KuCoin is preparing for the upcoming potential Bitcoin hard fork with the following procedures:
1, A hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrency’s existing code is changed, resulting in both an old and new version. This case is somewhat unique, whereby ZCL and BTC will be co-forked into Bitcoin Private (BTCP).
2, Snapshot date: February 28th, 2018.
Fork Date & Mainnet Launch: Approximately 2 days later.
3, When the hard fork occurs, a snapshot of all existing ZCL and BTC holdings will occur. Anyone holding ZCL or BTC in a wallet or supported exchange will be credited Bitcoin Private (BTCP) at a 1:1 ratio. For example, if you hold 10.1 BTC on KuCoin, you will receive 10.1 BTCP.
Bitcoin Private (BTCP) Official Website: https://btcprivate.org/?lang=en
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