Tag Archive: SegWit

  • Coinbase Bitcoin, Companies, News, News teaser

    New Data Shows Coinbase May Be Spamming the Bitcoin Network

    US exchange and wallet provider Coinbase is facing fresh criticism from both users and Bitcoin industry figures over its delayed SegWit adoption. ‘You Alone Are Spamming The Network’ As the company continues to suffer technical outages due to high demand, its effect on the Bitcoin mempool has become the source of renewed calls for SegWit as a priority. “You need to batch your outgoing transactions,” Twitter user Civ Ekonom wrote in response to Coinbase’s latest

    · January 12, 2018 · 7:30 am
  • segwit Bitcoin, Bitcoin core, Bitcoin Technology, News, News teaser

    SegWit Wallet Support is Coming to Bitcoin Core

    A new pull request will likely see SegWit included in the forthcoming Bitcoin Core version 0.16 release, easing Core node access to the technology. ‘It’s Happening’ Activity from Core’s Github repository confirms the pull request by Core developer Pieter Wuille, which comes as industry and community pressure builds on Bitcoin entities to upgrade systems to handle SegWit. According to a previous release schedule, 0.16.0 is due to complete by May 1, and could now count

    · January 11, 2018 · 4:45 pm
  • Coinbase petition Bitcoin, Bitcoin Community, Bitcoin Exchange, Companies, News, News teaser

    Petition to Bring SegWit to Coinbase Nears 5000 Signatures

    Bitcoin community figures have championed a petition asking Coinbase to prioritize SegWit implementation which has gathered over 5,000 signatures (at press time). ‘Your Customers Want This,’ Bitcoin Tells Coinbase Online trader Vortex among others urged users to sign the Change.org petition on social media, which requests that the US exchange treat SegWit as its next project. Previously, Coinbase had announced SegWit was third in its development queue, leading to criticism that users would continue paying

    · January 8, 2018 · 3:00 pm
  • Bitcoin, Bitcoin Exchange, Blockchain Technology, News, News teaser

    2018 To Be the Year of SegWit

    The year started with good news about Bitcoin’s urgently needed optimizations. Indeed, key entities of the cryptocurrency ecosystem began the year by rushing to become Segregated Witness (SegWit) compatible. Specifically, BTC.com and LocalBitcoins.com are implementing SegWit from the first business day of 2018. SegWit Will Help Reduce Transaction Fees Dr. Pieter Wuille proposed SegWit in December 2015. Then it was activated in August 2017. Segwit promises to improve Bitcoin’s scalability and reduce Bitcoin’s transaction fees.

    · January 3, 2018 · 1:30 am
  • BTCPay is a Better (and Cheaper) BitPay, Says Core Developer Nicolas Dorier Bitcoin, Bitcoin Acceptance, Bitcoin Businesses, Bitcoin Technology, Interviews

    BTCPay is a Better (and Cheaper) BitPay, Says Core Developer Nicolas Dorier

    Bitcoinist spoke with Bitcoin Core developer Nicolas Dorier who explains why BTCPay is not only a cheaper alternative to BitPay but also provides merchants and users with more control over their funds. What is BTCPay? BTCPay Server is an open-source payment processor that conforms to the invoice API of Bitpay. This allows easy migration of your code base to your own self-hosted payment processor. According to BTCPay, the service would be a good choice for

    · December 27, 2017 · 12:30 am
  • Bitcoin, Bitcoin Price, News, News teaser

    BitPay Backpedals on Payment Limits

    Online Bitcoin payments provider BitPay announced last week that the minimum accepted payment would be $100. This was in response to escalating Bitcoin transaction fees during the big sell off. However, just two days later, the provider backpedaled to restore the previous minimum of $5. Last week saw Bitcoin’s biggest selloff this year, even bigger than the Chinese ICO ban in September. The crypto coin dumped 40% of its value in a matter of days,

    · December 26, 2017 · 6:30 am
  • Coinbase Announces 2018 SegWit Support As Third 'Engineering Priority' Bitcoin, News, News teaser, Uncategorized

    Coinbase Announces 2018 SegWit Support As Third ‘Engineering Priority’

    Largest US cryptocurrency wallet and exchange Coinbase has confirmed it “plans” to support SegWit transactions in 2018. SegWit Follows Security, Performance As Top Priority In a blog post on Friday, the company’s vice president Dan Romero confirmed the timeframe, despite noting that SegWit, as a “new feature,” was only Coinbase’s third priority. In the post, published on Medium, Romeo wrote: In terms of our engineering priorities, securely storing customer funds remains our top priority. […] Our next

    · December 16, 2017 · 1:30 pm
  • Bitcoin, Bitcoin Acceptance, Bitcoin Wallet, News, News teaser

    WikiLeaks Now Supports Bitcoin SegWit Addresses for Donations

    WikiLeaks has long relied upon donations in order to keep exposing government and corporate secrets and corruption. Now another avenue of support is open as Julian Assange announces that WikiLeaks now supports Bitcoin SegWit addresses. WikiLeaks has tirelessly worked to analyze and publish restricted and censored data that exposes corruption and other organizational secrets. In its 10 years of existence, it has amassed a database of over 10 million documents that shed light on things

