Tag: Segwit

BitPay CEO Claims Current Average Bitcoin Fee Makes 57.26% Wallet Balances Unspendable No Comments

Everyone knows the Bitcoin transaction fees always spark new debates. In most cases, those discussions are not going all that well. Tony Gallippi, the CEO of BitPay, isn't a big fan of this situation either. Instead, he points out how over half of the current Bitcoin wallet is unable to spend their balance. This is mainly due to the balances being lower than the actual transaction fees. There is s...


SegWit Transaction Percentage on Bitcoin Blockchain Dips Below 10% Again No Comments

The activation of Segregated Witness on the Bitcoin network hasn't done too many favors so far. The number of SegWit-capable transactions is still incredibly low. Without proper support form wallets and other service providers, this will not change. According to the charts, less than 10% of all transactions use this scaling solution. It is a very worrisome trend, to say the very least. Solving thi...


BitGo Engineer: Customers are Saving $100,000 in Bitcoin Fees Due to SegWit No Comments

Jameson Lopp, a prominent bitcoin developer and lead engineer at BitGo, revealed that some of the largest customers using bitcoin and blockchain security services of BitGo are saving as much as $100,000 on a monthly basis in transaction fees due to SegWit. Our largest customers who have upgraded to SegWit are saving nearly $100,000 a month in transaction fees. — Jameson Lopp (@lopp) November...


NewsBTC Bitcoin Transaction Fees

Mounting Bitcoin Transaction Fees Cause Uproar Once Again No Comments

It is that time of year again when the Bitcoin transaction fees are on the rise. We have seen this problem occur multiple times already. Right now, the median fee is $4.23, which is ridiculously high. It may even result in a new all-time high. Not the good kind, though, that much is certain. Rest assured this development will spur a lot of new debates in the coming days and weeks. Bitcoin trans...


Bitcoin Fees Significantly Decline as SegWit Adoption Reaches 14.5% No Comments

Within the past week, the percentage of Segregated Witness (SegWit)-enabled transactions in the Bitcoin network has increased from 9 percent to 14.45 percent, decreasing Bitcoin transaction fees, the size of the Bitcoin mempool, and blocks. SegWit nears 15%. Transaction fees down. Average #bitcoin block size 0.82 MB. Most importantly, Bitcoin mempool size at 6 million. pic.twitter.com/FSuqSaOqJ...


The Bitcoin Mempool Fills up Again Following Massive Price Boost No Comments

A lot of people are keeping a close eye on the Bitcoin price right now. Due to this upward momentum, a lot of coins are being spent on the network. That is a good sign in most cases, but it can be somewhat problematic for Bitcoin. The Mempool is filling up with unconfirmed transactions once again. Despite the SegWit scaling solution, this remains a big issue. It is not entirely surprising to se...


NewsBTC Bitcoin Cash to SegWit

Sending Bitcoin Cash to a SegWit-enabled BTC Address Becomes a Very Common problem No Comments

It appears Bitcoin Cash supporters have a major issue to contend with. This is not a protocol issue per se, but it can have major consequences. Anyone sending Bitcoin Cash to a SegWit-capable Bitcoin address will lose their money. As Both networks support P2SH and sending wallets cannot verify which blockchain the address resides on, it poses a financial risk. It appears quite a few people have al...


NewsBTC GreenAddress SegWit

GreenAddress Finalizes SegWit Integration with Opt-out Option No Comments

Bitcoin users all over the world are familiar with the GreenAddress service. It was one of the first wallets to introduce some advanced features we are accustomed to today. In the recent update, the platform now fully supporters SegWit. This is a big development, as not all Bitcoin wallets have implemented the upgrade yet. There are some other new features to enjoy as well. Plus, the team has grow...


NewsBTC Litecoin Core SegWit

Can Bitcoin Grow in the Same Manner as Litecoin did After Activating SegWit? No Comments

Segregated Witness is one of the most intriguing scaling proposals the cryptocurrency world has seen to date. It is already active in many altcoins, but not the currency it was initially designed for. Bitcoin has yet to reap the benefits of SegWit as we speak. With the activation locked in, good things will happen over time. If Bitcoin were to follow Litecoin's path, we may even see a price well a...


NewsBTC Zap Bitcoin Lightning Network

Lightning Network-capable Bitcoin Wallet Zap Will go in Public Beta Next Week No Comments

It looks as if Bitcoin users will soon be able to experiment with the Lightning Network. Zap, an LN-compatible Bitcoin wallet, announced its beta release not too long ago. This is a major development as far as Bitcoin scaling and improving transaction throughput are concerned. With SegWit activating in the near future, Zap comes at a most opportune time. This launch will help elevate Bitcoin to a ...


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