Finally everyone is ready to use SegWit!

in #bitcoin6 years ago


Major Bitcoin Exchanges in the world


Bitfinex and Coinbase, among the top 10 Bitcoin exchanges by trade volume in the world, announced that are ready to implement the Segregated Witness protocol to their platform. Coinbase had first announced the upgrade to SegWit since December 2017, now completing the testing phase and ready to add it to the entire platform in the upcoming weeks. 



Bitfinex is leading the Bitcoin trades in the last hours, it's CTO stated the following about the SegWit integration to their exchange:


“SegWit provides not only an immediate benefit for users, but also a foundation for future Bitcoin development. By supporting SegWit addresses, Bitfinex is tackling three of the biggest crypto-enthusiast concerns: transaction fees, transaction speed, and total network capacity. We are delighted that through this implementation we can provide our customers with bitcoin withdrawal fees that are up to 20 percent lower, as well as faster-than-ever transaction speeds.”


Bitcoin Core too!


The last major Bitcoin Core Client upgrade includes full Segregated Witness integration.  This client version is the first from bitcoin Core to actually support the SegWit protocol. This is how it was stated on their GitHub:



These news are good for the Bitcoin ecosystem from technical point of view, but also gives hopes and credibility to the crypto, which after the polemic scaling problems were on the spotlight during the January dip now it needed it assure users and investors the relevance and value of the Bitcoin protocol and network.


What do you think? Is SegWit pumping Bitcoin? Please share your thoughts in the comment section. 


Thank you for reading. 


Cheers!

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Nice update, thanks! I think it helps a lot, since improvements in the area transaction time, network fee, and network capacity were much-needed. It is one step further in the direction of not only using BTC as a store of value but also to exchange value. With Lightning Network in the pipeline, the scenario of paying for your coffe with BTC becomes more realistic again.

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