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Binance maakt SegWit-ondersteuning voor Bitcoin-stortingen mogelijk naarmate de acceptatie groeit

Binance, one of the world’s largest cryptocurrency exchange by volume, has incorporated Segregated Witness, or SegWit, support for Bitcoin (BTC) deposits.

The SegWit support was extended to deposits on Christmas Eve, Binance said in an official statement. The protocol upgrade was initially enabled only for withdrawals.

Effective immediately, Binance users can transfer funds to a SegWit (bech32) address by selecting the BTC (gevolgd) netwerk. Binance uitgelegd:

“Please note SegWit should help reduce fees; echter, if you incorrectly send incompatible assets to the address, your funds will not be recoverable and will result in permanent loss.”

Implemented in 2017, SegWit is a Bitcoin protocol upgrade designed to help scale the network and fix associated bugs. SegWit is known for the way it updates data on the blockchain, namelijk, by segregating signatures from transaction data. This protocol upgrade allows more transactions to be stored in a single block, thus increasing transaction capacity.

Data from transactionfee.info tonen that roughly two-thirds of Bitcoin payments currently use SegWit. Hoewel Bitcoin has emerged as a monetary instrument for storing value, it continues to face scalability limitations, which some argue has impeded adoption for everyday use.

De Lightning Network has been offered as a viable layer 2 scaling solution for Bitcoin as a payment protocol. Unlike SegWit, which was a soft fork update to the Bitcoin protocol, the Lightning Network is an additional layer that could enable instant, lower-cost transactions.

Despite limited transaction capacity, Bitcoin remains the de facto leader of the digital currency market. Haar dominance over other crypto assets recently hit one-year highs. Op het moment van schrijven, Bitcoin’s dominance rate was 68.7%, volgens CoinMarketCap.

Artikel door Cointelegraph

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