Blockchain.com is one of the largest bitcoin walletproviders in the industry. At the same time, it is also the world’s biggest party, the SegWit is still not made. The following piece of code makes sure that the sending of the transactions is less expensive due to the method of authentication to adapt to it.
Contents
Bitcoin transactions SegWit
The fact that the blockchain.com it doesn’t make it, they will be charged to your account. The CEO, Peter Smith gave earlier in this update to support it. However, the amendment has still not been implemented.
This leads to furrowed brows in the cryptocommunity. Because of this, paying customers to it is to place trades.
SegWit is an acronym for Segregated Witness. Literally translated, it means ‘to be separated, to witness and to cover the load properly.
The SegWit transactions in a different manner in the block to be placed. You can do that in the standard blocks of 1 mb of size, but also in a larger block size to 4MB. Cheaper payments are now possible.
Read more about the SegWit to our 101 page
One of the moderators of the Reddit community, r/Bitcoin is a tweet about his experiences. Bash and Co show is that there’s been at least 2017, but less than 31 million wallets have been created.
And, no, this wallet is one of the SegWit support. He also tells you that the Blockchain.com it is responsible for 25% of all the BTC transactions, so it will all be too expensive. Well, at least if you compare it to the SegWit version.
Since Segwit it was activated on Jan 1st 2017, Blockchain(.)the info claims to have created 31 million new wallets.
That’s 31 million wallets that don’t support Segwit!
BC.i claims to account for 25% of #Bitcoin transactions, all of which are overpaying on $BTC (tx fees). @NicSherrod pic.twitter.com/ZmJhMdloM1
— BashCo (@BashCo_) August 26, 2019
In addition Blockchain.com also, two of the other major parties are not part of the SegWit: Binance, and BitPay.
The chief executive officer of the cryptobeurs, Changpeng ‘CZ’ Zhao, had at one I do know is that the end user of this functionality, but that at the moment it is not a priority.
Since the beginning of February of last year, the SegWit in the Bitcoin-core wallet support. Since then, there has come increasing pressure on the providers who are left behind.
The adoption SegWit stagnant
Because some of the big players are not involved, down to the adoption of the SegWit. In June 2018, with bliijft BTC behind it, and it has even been overtaken by Litecoin.
But when Blockchain.com, BitPay, and Binance, the update is going to make it, then the percentage is rising. Around the same time that Coinbase, the technology was to embrace (at the beginning of February 2018), the adoption of the SegWit in no time at all, from 14% to 30%.
New Podcast episode: Bitcoin maximalisten of the tokens in Ethereum, a new Satsohi, and more
To have a say about anything that has to do with bitcoin, altcoins, and the market that surrounds it? Come and visit us on Facebook, Twitter, or by Telegram.
Thank you for signing up