|Exchange||Segwit Status||Batching Status|
|SegWit Enabled Wallets||Wallet Type|
|Ledger Nano S||Hardware|
No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unnecessary transactions for now.
SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority.
Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time.
Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first.
The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download the latest version of Electrum to generate a SegWit address.
A transaction between two SegWit addresses is a SegWit transaction.
A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.
A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address.
Using Electrum, the "Tools" menu option: "Pay to many".
Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.
The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in
Draw your own conclusions based on their own words:
March 2016 - Coinbase CEO Brian Armstrong has reservations about Core
Dec 2017 - Coinbase is STILL working on Segwit
It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to exist wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would.
Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses.
P2SH starts with "3..."
bech32 starts with "bc1..."
P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backward compatibility
bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum
The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32.
Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions (Understanding Segregated Witness). Since that time wallets and exchanges have been slow to deploy SegWit, and the majority of users have not made the switch themselves.
On Dec 18 2017 Subhan Nadeem has pointed out that: If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.
Mass SegWit use alone could empty the mempool, result in blocks that are not completely full, and make it possible to include transactions with $0 fee once again.
On Jan 11 2018 when BTC sends went offline at Coinbase the mempool began to rapidly empty. Later in the day when service was restored there was a sharp spike up in the mempool. Subsequently, that afternoon Brian Armstrong finally had to break his silence on the topic and admitted Coinbase is working on SegWit but has still not deployed it. It appears that the high fees bitcoin is experiencing could be easily addressed and need not exist.
SegWit is just one technique available to exchanges and users to reduce pressure on the Bitcoin network. You can make the switch to SegWit on your next transaction, and pressure exchanges to deploy SegWit NOW along with other actions that will reduce their transaction impact on the network. You can help by taking one or more of the action steps below.
IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange.
- If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. If your wallet is not committed to implementing SegWit fast, speak out online any way you can and turn up the pressure. In the meantime start using a wallet that has already implemented SegWit.
- If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail
- Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin.
- Spread the word! Contact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch. Use social media to point out the benefits of SegWit adoption.
BEYOND SEGWIT - BATCHING, PAYMENT CHANNELS, LIGHTNING
Batching is another great way that exchanges can reduce their fees. See: Saving up to 80% on Bitcoin transaction fees by batching payments. Despite the benefits of batching, some exchanges have been slow to implement it. Users should demand this or walk.
Beyond SegWit & Batching, Lightning Network integration will have even more effect. Lightning is now active and exchanges could setup payment channels between each other so that on-chain transactions need not take place. Some ideas have to outline how that might work are here: Google Doc - Lightning Exchanges. Which two bitcoin exchanges will be the first to establish a lightning channel between themselves and offer free/instant transfers between them for their customers? This will happen in 2018
- BitInfoCharts.com - Average Transaction Fees - $29USD per Tx
- Blockchain.info - Unconfirmed Transactions - 154K unconfirmed Tx's
- SegWit Charts - 10% SegWit Tx's
- Merged pull requests on SegWit. GUI support for SegWit in Core Wallet should happen May 1 with the release of 0.16.0
- Petition to Coinbase to Prioritize SegWit implementation on the Coinbase Bitcoin Wallet & GDAX Exchange passes 10,000
- SegWit now active at Unocoin (India)
SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS
Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates
Exchange Segwit Status Batching Status Binance NOT READY Yes Bitfinex Ready Yes Bitonic Ready Yes Bitstamp Deployed Yes Bittrex ? Yes Coinbase/GDAX NOT READY No Gemini Ready No HitBTC Deployed Yes Huboi ? ? Kraken Deployed Yes LocalBitcoins Deployed Yes OKEx ? ? Poloniex ? Yes QuadrigaCX Deployed Yes Shapeshift Deployed No
Source 1: BitcoinCore.org
Source 2: /Bitcoin
Official statements from exchanges:
- Bitonic: SegWit: In testing (including send from bech32). Batching: Have been for years.
- Coinbase: working on batching transactions, SegWit, and a number of other strategies to improve transaction backlog. Thx for bearing with us!
- Kraken: Deposits are made to Segwit addresses and withdrawals are sent in Segwit format, but frontend presentation is pending full implementation/support in wallets such as bitcoin core.
- Shapeshift: We don't order batch, but we will get to it. So much engineering to do :/
SELECTED WALLETS THAT HAVE SEGWIT ALREADY
Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction
SegWit Enabled Wallets Wallet Type Ledger Nano S Hardware Trezor Hardware Electrum Desktop Armory Desktop Edge iOS GreenAddress iOS BitWallet iOS Samourai Android GreenBits Android Electrum Android SegWitAddress.org Paper FAQs
If I'm a HODLer, will it help to send my BTC to a SegWit address now?No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unnecessary transactions for now.
Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else?SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority.
Once Segwit is FULLY adopted, what do we see the fees/transaction times going to?Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time.
What determines bitcoin transaction fees, to begin with?Fees are charged per byte of data and are bid up by users. Miners will typically include t...