    · December 15, 2017 · 3:00 am
  • Bitcoin, Bitcoin Technology, News, News teaser

    SegWit, Tony? BitPay CEO’s Fee Estimates ’20x Too High’

    BitPay CEO Tony Gallippi has received widespread condemnation after complaining non-SegWit Bitcoin fees were too high. Newbery: Customers Should Vote With Their Feet In a series of tweets, Gallippi, whose payment provider is yet to implement SegWit, implied Bitcoin was unspendable by over half of wallets. He had used a fee estimate “20x too high,” responses then retorted, with engineer John Newbery pointing out that fees for three previous blocks were 22 satoshis/ byte or

    · November 17, 2017 · 6:00 am
  • fees Bitcoin, Bitcoin Education, Bitcoin Wallet, Blockchain Technology, News, News teaser

    How Bitcoin Fees Work and Why They’ve Been So High

    Fees have been extraordinarily high this past week, and this article aims to clear up misconceptions and help users make smarter decisions in setting the right fees for their transactions. $3 fee for a $5 transaction? With the recent Bitcoin rally up into the mid $4,000’s there has been a huge influx of users that really don’t understand how Bitcoin works under the hood. And that’s okay, most people are here just for the investment. But

    · August 30, 2017 · 3:30 am
  • Segwit lightning Bitcoin, Bitcoin Community, Bitcoin Technology, News, News teaser

    Segwit Activated: How it Works & What’s Next for Bitcoin

    Segregated Witness, or Segwit, has finally been activated by a super majority of the current hashpower on the Bitcoin network. Segwit fixes many bugs currently in the protocol, and allows for some scaling using an effective blocksize increase. Almost two years of debate In December of 2015, the source code for Segregated Witness (Segwit) was released. It was meant as a fix for the ever-problematic transaction malleability bug, which allowed for someone to change one

    · August 25, 2017 · 4:00 am
  • Bitcoin's Meteoric Weekly Rise Results in Market Cap Bigger Than Nike, Bayer, Goldman Sachs Bitcoin, Bitcoin Community, Markets and Prices, News, News teaser

    BIP91 Locks In – Renewed Optimism Rockets Bitcoin to Over $2900

    After months of disagreement and internal debate, the Bitcoin Network will finally implement a scaling solution; BIP91 has just locked in, meaning that the activation of SegWit will be imminent. BIP91 Locks In The lock in of the BIP91 proposal means that as long as 51% of the network hash power continues to mine blocks that support SegWit, the protocol will activate and there will be no risk of a major chain split. BIP91 is

    · July 20, 2017 · 8:08 pm
  • BIP91 Bitcoin price Bitcoin, Bitcoin Businesses, Bitcoin Community, Bitcoin Technology, News, News teaser

    Bitcoin Price Soars as Miners Signal Upgrade to Avoid Schism

    The increasing number mining pool support for BIP91 and SegWit has pushed bitcoin price upwards as a split seems to have been avoided. Disaster Averted So it looks like disaster averted, or at the very least postponed. We’ve had what seemed like an eternity of discussion, with no sign of a consensus looming. But now it looks like the battle for Bitcoin’s (immediate) future, has been won within hours of the first shots being taken.

    · July 19, 2017 · 5:00 am
  • pool Bitcoin, Bitcoin Businesses, Bitcoin Community, Bitcoin core, Bitcoin Technology, Mining, News, News teaser

    The Biggest Mining Pool is Now Signaling to Keep Bitcoin Whole

    BIP91 blocks have been successfully mined by BiXin and Antpool helping to allay fears that Bitcoin could split in the face of incompatibility between rival Segwit2x and BIP148 implementations. BIP91 (or Bitcoin Improvement Proposal 91) is the work of software engineer James Hilliard, it addresses incompatibilities between the competing SegWit2x and BIP148 protocols. Both bring SegWit to Bitcoin, except that SegWit2x refuses communication with BIP148, which would effectively cause Bitcoin to split in two. What’s

    · July 17, 2017 · 11:00 am
  • Bitcoin Lightning Network Is Coming: Test a Transaction Now Litecoin, News, News teaser

    Litecoin and Lightning Network Coming Very Soon to Bitstamp?

    Bitstamp tweeted a mysterious video featuring a lightning bolt seemingly making a thumbs up which follows speculation that Litecoin will be soon added to the site. The video also suggests that access to the lightning network is coming too. TRADING FORECAST: Bright spells with new opportunities predicted to strike this week. #staytuned pic.twitter.com/YHd3VoulQc — Bitstamp (@Bitstamp) June 12, 2017 Litecoin Rumors The mysterious tweet coincides with Litecoin creator Charlie Lee’s departure from Coinbase where he worked

    · June 13, 2017 · 1:20 pm
  • UASF Bitcoin, Bitcoin Businesses, Bitcoin Community, Bitcoin Technology, News, News teaser

