Dear Developers, dear All,
sorry for the potentially trivial question, but I need to ask: why exchanges don't do this migration themselves automatically? Like the same way as they automatically created ETC accounts after the Ethereum hardfork? What happens to my funds on LiveCoin if I don't do the migration myself?
Many thanks for your help.
It is not so trivial question. Forking is completly different process from migration between platforms = actually replacing underlying Bitcoin-family Blockchain with new Ethereum Blockchain. With migration, we are exchanging old CRBIT coins for newly issued CRB Tokens - for each coin that we recieve and lock on the old Blockchain, we issue one Token on Ethereum blockchain.
Only one single Curator address have the right to migrate (create) new CRB Tokens from migration - this is determined in a migration Smart Contract. If we would give this right also to Exchanges, they would be able to exploit this right and create more CRB Tokens then the amount of CRBIT coins collected.
Thank you for the clear answer.
I didn't mean that it was trivial, I was just not sure about it, because I couldn't find any information on this.
I see that it is not the same as forking, I meant it as an example for the exchanges taking care of the new situation for their users. Now I also know why this cannot be done here.
All clear. Keep up the good work.
