Tag Archives: segwit

Bitcoin Transaction Volume Hits Two-Year Low, Despite Rock-Bottom Fees

Bitcoin Transaction Volume Hits Two-Year Low, Despite Rock-Bottom Fees

Bitcoin’s sideways price action has led to the lowest number of confirmed transactions per day since March 2016, according to Blockchain.info. Data shows BTC transactions falling in line with downward trends in price since the all-time highs of December 2017. The number of transactions reached a two-year low on Feb. 26 with only 180,000 confirmed transactions, while Sunday, March 4 saw […]

Bitcoin Challenges $11,200 Before $12k Resistance Halts Progress

Bitcoin Challenges $11,200 Before $12k Resistance Halts Progress

Bitcoin prices reached weekly highs of $11,189 Monday, Feb. 19 as the largest cryptocurrency met resistance around $12,000. Data from major exchanges tracked by Coinmarketcap showed BTC/USD suddenly retaking $11,000 before momentum reversed at just under $11,200. The latest peak is around $700 lower than Bitcoin’s 2018 high of $11,901, achieved Feb. 21 before a widely forecast capitulation took […]

Crypto Market In The Red Despite Bitcoin Transaction Fees Dropping, Dominance Rising

Crypto Market In The Red Despite Bitcoin Transaction Fees Dropping, Dominance Rising

While Bitcoin (BTC) dominance is up and Bitcoin transaction fees are down, the crypto market is seeing an overall downturn by press time, Wednesday, Feb. 21, with all of the top 30 coins on CoinMarketCap in the red. Bitcoin dominance, or BTC’s market cap as a share of the total market cap for all cryptocurrencies, is at a monthly […]

SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

Today, Coinbase — cryptocurrency exchange, brokerage, wallet, and operator of GDAX — and Hong Kong-based exchange Bitfinex have announced the implementation of P2SH Segregated Witness (SegWit). As per the companies’ tweets, users will experience improved transaction processing times and lower fees across the Bitcoin network. Coinbase ✔@coinbase Our engineering team has finished testing of SegWit […]

Can Default SegWit Support Make Bitcoin Price Rise Even Higher?

Can Default SegWit Support Make Bitcoin Price Rise Even Higher?

Bitcoin is undergoing some big changes as we speak. In the latest client update, SegWit becomes enabled by default. It is a big step forward to improving the scalability of this cryptocurrency ecosystem. Boosting SegWit Adoption Quite some time ago, the Bitcoin network was slated to receive a scaling update. Known as Segregated Witness, the solution […]

Bitcoin Price Could Exceed $100,000 by 2021: Harvard Academic

Bitcoin Price Could Exceed $100,000 by 2021: Harvard Academic

Bitcoin could pass $100,000 by February 2021; a Harvard academic has said announcing Bitcoin is the first digital currency to follow Moore’s Law. In emailed comments to Business Insider, investor Dennis Porto said that after analyzing Bitcoin’s performance, it was the “first” currency to follow the digital technology rule. “Moore’s law specifically applied to the number […]

SegWit’s Lock-In: What Today’s Milestone Means for Bitcoin

SegWit’s Lock-In: What Today’s Milestone Means for Bitcoin

Barring unlikely interruptions, the scaling proposal called Segregated Witness (SegWit) is expected to lock in on the bitcoin network today. Should enough miners continue signaling support, SegWit is projected to meet the necessary threshold later this afternoon (around block 479,708). And while it’s theoretically possible miners could change their minds, it’s unlikely they will – in short, miners have […]