Coinbase has announced that this site will now implement Bitcoin Deposit and Seviya Seguit.
Transition is being implemented in the coming weeks, and should improve the transaction speed and lower fees. SegWit was launched in August last year through BIP 141 (Bitcoin Development Proposal), but Coinbase was slow to take technology. The lack of technology implementation was a bit disappointing for Sybase users, who introduced a petition to prioritize the segad implementation in other upgrades by calling the upgrade platform. The petition noted that the Bitcoin community "has great support" in support of "SegWit" and was signed in twelve thousand times.
Bitukayen Protocol was a major improvement in segregated witnesses or seg-bit. Redefining the structure of the block (instead of one block to 1 million to 4 million units) is possible to reduce the information about blocking transactions and block information. The change allows more transactions to be stored in each block, allowing blockkens to be more efficient and cheaper.
Recently, Sinbase is not alone in taking technology. In the past week, Bitcoin has upgraded Core Wallet to approve the deal, which was followed by a BitFinix announcement that they are now using Seguit for Bitcoin transactions. BitFinix Protocol upgrade was obvious, which posted on their blog:
"We are pleased that through this implementation we can pay Bitcoin withdrawal fee to our customers, which is 20% less, as well as faster than transaction speed."
Singagaj was not so happy about upgrading, but users gave a clear warning to confuse Bitcoin and Bitcoin Cash Deposit Address. It is able to recover funds due to the following exchange changes in SegWit.
"In Bitcoin (BTC) address, if you send Bitcoin cache incorrectly, if Siegwight starts to turn on this change, then SegVeet should help reduce the fee, your funds will not be recoverable, the deposit of wrong digital assets can be permanent damage to a deposit address."
With Coinbase accept SegWit is expected to be a significant increase in Bitcoin network speed, as the exchange represents a huge amount of transactions. Christoptiani, CEO of Mobile Top-up Service BTFL, mentions that the number of Bitcoin transactions decreased due to the fact that due to the synchronization of the transaction, the Securities Transaction was a heavy load. This claim has not been confirmed, but many SegWit Coinbase's reception is welcomed regardless, expected for both a fast and cheap servic.
@liton34,
Quick! You can still change "Seguit" to "SegWit"...(the Post's title).
Namaste,
JaiChai
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