Tag Archives: SegWit

What Caused the Sudden Drop in SegWit Blocks on Bitcoin?

Advertisement Twitter Facebook LinkedIn Blockchain detectives and Lightning Proponents may have noticed a severe drop in SegWit blocks near the end of last month. SegWit-spending transactions had reached a high of nearly 50% of all transactions, according to this tracker, but around about October 20th the rate began to drop off, hitting a low of nearly 40%. Users… Read More »

A Brief History of Bitcoin: 10 Years of Highs and Lows

October 31 marks the ten year anniversary of the release of the Bitcoin whitepaper, which was authored by Satoshi Nakamoto, and whose identity still remains a mystery. In this relatively short period of time, Bitcoin has challenged the way modern society looks at global finance and banking, and has been the catalyst for the birth of over a… Read More »

Why Did Bitmain’s Antpool ‘Stop Mining’ SegWit Blocks?

Antpool, the Bitcoin mining pool owned by hardware manufacturer Bitmain, has stopped mining Segregated Witness (‘SegWit’) blocks. A Question Of ‘Charity’? In a move which has sparked suspicion among cryptocurrency figures, data from the past seven days of block mining shows Bitmain mining blocks of under 1 megabyte – smaller than SegWit blocks mined by other pools. “AntPool… Read More »

Bitcoin Whitepaper – 10 Years Since Satoshi’s Vision Was Brought to Life

The evolution of key industries have been historically driven by groundbreaking technological innovations that leave an indelible mark on society. The printing press led to the scientific revolution, the discovery of electricity brought light to the world, radio waves changed the way information was delivered to the masses, and the internet completely overhauled the way we communicate and… Read More »

Bitcoin UASF Showed Users Are In Control via ‘Market Forces,’ Says HashCash Inventor

More than a year later after Bitcoin UASF, Blockstream CEO and inventor of Bitcoin’s proof-of-work technology, Adam Back, recalled the event as ‘an emphatic’ victory’ for users. Who Was in Charge of UASF? Remember UASF? The movement to get users to run full-nodes and support SegWit? Yes, the one with the cool-looking hats. Developer Peter Todd wearing a UASF… Read More »

Bitcoin Congestion Reaches 95%; Fees Remain Relatively Low

Bitcoin blocks experienced up to 95 percent congestion this month, but it didn’t impact its transaction fees, which remain at around $0.1 Cryptocurrency analyst Willy Woo published a graph to demonstrate a stark comparison between BTC transaction fees in two separate congestion episodes. The first case was from 2017, the year that witnessed Bitcoin congestion topping up to… Read More »

Square’s Debut of Payment Terminal Triggers Fresh Bitcoin Acceptance Rumors

Consumer and merchant payment network Square Inc. unveiled a point-of-sale (PoS) terminal October 19 in a move which sparked excitement about possible Bitcoin integration. Bitcoin PoS Next For Square? Unveiled on social media and in an interview with tech outlet Nerdist, Square’s device is designed as a standalone solution for merchants wishing to accept card payments. The move comes… Read More »

Blockstream Co-Founder: Scaling Bitcoin (BTC) Doesn’t Require A Hard Fork

Sharding Could Be The Answer To Bitcoin (BTC) Scaling Even in spite of the dismal market conditions, developers and industry leaders continue to push for the maturation of blockchain technologies, which will subsequently spark the growth of the industry backing crypto assets and this up and coming innovation. One of these industry leaders is Mark Friedenbach, a Bitcoin… Read More »

Bitcoin SegWit Transactions Hit 50% for the First Time

After a steady growth for the past year, SegWit now comprises half of the total Bitcoin transactions. Just recently, Coinbase, crypto hardware wallet KeepKey, and another crypto wallet BRD enabled support for SegWit protocol. SegWit now comprises half of the total Bitcoin transactions According to the data from Transactionfee.info, SegWit has crossed 50 percent mark for the first… Read More »

SegWit Now Comprises 50 Percent Of Bitcoin Transactions

The proportion of Bitcoin payments sent using Segregated Witness (SegWit) experienced a sudden spike on October 4, rising to over 50 percent for the first time. Corning The Network Data from Transactionfee.info uploaded to social media shows SegWit transactions jumping from around 45 percent to 53 percent. SegWit, a protocol which facilitates faster and cheaper Bitcoin transactions for end… Read More »