Bitpanda
  • Home
  • Blog
  • What you need to know about the upcoming Komodo hard fork

News • 1 min read

What you need to know about the upcoming Komodo hard fork

Bitpanda

By Bitpanda
12.12.2018

The hard fork is a scheduled internal update to Komodo’s blockchain protocol. If you are holding Komodo on a Bitpanda wallet, here’s what you should note.

There will be a hard fork to the Komodo blockchain on December 15, 2018 by 01:00 UTC.

The hard fork is a scheduled internal update to Komodo’s blockchain protocol. Therefore there will be no competing chains and no new coins. The update will include a number of smaller features and the anticipated “sapling upgrade” which brings fundamental changes that improve efficiency and security for its users.

If you are holding Komodo on a Bitpanda wallet, here’s what you should note:

You can securely keep your funds in your KMD Bitpanda wallet and you do not have to do anything, we will perform the upgrade and take care of everything for you in the background. We will temporarily disable all Bitpanda Komodo wallets and may also disable trading if necessary. Wallets are estimated to be down for the whole day before the hard fork. This is to ensure the network’s stability and that all deposits and withdrawals can be safely re-enabled.

For more information, take a look into Bitpanda’s fork policy in our terms and conditions.

Kind regards from Vienna,

Team Bitpanda

Bitpanda

Bitpanda

BITPANDA

Why your money is safe with Bitpanda

Read more

Popular posts

Education • 8 min read

The future of cryptocurrency: Expert insights and predictions for 2024

Education • 7 min read

Bitcoin Halving: What you need to know

News • 2 min read

Invest with zero deposit fees

News • 3 min read

Introducing Bitpanda Wealth: Our new service for high-net-worth individuals & institutions

Related articles

Invest with zero deposit fees Featured article

News • 2 min read

Invest with zero deposit fees

We’re always looking for ways to make investing even simpler so you...

Read more
Featured article

News • 3 min read

Introducing Bitpanda Wealth: Our new service for high-net-worth individuals & institutions

We’re proud to announce the launch of Bitpanda Wealth, our...

Read more
See all articles

We use cookies to optimise our services. Learn more
The information we collect is used by us as part of our EU-wide activities. Cookie settings

Cookie Settings
  • Essential cookies

    As the name would suggest, some cookies on our website are essential. They are necessary to remember your settings when using Bitpanda, (such as privacy or language settings), to protect the platform from attacks, or simply to stay logged in after you originally log in. You have the option to refuse, block or delete them, but this will significantly affect your experience using the website and not all our services will be available to you.

  • Performance cookies

    We use such cookies and similar technologies to collect information as users browse our website to help us better understand how it is used and then improve our services accordingly. It also helps us measure the overall performance of our website. We receive the date that this generates on an aggregated and anonymous basis. Blocking these cookies and tools does not affect the way our services work, but it does make it much harder for us to improve your experience.

  • Advertisement cookies

    These cookies are used to provide you with adverts relevant to Bitpanda. The tools for this are usually provided by third parties. With the help of these cookies and such third parties, we can ensure for example, that you don’t see the same ad more than once and that the advertisements are tailored to your interests. We can also use these technologies to measure the success of our marketing campaigns. Blocking these cookies and similar technologies does not generally affect the way our services work. Please note, however, that while you’ll still see advertisements about Bitpanda on websites, the adverts will no longer be personalised for you.