Unicoin news

Dear user,
This is an informatory mail to help you understand the stance of Unocoin on the ongoing upgradation and activation of 'Segregated Witness' on to the Bitcoin network.

In the midst of all the serious network upgradation roadmaps, we would like to inform that Unocoin is equipped with a proper contingency plan either in the event of 'UASF', 'Segwit2x upgrade' or a 'network split' by supporting the chain with majority which likely is segwit enabled. However, Unocoin has not planned or equipped to support other shorter and weaker chains if they pop up.

We would be sharing a detailed maintenance schedule of our website for July 30th - 4th August to avoid any loss of customer's coins via replay attacks and to choose the longer and safer chain to go with. We may have to extend this maintenance if the need be. User's are always recommended to hold their coins with themselves for complete authority/choice of chain over the network split instead of holding them in their Unocoin wallets.

Recommendation for the users to safeguard the value of their coins during this upgradation:

Send your bitcoin holdings into a paper/hardware/software wallet which is in your possession and you control their private keys. You may also consider selling the bitcoin or converting them into alt coins which are comparatively safer at this point in time using Unocoin services or any other third party services you may choose if you are not technically capable of handling the private keys yourself.