Common use of Cryptocurrency Networks and Forks Clause in Contracts

Cryptocurrency Networks and Forks. I understand that you do not own or control the software, protocols, or databases underlying the Cryptocurrency networks and other digital asset networks and that you make no guarantees regarding the security, functionality, or availability of such networks. In general, the underlying software, protocols, and databases are public and open source and anyone can use, copy, modify, and distribute them. I further understand that third parties may from time to time create a copy of a Cryptocurrency network and then implement changes in operating rules or other features (“Forks”) that may result in more than one version (each, a “Forked Network”), and that such Forks may materially affect the value of the Cryptocurrencies or other digital assets I hold. In the event of a Fork, I agree and understand that you may temporarily suspend the RHC Services without advance notice to me while you determine in your sole discretion which Forked Networks to support. I FURTHER AGREE AND UNDERSTAND THAT YOU MAY DETERMINE, IN YOUR SOLE DISCRETION, NOT TO SUPPORT A FORKED NETWORK AND THAT I HAVE NO RIGHT, CLAIM, OR OTHER PRIVILEGE TO ANY CRYPTOCURRENCY OR OTHER DIGITAL ASSET ON SUCH UNSUPPORTED FORKED NETWORK (“FORKED ASSETS”). I UNDERSTAND THAT YOU MAY, IN YOUR SOLE DISCRETION, DETERMINE THE APPROACH TO SUCH FORKED ASSETS, WHICH APPROACH MAY INCLUDE ABANDONING OR OTHERWISE ELECTING NOT TO SUPPORT SUCH FORKED ASSETS AS PART OF THE RHC SERVICES. I FURTHER AGREE AND UNDERSTAND THAT YOU ARE UNLIKELY TO SUPPORT MOST FORKED NETWORKS AND THAT MOST FORKED ASSETS WILL LIKELY NOT BE MADE AVAILABLE TO ME. I understand that the supply of Forked Assets available to you as part of the RHC Services and your ability to deliver Forked Assets resulting from a forked network may depend on third parties that are outside of your control. I further understand and agree that you and your Affiliates shall not be liable for (i) the software, protocols, or databases underlying the Cryptocurrencies (or other digital asset) and associated networks, (ii) any change in the value of any Cryptocurrency or other digital asset (whether associated with a Fork or otherwise), or (iii) any decision regarding supporting or not supporting any Cryptocurrency or other digital asset, including a Forked Asset.

Appears in 6 contracts

Samples: Crypto User Agreement, Crypto User Agreement, Crypto User Agreement

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Cryptocurrency Networks and Forks. I understand that you do not own or control the software, protocols, or databases underlying the Cryptocurrency networks and other digital asset networks and that you make no guarantees regarding the security, functionality, or availability of such networks. In general, the underlying software, protocols, and databases are public and open source and anyone can use, copy, modify, and distribute them. I further understand that third parties may from time to time create a copy of a Cryptocurrency network and then implement changes in operating rules or other features (“Forks”) that may result in more than one version (each, a “Forked Network”), and that such Forks may materially affect the value of the Cryptocurrencies or other digital assets I hold. In the event of a Fork, I agree and understand that you may temporarily suspend the RHC Services without advance notice to me while you determine in your sole discretion which Forked Networks to support. I FURTHER AGREE AND UNDERSTAND THAT YOU MAY DETERMINEagree and understand that you may determine, IN YOUR SOLE DISCRETIONin your sole discretion, NOT TO SUPPORT A FORKED NETWORK AND THAT not to support a forked network and that I HAVE NO RIGHThave no right, CLAIMclaim, OR OTHER PRIVILEGE TO ANY CRYPTOCURRENCY OR OTHER DIGITAL ASSET ON SUCH UNSUPPORTED FORKED NETWORK or other privilege to any cryptocurrency or other digital asset on such unsupported network (“FORKED ASSETSForked Assets”). I UNDERSTAND THAT YOU MAYunderstand that you may, IN YOUR SOLE DISCRETIONin your sole discretion, DETERMINE THE APPROACH TO SUCH FORKED ASSETSdetermine the approach to such Forked Assets, WHICH APPROACH MAY INCLUDE ABANDONING OR OTHERWISE ELECTING NOT TO SUPPORT SUCH FORKED ASSETS AS PART OF THE which approach may include abandoning or otherwise electing not to support such Forked Assets as part of the RHC SERVICESService. I FURTHER AGREE AND UNDERSTAND THAT YOU ARE UNLIKELY TO SUPPORT MOST FORKED NETWORKS AND THAT MOST FORKED ASSETS WILL LIKELY NOT BE MADE AVAILABLE TO MEagree and understand that you are unlikely to support most forked networks and that most Forked Assets likely will not be made available to me. I understand that the supply of Forked Assets available to you as part of the RHC Services and your ability to deliver Forked Assets resulting from a forked network may depend on third parties that are outside of your control. I further understand and agree that you and your Affiliates shall not be liable for (i) the software, protocols, or databases underlying the Cryptocurrencies (or other digital asset) and associated networks, (ii) any change in the value of any Cryptocurrency or other digital asset (whether associated with a Fork or otherwise), or (iii) any decision regarding supporting or not supporting any Cryptocurrency or other digital asset, including a Forked Asset.

Appears in 1 contract

Samples: Robinhood Crypto Customer Agreement

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