Over the past few days, the Bitcoin payment processing firm Bitpay announced two types of infrastructure support features for the cryptocurrency bitcoin cash (BCH). Bitpay has launched a BCH beta version of its Copay wallet and added the BCH chain to its Insight block explorer.
Bitpay Adds Bitcoin Cash Support to its Open Source Copay Wallet
Bitcoin cash supporters can now manage their BCH with the new beta release of the open source Copay wallet created by Bitpay. The payment processing firm said that the company had received a lot of requests for BCH support. The beta Copay wallet enables users to choose between BTC and BCH within the interface.
“Since the creation of bitcoin cash (BCH) in August, we’ve received consistent feedback from our users asking us to support it,” explained the Atlanta-based company. “Bitcoin Cash is a fork of the Bitcoin blockchain which accepts much larger blocks of transactions, intended to provide the Bitcoin network with higher transaction capacity.”
Bitpay is Creating New Conventions With Other Wallet Providers to Help Mitigate Transaction Errors Between Both Networks
Bitpay says the new wallet will operate just like the original Copay client but on the BCH network. Currently, the firm is in the process of creating safeguards and has created new conventions to “ensure users don’t accidentally send BTC to a BCH wallet or vice versa.” Furthermore, the company says that it has been working with other wallet providers and exchanges to help promote these new conventions. Bitpay emphasizes that the latest Copay wallet is still in its early stages and users should be cautious with their digital assets stating:
Remember that bitcoin cash wallet support is still in beta, so take care with your BCH funds — Our wallet team is standing by to respond to feedback and bugs.
Bitcoin Cash Implemented Into Insight Block Explorer
In addition, the company has integrated the BCH network into its Insight block explorer. After releasing the BCH supported beta wallet, Bitpay said, “naturally, our next step is to make those transactions easily searchable.”
The new Insight block explorer is basically the same as the BTC version, but modified for the BCH blockchain. Now anyone using the BCH network can check transaction confirmation status, block height, transaction miner fees, transaction inputs, block statistics and more.
The latest BCH support from Bitpay is just one of many infrastructure developments added to the nascent Bitcoin Cash ecosystem over the past few weeks.
What do you think about Bitpay adding bitcoin cash support to its wallet and block explorer? Let us know in the comments section below.
Images via Shutterstock and Bitpay.
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Author: Jamie Redman