The Segregated Witness protocol will be integrated into the Coinbase cryptocurrency exchange system in the “coming weeks.”
Judging by the exchange's Twitter post, the Coinbase development team is in the final stages of testing the Segwit protocol. This means that platform clients will be able to conduct transactions with Bitcoin using this protocol in the very near future.
Before this, Coinbase representatives stated that the key task for the platform was ensuring security, and not introducing new functions. Well, apparently, now they think differently.
Recall that Coinbase announced that it was starting to implement the Segwit protocol back in November, at the same time it became known that the platform’s staff was expanding due to a large influx of new users.
The implementation of the protocol will allow Coinbase to reduce the size of transaction fees. This will play into the hands of the exchange, since MasterCard and Visa recently began charging an additional commission of 5%.
Subscribe to our news in Telegram
You May Also Like
Cryptocurrency exchange OKEx launches perpetual swaps
Malta-based cryptocurrency exchange OKEx has launched a new derivative product, Perpetual Swap, a peer-to-peer, virtual derivative that allows traders to bet on digital assets such as Bitcoin.
Shanghai police detained the founder of the OKex exchange
The founder of the world's second largest crypto exchange was arrested by the Shanghai police - such headlines appeared yesterday on social networks and local media. In fact, the CEO and founder of the OKCoin and OKEx cryptocurrency exchanges, Star Xu, was spotted at the local Shanghai police station. On the evening of the next day, Star Xu left the police station, which means that he was not charged within 24 hours, according to the law.
