Bitcoin Core 0.16.0 Introduces Full Support for SegWit - Crucial Milestone in Bitcoin’s History

During the official 0.16.0 release, Bitcoin Core have said that the new version is now available for upgrade. According to a report, a circular mailing list shows different upgrades to the now popular SegWit move. The increasing popularity of the coin caused overloads on the platform, hence the key requirements from millions of users was an update that would enhance speeds while at the same time reducing transaction costs.

SegWit aims to enhance transactions speed by removing some of them from the main network. The update was finalized in August and has been under testing, which came to an end on 26th February. Developers are planning to start implementing the changes to all the customers staring next week.

"This is a new major version release, including new features, various bugfixes and performance improvements, as well as updated translations" - said Core developer Peter Todd during the release.

Meanwhile, two of the biggest cryptocurrency exchanges, Coinbase and Bitfinex, have confirmed that they are going to launch the SegWit protocol on their websites.

More details: Bitcoin Core 0.16.0 Introduces Full Support for SegWit