BREAKING: Coinbase Officially Launches SegWit Support For Bitcoin - As Just Announced by Vice President / GM of Coinbase.

in #crypto-news6 years ago


Long awaited, long fought for -- Coinbase finally gets their act together on this issue, while many others in the space have long since had this taken care of.

It has really impacted the entire crypto sphere, as Coinbase controls so much of the Bitcoin transaction market, along with their large volume for LiteCoin, Ethereum and Bitcoin Cash - which was stealth launched without notice -- another big controversy.


Dan Romero

Vice President and GM of Coinbase:

We’re excited to announce support for Bitcoin Segregated Witness (SegWit) transactions on Coinbase. Over the next week, we will be gradually enabling SegWit compatible Bitcoin sends and receives for all customers. To learn more, visit our SegWit FAQ page.


Official Coinbase source breaking news / the last few hours:

https://blog.coinbase.com/announcing-segwit-support-on-coinbase-4e51117857c7


For those unfamiliar with SegWit, this upgrade helps reduce the size of Bitcoin transactions. This improves the overall transaction capacity of the Bitcoin network and should also help reduce the fees customers pay on bitcoin transactions. You can read more about SegWit here.



Thanks for reading, have a nice day.


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Maybe this news will help Coinbase put to bed their last controversy. If they are able to introduce some more currencies to their platform they may be able to keep their current percentage of the market. Thanks for the post!

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