How To Protect Your Bitcoin AFTER 1 YEAR OF EVENT FREQUENCY

A new initiative was launched to make it clear to people using Battlefield what to do during the Battlefield update, which is expected to start on August 1st.

The site is called 1August.org and recommends that 100% of the BitKein investment be held in its own portfolios rather than on different exchanges.

Upgrading the Battle Network is imperative at this time, as transaction fees, as well as the processing time, have been drastically rising in recent months. Although the update is only scheduled for a month and a half, it is still unclear whether it will be successful if a large number of diggers do not support it, so the upgrade is UASF (User Activated Soft Fork). The fact that activation is a "soft fork" means, in general terms, that there is compatibility between the old and the upgraded versions, which will not lead to splitting Bitkene into two separate currencies. And the planned solution is called SegWit (Segregated Witness) and allows for more transactions to fit into one block of the chain, increasing the processing speed of transactions.

If users buy SekWit from BitKein, its value will increase, which would theoretically make more diggers begin processing the transactions and which would have led to success. However, if the diggers do not transfer and support the other solution (Emergent Consensus), which will not have compatibility between the old and the new hard fork protocol, we will see splitting the Battle Network and the Two different Battleships. At this point, Emergent Consensus is supported by 39.1% of diggers and SegWit by 31.3% (according to https://coin.dance/blocks).

1August.org says they are a neutral side of the debate and their goal is only to inform consumers. Because a split will create two parallel duplicated networks, if one person has one BitKey on the first one, it will automatically have one on the other. Therefore, the safest option is for them to be able to make transactions on the two blocks. In order to have full control over it, 1August.org advises to hold the digital asset in its own portfolios (such as jaxx.io or exodus.io) as the different exchanges such as kraken, coinbase, bittrex, etc. are not known. Which network they will prefer.

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