Posts in category

SegWit


On October 12th 2018, Crypto Insider’s Vlad Costea has interviewed Bitcoin developer and educator Jimmy Song. Below you will find the complete transcript of the interview. Topics include Blockstream’s Liquid Network, SegWit2X, Bitcoin Cash, shopping with the credit card, Nouriel Roubini’s Bitcoin maximalism, and educating the next generation of Bitcoin developers.   Full Jimmy Song …

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The Coinbase wallet and exchange service has fixed a bug in the payment gateway system which caused users to lose their funds from Bitcoin transactions via the platform. The issue emerged two weeks after the cryptocurrency exchange announced the launch of Segregated Witness (SegWit) support for its transactions. In their Reddit post on March 12, …

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Vitalik Buterin, co-founder of Ethereum, presented a Blockchain scaling solution called Plasma Cash, an even “more scalable” version of an existing solution called Plasma, during a talk live streamed on YouTube at the Ethereum Community Conference in Paris on Friday, March 9. Plasma Cash was developed by Buterin and developers Dan Robinson and Karl Floersch. …

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Even though SegWit was released on August 1, 2017, it is only in the last few weeks where there has been a genuine uptick and adoption of the scaling upgrade. To this end, Bitcoin Core v0.16.0 was released announcing full support for SegWit. As SegWit gets adopted by more exchanges, and more transactions start to …

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Bitcoin is retesting support at $11,000 after reaching highs of $11,528 Sunday, the latest cross-exchange data shows. According to Coinmarketcap, Bitcoin retook the $11,000 mark early Saturday before resistance closer to $12,000 kicked in a day later. Bitcoin prices have continued to struggle with resistance clustering around $12,000, analysts have noted in the past weeks. …

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Bitcoin prices reached weekly highs of $11,189 Monday, Feb. 19 as the largest cryptocurrency met resistance around $12,000. Data from major exchanges tracked by Coinmarketcap showed BTC/USD suddenly retaking $11,000 before momentum reversed at just under $11,200. The latest peak is around $700 lower than Bitcoin’s 2018 high of $11,901, achieved Feb. 21 before a …

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The Bitcoin Core development team has released a much-anticipated software upgrade designed to help scale the bitcoin network. Version 0.16.0 of Bitcoin Core, the standard software client of the bitcoin network, introduces full support for Segregated Witness (SegWit). Its release was presaged by a Github announcement earlier in February. “Bitcoin Core 0.16.0 introduces full support for segwit …

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The Bitcoin Core client version which provides “full support” to Segregated Witness (‘SegWit’) scaling technology finally received its official release Monday, Feb. 26. A circular to the Core mailing list confirms the raft of upgrades in addition to the historic SegWit move, the forthcoming release having been announced on Github earlier this month. “This is …

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Coinbase’s professional trading platform Global Digital Asset Exchange GDAX announced it has implemented Segregated Witness (SegWit) support for Bitcoin transactions in a blog post published Friday, Feb. 23. The platform characterizes SegWit technology as “a critical step forward in the development of Bitcoin” and promises support for SegWit transactions will be made available to 100% …

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$26 down to $3. The average cost of sending a bitcoin transaction is cheaper than it’s been in a year and a half, showing that the price isn’t the cryptocurrency’s only unpredictable metric these days. But with all the debate about growing fees, this might come as a surprise. After all, it wasn’t so long …

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While Bitcoin (BTC) dominance is up and Bitcoin transaction fees are down, the crypto market is seeing an overall downturn by press time, Wednesday, Feb. 21, with all of the top 30 coins on CoinMarketCap in the red. Bitcoin dominance, or BTC’s market cap as a share of the total market cap for all cryptocurrencies, …

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Crypto exchange platforms Coinbase and Bitfinex both announced yesterday, Feb. 20, that they are now ready to implement the Segregated Witness (SegWit) scalability upgrade for Bitcoin (BTC). Coinbase tweeted the announcement that it has finished the final testing stages of SegWit for Bitcoin on the platform and is aiming for a 100 percent launch to …

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The new major Bitcoin Core client version, released for public editing Feb. 15, includes full Segregated Witness (‘SegWit’) support for the first time, among a host of other upgrades. The description of Bitcoin Core 0.16.0 on Github promises “new features, various bugfixes and performance improvements” of which SegWit support is the conspicuous headliner. Demand for …

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Segregated Witness (SegWit) is special. And it’s not just because the bitcoin code change is focused on scaling the network (it is), or that it paves the way for a new layer for the tech that’s potentially faster and cheaper (it does). Finally activated last August after months of controversy, SegWit is now spurring developers to …

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Since the inception of Bitcoin less than 10 years ago, there has undoubtedly not been a busier year than 2017, the Year of the Rooster, for the whole cryptocurrency market. Now, as Chinese New Year dawns, the Year of the Dog, it is worth looking back at all that happened. It all began relatively inconspicuously …

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A patent for a system that would allow for modifications of a Blockchain protocol without a consensus from all participants of the network, originally filed by the CME Group in December 2017, has been published by the US Patent and Trademark Office (USPTO) last Thursday, Feb. 8. In most Blockchain-based networks, such as Bitcoin’s, modifying …

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“To the moon!” While this cryptocurrency rallying cry is typically used as the price of a coin starts a climb, this time the slogan’s being used to demonstrate excitement over the progress that’s being made on a long-anticipated bitcoin code optimization. Called Schnorr signatures, the technology looks to replace bitcoin’s existing signature scheme with one …

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The Coinbase cryptocurrency exchange tweeted Monday, Feb. 5, that they will soon implement the Segregated Witness (SegWit) scalability upgrade for Bitcoin addresses, which will help reduce transaction times and fees for sending and receiving Bitcoin (BTC). Although they are in the final stages of testing for their SegWit implementation, Coinbase reminded customers that they prioritize …

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Rising fees seem to be the only thing people talk about in the bitcoin world these days. The crypto space is full of frustration and vitriol on the topic, as the average transaction fee has soared to $19, turning bitcoin’s old claim to fame as a cheaper online payment method into a laughable assertion. But …

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GDAX has started trading Bitcoin Cash (BCH) this morning as of 9 AM PST, with little fanfare. The status update page for GDAX indicated that all initial testing had concluded as of 11:25 AM, with full functionality being restored. The addition of BCH on GDAX follows the addition of the hard fork coin on the …

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