By Bentley Kapoor (India)
Since the advent of the cryptocurrency industry, it has been branched out into different sectors. One of the most important sector in the crypto-industry is the crypto-wallet manufacturing sector. Although there have been many crypto-wallet manufacturers in the crypto-industry, there are some that have gained prominence among others.
One such crypto-wallet manufacturer is Trezor that is known for manufacturing the safest and secure crypto-wallets. However, there do come times when even the most prominent of manufacturers end up being criticized and Trezor was no different.
Trezor that is currently ranked as one of the top hard-wallet manufacturers, faced a lot of heat from its followers. The majority of the heat the manufacturer faced from their users comprised of the Bitcoin Cash (BCH) holders.
While the Bitcoin Cash (BCH) holders expected that Trezor would be deploying the new BCH hard fork, the company dropped a shocking news to the users. As per Trezor’s announcement on Nov. 15, the BCH users will have to transfer their coins to a different platform.
Also read:Following to the announcement, the parent company of Trezor, SatoshiLabs made another statement. The company stated that starting from this point, the hard-wallet manufacturer will change its tactics. It will monitor the BCH community to establish as to which BCH implementation will reign over the network.
The firm ‘SatoshiLabs’ made it clear that it will not take part in the latest fork deployed related to BCH. The firm also stated that users who wish to take part in the latest fork can transfer their coins to a different platform.
SatoshiLabs stated that for now, they have decided to monitor the updates and the adoption level of the latest fork. They will assess which adoption is more popular among the users. Based on their observation and analysis, the firm will decide which fork it is going to adopt and implement.
The statement follows the recent announcement made by BCH that it will be splitting into two. The implementation of the new fork will be applied on the 15th of November 2020.
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