The Upcoming Fork: securing your Bitcoin
There have been several proposals for solutions on how to handle bitcoin scalability. However, one of the proposed solutions will be implemented on August 1, 2017, the proposal is known as User Activated Soft Fork (UASF). Some miners threaten to create another Blockchain fork if UASF is actually implemented.
How to protect your bitcoins?
There are two simple ways to control your private keys and protect your bitcoins at this event:
1. Wallet Applications
There are several portfolios that you can place your bitcoins, the recommendations here are:
2. Paper wallets
The recommendation here is to access bitaddress.org, disconnect your internet, generate an address, print it, clear cookies and then connect to the internet.
If you want to know more about what UASF is and how to protect your bitcoins, go to: 1august.org
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