    UASF Continues to Gain Support as ‘Secret’ SegWit2x Roadmap Revealed

    Though a Bitcoin scaling agreement was reached at the recent Consensus conference in New York, many companies are increasingly supporting a User-Activated Soft Fork (UASF)  as a means to activate SegWit. UASF Still on the Table Although reports have stated that the Bitcoin scaling debate may be coming to an end due to what has been known as the ‘Barry Silbert Agreement,’ recent developments indicate that it may still be far from over, leaving other options like the

    · May 30, 2017 · 10:30 am
  • Bitcoin, Bitcoin Community, Bitcoin Conference, News, News teaser

    Consensus Bombshell Sees Bitcoin SegWit Slated For September

    An exhausting day at Consensus 2017 has culminated in Barry Silbert seemingly guiding major industry figures towards activating SegWit. Silbert’s SegWit Scheme Pays Off? In a closed-door meeting organized at Consensus 2017, Silbert allegedly convinced participants to sign on to SegWit by September, with a 12-month “countdown” to a 2MB block size increase. Investor Alistair Milne tweeted details of the meeting earlier Monday, with Blockstream’s Samson Mow adding information about the September date. I do not

    · May 23, 2017 · 3:00 am
  • Bitcoin, Bitcoin Businesses, Bitcoin Community, Bitcoin Technology, News, News teaser

    Barry Silbert’s ‘Compromise’ to Scale Bitcoin Nets 80% Hashrate Support

    Entrepreneur and cryptocurrency fund creator Barry Silbert has concluded the community is behind SegWit after canvassing businesses and miners. Silbert SegWit Support Echoes Coin Dance In a series of Twitter posts, Silbert announced he had at least 50 businesses who had “signed on” to his preferred Bitcoin scaling solution – SegWit with a block size increase to 2 megabytes within 12 months. This was followed by almost 80% of network hashrate coming from miners who

    · May 18, 2017 · 2:00 pm
  • Altcoins, News, News teaser

    Litecoin Activates SegWit Today As Price Nears $40

    SegWit activation day is here for Litecoin as the fourth-largest cryptocurrency gains another 38% in price. Litecoin Passes $35, Lee Remains Cool With just several hours to go before its “locked-in” status changes to “activated”, investors are celebrating as Litecoin’s price per token exceeds $35. The surge marks a turnaround in the altcoin’s fortunes, prices having suffered earlier this week as assets across the board hemorrhaged value. Poloniex, a major altcoin exchange, experienced slowness and

    · May 10, 2017 · 9:48 am
  • Bitcoin Bitcoin, Bitcoin Technology

    Unconfirmed Bitcoin Transactions Reach 150k

    As Bitcoin continues to grow in popularity and value, the network’s capacity issues are becoming even more evident with the number of unconfirmed transactions reaching record-breaking figures. Unconfirmed Transactions Reach ATH It is well-known that the Bitcoin network is currently running at full capacity. With two popular scaling proposals competing for miner approval, there seems to be no resolution in sight. In the meanwhile, the situation is getting worse every day with the number of unconfirmed transactions reaching

    · May 7, 2017 · 1:04 pm
  • Bitcoin, Bitcoin Technology, Companies, News, News teaser

    Airbitz New Release Lets Users Choose Their Node Allegiances

    Bitcoin wallet provider and security platform Airbitz has released an update allowing users to choose which nodes they connect to. Airbitz: Choice Is Part Of ‘Bitcoin Ethos’ In a post Monday, the company cited “choice” as part of the “Bitcoin ethos” as motivation for letting wallet holders decide the nodes they want to relay transactions with. Our latest release, v 2.4.1, is now out in iOS and Android! https://t.co/uj5wo0hAOq pic.twitter.com/KExIodjODP — Airbitz Inc (@Airbitz) April

    · April 25, 2017 · 1:00 pm
  • Complete Turnaround Just a Day Later Litecoin, News, News teaser

    Litecoin: Bitmain Trades Sides, Supports SegWit Activation

    Litecoin’s problematic course towards Segregated Witness (SegWit) activation has ended in an unusual display of unity. Litecoin Roundtable: We ‘Unanimously Agree’ On SegWit Activation Following a meeting of Chinese cryptocurrency players including exchanges and miners, a consensus was reached on activating SegWit despite some participants having previously been against the idea. The so-called Litecoin Global Roundtable included Litecoin creator Charlie Lee, exchanges Huobi and Okcoin and formerly anti-SegWit mining pool Bitmain. Summarized minutes released from

    · April 21, 2017 · 9:10 pm
  • GDAX Prepares for a Chain Split Bitcoin, Bitcoin core, Bitcoin Technology, FinTech, News

    ViaBTC Explains Why They Don’t Support SegWit

    ViaBTC’s latest blog post sheds some light on why the mining pool is opposing the Bitcoin scaling proposal, SegWit. ViaBTC, Bitcoin Core and SegWit ViaBTC just published a blog post in which they explain the reason behind their opposition to SegWit, citing the concerns regarding the complexity of the soft fork, the irreversible damage it may and the introduction of second-tier networks like Lightning Network. The mining pool also mentions Bitcoin Core’s impact on Bitcoin

    · April 19, 2017 · 12:00 pm