CoinBase Makes SegWit Update!
As we all remember, at the end of 2017, Bitcoin network transfers became impossible due to transaction intensity, and over 250,000 Bitcoin transactions were suspended. Thereupon, pressure started on CoinBase and other exchanges to implement SegWit integration, and CoinBase announced that it would perform the SegWit update at the end of 2017.
CoinBase announced that it has started working on the SegWit update with a new update from its official twitter account;
Our engineering team has begun the final testing phase of SegWit for Bitcoin on Coinbase.
SegWit compatible Bitcoin sends/receives will be available for customers in the next few weeks.
We previously wrote about SegWit on our blog: https://t.co /3YPQPkYy4C
— Coinbase (@coinbase) February 5, 2018
“Our engineering team is finally in the final phase of the Segwit for Bitcoin update has reached. SegWit-compatible Bitcoin transfers will be able to be made through the CoinBase platform in the next few weeks.”
As you know, the Bitcoin developer team carried out the SegWit “soft fork”, but all exchanges should focus on the same development in order to adapt it to the system. was made necessary. Thanks to this development, CoinBase is expected to make Bitcoin transfers faster and cheaper in the near future.
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