Unocoin’s top features include low transaction fees, live price tracker widget, a consolidated wallet for all crypto holdings, automated bitcoin buying with fixed amount and frequency, free ... Bitcoin futures topped at $99,964 on Binance over the weekend. ... Live Bitcoin Price & Latest BTC Charts. Today's Latest Crypto News . Flash Crash Caused Serious Network Congestion for ETH, ETC, And ERC 20 Tokens on Coinbase. Ethereum (ETH) Lujan Odera-August 3, 2020 0. On August 1, the Ethereum's blockchain faced a spike in network transaction fees, causing a backlog in transfers across ... Unocoin.com “India’s most popular Bitcoin Company” -How popular are they and how good is their service?. A quick search on Google and I read about “ Poor infrastructure, located in a crowded location. The office does not look like a corporate. It is somewhat like small booking agency for a bus ticket.” -Binod Thakur, a customer that posted in Google reviews. Benutze den Investing.com Währungsrechner um die Konversion von BNB zu BTC Binance zu berechnen. Der Preis ist an den Echtzeitkurs gebunden. Die Diagramme oben links zeigen dir den aktuellen Binance Coin (BNB) Kurs in Euro, USD und GBP. Darunter die Menge der derzeit im Umlauf befindlichen Coins, das in 24 Stunden gehandelte Volumen, die aktuelle Marktkapitalisierung und die prozentuale Veränderung zum Vortag. Dazu eine Kurzbeschreibung über Binance Coin. Oben rechts den Candlestick-Chart, worin du beliebige Zeiträume abrufen ... Binance Coin is up 5.45% in the last 24 hours. The current CoinMarketCap ranking is #7, with a market cap of $4,178,467,593 USD. It has a circulating supply of 144,406,561 BNB coins and a max. supply of 176,406,561 BNB coins. The top exchanges for trading in Binance Coin are currently GokuMarket, Binance, Binance.KR, BitZ, and HBTC. Get Unobtanium (UNO) price, charts, volume, market cap, exchange list and more. ... Binance Flexible Savings is your Crypto savings account. Subscribe your crypto to earn interest, with the flexibility to redeem your funds at any time. Terms & restrictions apply. Sponsored. Website. unobtanium.uno. Explorers. chainz.cryptoid.info. Community. Reddit Twitter Telegram discord.gg bitcointalk.org ... Charts; Market Pairs. Social; Tools; Historical Data; Ratings; On-Chain Analysis; News; About Bitcoin Cash . Bitcoin Cash price today is $263.28 USD with a 24-hour trading volume of $2,325,882,217 USD. Bitcoin Cash is up 5.50% in the last 24 hours. The current CoinMarketCap ranking is #5, with a market cap of $4,887,863,728 USD. It has a circulating supply of 18,565,163 BCH coins and a max ... Bitcoin, Litecoin, Namecoin, Dogecoin, Peercoin, Quarkcoin, Worldcoin, Feathercoin - marktpreis, belohnung, schwierigkeit, hashrate, marktkapitalisierung ... Get BitcoinZ (BTCZ) price, charts, volume, market cap, exchange list and more. Get BitcoinZ (BTCZ) price, charts, volume, market cap, exchange list and more. 🎉 Our October 2020 Monthly Cryptocurrency Report is here🎉 The rise of Bitcoin, total crypto market cap yearly-high & much more! EN . Language. English Deutsch Español Français Italiano język polski Limba română Magyar nyelv ...
[index]          
Subscribe Like and Share if this was helpful Follow me on IG I Follow back g @chicago_cryptocoins Follow me on Twitter I follow back tweet and retweet @ChicagoCrypto4 Follow me on Facebook https ... On-chain analyst Willy Woo published a new Bitcoin price model showing a new BTC bull run could begin in 30 days. One fundamental metric just reached levels not seen since just before the intense ... AMAZING trading system with two alt coins https://youtu.be/P7XDpbhng2w Part One of Trading Series https://youtu.be/M8iKAxdAEQ0 BITCOIN (BTC) wallet 371sY35Jk... Bitcoin (BTC) Update! Blick auf die Charts und die News des Tages! 💰 $90 Bonus bei ByBit sichern: https://www.bybit.com/app/register?affiliate_id=1873&langua... www.checksatoshi.com - A overview of all futures coins on binance in 1 screen, multichart trading This video is superseded by https://www.youtube.com/watch?v=_iHRINTvMjc in which you can download "MT5 Crypto Charts Manager" and the whole process is automa... Bitcoin Ethereum Litecoin Ripple Binance Technical Analysis Chart 6/30/2019 by ChartGuys.com ... Find more information on commodities and Bitcoin Ethereum Litecoin Technical technical analysis ... Depth Chart Binance Explained for Crypto Trading. How to Read Binance Depth Chart for beginners. GET YOUR FREE STOCK in Robinhood http://share.robinhood.com/... chart analysis of bitcoin in binance part 3 Candlestick charts: The ULTIMATE beginners guide to reading a candlestick chart ... How to Deposit Bitcoin To Binance Sinhala - Duration: 14:01. Bitcoin Sinhala 2,027 views. 14:01. Language ...