Taproot is the biggest upgrade Bitcoin (BTC) has seen since SegWit (Segregated Witness), providing the cryptocurrency with a range of new features that make it more private and more versatile. These include support for complex transactions involving multiple signatures, as well as the ability to make Lightning channels look like normal Bitcoin transactions…. Read…
Read more
The cost of sending Bitcoin from one address to another has stayed exceptionally low since July 2021 despite spiking in price last week. Got some Satoshi to send or Bitcoin (BTC) wallets to reorganize? It’s increasingly cheap to do so. According to an Arcane Research report, Bitcoin “transaction fees have stayed low since July 2021,…
Read more
In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered one of the largest changes the protocol has seen…
Read more
Three and a half years after the activation of SegWit, adoption of the space-saving transaction format is still far from ideal. According to analysis by Mark “Murch” Erhardt of Chaincode Labs, 88% of all Bitcoin transaction inputs pay higher fees than are necessary. Erhardt bases his conclusion on data showing just 12% of transaction inputs…
Read more
Data suggests that up to two-thirds of all Bitcoin transactions now use SegWit, as more exchanges begin supporting the protocol. More Bitcoin (BTC) transactions now use so-called Segregated Witness (“SegWit”) technology than ever before, the latest data shows. According to various resources including SegWit.Space, adoption of the protocol has reached up to 66% of all…
Read more
Cryptocurrency exchange BitMEX added support for native SegWit addresses for Bitcoin withdrawals, which lets users pay lower transaction fees. Cryptocurrency exchange BitMEX added support for native segregated witness (SegWit) addresses for Bitcoin (BTC) withdrawals, which lets users pay lower transaction fees. According to an announcement on Dec. 12, BitMEX now allows its users to withdraw…
Read more
Bitfinex adds Bitcoin bech32 address deposits and withdrawals as its the exchange’s CTO hints at integrating Lightning Network in the near future. Major global crypto exchange Bitfinex now supports Bitcoin (BTC) bech32 addresses generation and deposits to bech32 addresses. Following the launch of Bitcoin withdrawals on bech32 addresses on Oct. 29, Bitfinex officially announced on…
Read more
Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters
Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring an image of a wizard, and the…
Read more