A hard fork to increase the block size is planned for the bitcoin network on or around November 16, 2017, at block height 494784, to fulfill the latter half of the so called New York Agreement. With roughly 23 days left until the change and many counter-arguments strewn across the net, many bitcoin-based businesses are starting to reveal fork plans in greater numbers.
The Segwit2x fork is approaching, and everyone is starting to talk about it more, as many people and companies are steadily planning their bitcoin storage solutions. Crypto-businesses are now increasingly stepping up to the podium every day to announce their contingency plans for this particular fork. One such company, the San Francisco-based exchange, Coinbase, detailed its fork plans a couple of weeks ago. The exchange did not reveal at the time the names of each bitcoin-based blockchain. Now the firm is stepping forward to detail its token-split naming plans.
“The result of the fork will be two different blockchains, which means there will be two distinct digital assets,” explains Coinbase.