Community post

Hard fork options enabled - update mist

https://i.imgsafe.org/ca16c61aea.png
Current voting results on ethermine show a strong support for the hard fork

Parity and Geth both implemented the DAO hard-fork specification. Also voting on carbonvote closed with 87% of the community voting for a hard-fork. Additionally a lot of the mining pools enabled voting on the hard fork, miners are showing great support for it.

Return of the Eth (1.4.10)

This is the title of the new Geth client that has just been released. It allows one two options regarding the hard fork.
To support the DAO hard-fork, start Geth with the — support-dao-fork option
To oppose the DAO hard-fork, start Geth with the — oppose-dao-fork option
The default setting for Geth is to support the fork.

Parity 1.2.2 with hard fork enabled

Parity updated its client as well, with the hard fork as default option.
To oppose the hard-fork, you need to add the — chain=homestead-dogmatic option.

Mist with hard fork option

The Mist Wallet also allows you to choose whether you want to use the hard-forked chain or not. They will ask you to choose your preferred chain directly during startup, so it’s made very easy to choose the chain.

Myetherwallet supports the hard fork

If you are a user of myetherwallet, you will automatically use the hard-forked chain.

As a user, what should I do now?

If you are only using myetherwallet, you will use the hard-forked chain immediately.
If you are using mist, please update ASAP and then just choose your preferred chain on startup.

how to claim your eth

To claim your eth you will need to send your DAO tokens to a withdrawal address. We will add a how-to for it. If you feel unsecure about it, e.g. because you do not use mist, your best choice will probably be to sell your DAO tokens via an exchange.
The extrabalance will go to a trustee wallet. You will need to prove that you purchased the tokens during the price-increase phase. We will update you further regarding this.

Two chains running in parallel?

After the hard fork we will have to chains running in parallel. Regarding the strong support for the hard-fork it is very likely that most people will use the hard-forked chain, but it is possible that the “classic” chain will continue to run.

You can compare this to an altcoin of Ethereum. If miners continue to maintain this chain, it might be possible that there is Ether and Ether-classic running as parallel coins.

Exchanges

During the transition time of the hard-fork, the exchanges will stop deposit and withdrawals of eth for a limited time.
Poloniex offers the possibility for a one-time withdrawal of the eth of the losing chain.
Kraken did not write about such an option, so probably they will just continue with the winning chain.
Bitsquare considers to add both chains.

Replies (9)

Ugh, my screengrab got resized. Here is the text:

If you trade ETH, LTC, XRP, XLM, or XDG on Kraken, please read the following announcements to learn about:
The ETH hard fork
Reversing XBT/LTC, XBT/XRP, XBT/XLM, and XBT/XDG pairs
The ETH hard fork
As you may know, the Ethereum community has elected to do a hard fork in order to resolve the DAO exploit. The MainNet block on which the hard fork will occur is set at 1920000, which should be reached on Wednesday July 20 (this is only an estimate however).
How will Kraken handle the hard fork?
ETH deposits and withdrawals will be disabled approximately 1 hour before the hard fork activates. Trading will continue as normal during the fork. All ETH on Kraken after the fork will be tokens of the winning chain (i.e. the chain with the most work on it). ETH deposits and withdrawals will be enabled again once the winning chain has become clearly evident. We expect the hard fork process to be smooth and quick, but there is no certainty of this.
Where to find the latest news on the hard fork?
https://www.reddit.com/r/ethereum
https://blog.ethereum.org/
Reversing XBT/LTC, XBT/XRP, XBT/XLM, and XBT/XDG pairs
On Tuesday July 19 at approximately 2-4pm UTC we will be reversing some of our bitcoin-altcoin pairs as follows:
XBT/LTC → LTC/XBT (with 6 decimal place precision)
XBT/XRP → XRP/XBT (with 8 decimal place precision)
XBT/XLM → XLM/XBT (with 8 decimal place precision)
XBT/XDG → XDG/XBT (with 8 decimal place precision)
What will happen on July 19?
All trading on XBT/LTC, XBT/XRP, XBT/XLM, and XBT/XDG will be halted. All open orders will be cancelled with the exception of basic limit orders which will be converted to their nearest equivalents in the new reversed markets. This means that buy orders will become sell orders and sell orders will become buy orders (since an order to sell XBT/LTC is equivalent to an order to buy LTC/XBT). Also, prices will be converted to their inverse 1/x equivalents. This price conversion cannot be perfect due to rounding errors and precision limitations. If you are concerned about your orders being converted, please cancel all your open orders prior to July 19 at 2 pm UTC.
Why are these pairs being reversed?
Due to strong client demand
To improve the uniformity of our markets (all altcoins priced in terms of XBT)
To align our markets with other exchanges
Why did we originally do it differently from other exchanges?
Explained here: https://bitcointalk.org/index.php?topic=290799.msg5113984#msg5113984
Questions?
Contact Kraken support: [email protected]
Thank you for choosing Kraken, the trusted and secure digital assets exchange.
The Kraken Team