The next split strong Bitcoin SV, scheduled for February 4, 2020, will disqualify the receipt of funds in the portfolios BSV of BitGo, a company dedicated to the custody of cryptocurrencies. The startup reported that the change of consensus in the network will cause the outputs on Pay-to-Script-Hash (P2SH) are invalidated.An engineer of the company, identified as Murch, published an article this Tuesday, December 17, warning that after bifurcation, the portfolios may not receive grant funds, but may spend.The developers of the protocol Bitcoin Satoshi”s Vision (BSV) have scheduled hardfork Genesis to the 4 of February of 2020. This change of rule of consensus will be that the outputs Pay-to-Script-Hash (P2SH) are invalid. Given that the portfolios BSV of BitGo use addresses multi-signatures based on P2SH, the protocol change will be that the purses BSV of BitGo are not able to receive funds.Once the fork strong most of the functions of the portfolio are disabled. However, the developer pointed out that the funds that are kept in the wallet without being worn can be sent.BitGo recommended to their users with Bitcoin VS take one of two possible forecasts: convert the funds to bitcoin (BTC) or move the funds to a portfolio of external support for BSV.
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Standard P2SH
The manufacturer of purses cold Trezor defines the standard P2SH as an advanced type of transaction used in Bitcoin and other cryptocurrencies similar, that allows the sender to commit funds to a hash of a script valid. At present its use is common for transactions, multi-signature and SegWit non-native, stresses the company.As A comparison, Trezor offers support for P2SH when it comes to scripts P2WPKH-in-P2SH and multifirma-in-P2SH,other versions are not processed.According to the website “Learn me to bitcoin”, P2SH was introduced as a standard script in April 2012, which allows you to “lock bitcoins in the hash of a script, and then provides the original script when you unlock those bitcoins”.
Escrow service
BitGo was licensed in the united States, in September of last year, to offer the service of custody of cryptocurrencies. Since then, it has become one of the largest custodians of BTC in the market. Even in November of this year, the company said it was processing the 20% of the transactions of Bitcoin.The of February will be the second branch strong Bitcoin VS seven months after that in July of this year we carried out a hardfork to extend the limit of the size of the blocks taking it to 2 GB.