On June 14 the Beijing-based bitcoin company Bitmain released a contingency plan for the upcoming so called user activated soft fork that's scheduled for August 1.
"The UASF chain presents a risk of the original chain being wiped out," explains Bitmain's blog post.
Bitmain believes there is a movement taking place on forums threatening to put the Bitcoin ecosystem at risk.
Bitmain Will Work With Developers and Dedicate Resources to the UAHF Contingency Plan Because of the threat to the network on August 1 the company believes the community should be prepared for the "Disruptive risk." Bitmain further details there is no replay attack protection for UASF and lots of users and businesses may suffer with issues.
Following the company's perception of BIP 148 Bitmain details the UAHF contingency plan and replay protection.
Bitmain Announces Hard Fork Protection Plan Against UASF Bitmain says they will be working with the developer community on the contingency plan and will deploy some of its own hashrate towards the UAHF. "We will develop options for miners to voluntarily join us," the company also details.
Bitmain will likely not release immediately the mined blocks to the public network unless circumstances call for it, which means that Bitmain will mine such chain privately first.
NOTE !! This text was summarized
Original Content https://news.bitcoin.com/bitmain-hard-fork-plan-uasf/