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Tag: SegWit

Full SegWit Support with the New Bitcoin Deployment (Version 0.16.0)

Category: Bitcoin, News, Tech

Full SegWit Support with the New Bitcoin Deployment (Version 0.16.0)

After much back and forth, SegWit (Segregated Witness) was rolled out in August 2017. It is now prompting developers to assemble an almost “themed” release that will see a new level of congregation for the Bitcoin creator fraternity. Driven primarily by the imperative to scale the network, another serious benefit for users will be the fact that it opens up…

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Why SegWit2X Failed to Gain Traction and Become a Reality

Category: Bitcoin, Blockchain, Commentary, Mining, News

Why SegWit2X Failed to Gain Traction and Become a Reality

  Bitcoin was scheduled to undergo a hard fork sometime in early November 2017, with the event resulting in two separate cryptocurrencies, one being the original bitcoin and the other commonly referred to as SegWit2X. Eventually, the fork was called off due to shrinking support and the critics. The Venn Diagram of Hard Forks and Block Size On August 1,…

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Coinbase under Fire for Their Bitcoin Mempool Spamming

Category: Bitcoin, Blockchain, Commentary, Mining, News, Tech

Coinbase under Fire for Their Bitcoin Mempool Spamming

Coinbase is currently the biggest worldwide wallet platform and brokerage for cryptocurrencies with a platform valued at upwards of $1.6 billion. But, the firm has been under fire on a variety of different fronts as of late. Clearing the Mining Pool The latest reason for them coming under attack is due to the lack of Segregated Witness (SegWit) and batching…

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Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses

Category: Guides, News

Electrum 3.0 is first Wallet to enable Bech32 SegWit Addresses

Last week Electrum 3.0 was released. The new version of the most popular Bitcoin wallet does not just support SegWit, but also uses the new address format Bech32. Electrum 3.0 could be one of the most interesting upgrades of the popular wallet. It does not just migrate from Python3 to Qt5, but also supports SegWit as the first wallet with…

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Three Reasons Why it May be Vertcoin’s Time to Shine

Category: Altcoins, Commentary, News

Three Reasons Why it May be Vertcoin’s Time to Shine

Vertcoin (VTC) managed to push to its highest level since March 2014, flirting with the $1.00 handle recently. A boost in the number of active addresses on the network correlates with Litecoin’s Segwit activation during May 2017. VTC-BTC was a strong performer in August, with the largest monthly gain in over three years. Bitcoin’s SegWit activation and the rising tide…

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SegWit Activated, Bitcoin Price Rests Above $4200

Category: Bitcoin, Commentary, News, Price Analysis

SegWit Activated, Bitcoin Price Rests Above $4200

The scaling upgrade for Bitcoin’s blockchain, Segregated Witness (SegWit) went live in the early hours of August 24. Market commentators have mixed feelings about where the price of bitcoin will head next. Further progress in development is expected with the activation of SegWit and the event has spilled over into altcoin markets, with SegWit-ready altcoins showing large gains. SegWit Paves…

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After Misleading Users, BitPay is Being ‘Forked’

Category: Bitcoin, Business, News

After Misleading Users, BitPay is Being ‘Forked’

A backlash against BitPay for misleading users has resulted in their software being forked, meaning its code will be altered so that users have a Bitcoin Core based option for bitcore. On August 18, Bitcoin developer Nicolas Dourier begun to fork the code from BitPay’s bitcore so that merchants can get paid in bitcoin while avoiding upgrading to SegWit2x, which…

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SegWit Lock-In: What Does it Mean for Bitcoin?

Category: Bitcoin, Blockchain, News

SegWit Lock-In: What Does it Mean for Bitcoin?

On August 9, the highly-anticipated Segregated Witness (SegWit) protocol upgrade to the Bitcoin blockchain was officially locked in on block 479,707. While there is still a two-week waiting period before SegWit will be fully activated, the lock-in means that all bitcoin mining operations have to implement this update now or else they will have to give up their bitcoin mining…

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BIP 91 Activation Awaits, Parity Hackers Bag $32 Million in Ether: BTCManager’s Week in Review July 24

Category: News, News Digest

BIP 91 Activation Awaits, Parity Hackers Bag $32 Million in Ether: BTCManager’s Week in Review July 24

The much anticipated SegWit implementation could be one step closer to reality by the second week of August now that BIP 91 has been signaled by over the 80 percent of hash power needed to lock it in, which means that the Bitcoin blockchain will soon be optimized by 75 percent. Transactions will become cheaper as their size will decrease…

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BIP 91 Likely to be Locked in Within 24 Hours, Bitcoin Displays Highest Ever Daily Gain

Category: Bitcoin, Commentary, News, Price Analysis

BIP 91 Likely to be Locked in Within 24 Hours, Bitcoin Displays Highest Ever Daily Gain

Bitcoin Improvement Proposal 91, or BIP 91 for short, a miner-activated soft fork (MASF) developed by James Hilliard, passed its 80 percent activation threshold on July 16 and is set to be locked in within 24 hours. The compromise between developers and the mining community has coincided with buoyant markets, as BTC-USD recovers from a recent low at $1830 on…

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