue to monitor Bitcoin Gold closely. Upon the release of supporting software (currently anticipated to occur well after the actual fork), Uphold will conduct an operational and security review of the new coin. Once exchanges open to supporting BTG and the liquidity of BTG stabilizes, we will then provide updates when it will be offered for use on our platform and allocation of Bitcoin Gold to eligible members.
Eligibility will be determined by the snapshot taken at the time of the Fork to document the number of BTC held in Uphold member wallets held on our system prior to the Bitcoin Fork. Any BTC deposits that were in transit, but not completed on our system at the time of the Fork, will not be credited with BTG equivalents.
-The Uphold Team