Bitfinex Adopts SegWit – The Bitfinex Blog

Bitfinex Adopts SegWit – The Bitfinex Blog

Today Bitfinex is delighted to announce support for bitcoin deposit and withdrawals using P2SH Segregated Witness (SegWit) addresses. SegWit is a Bitcoin protocol improvement that facilitates scaling. The implementation means Bitfinex users can benefit from lower BTC withdrawal fees (approximately 15%) and improved processing times on transactions across the Bitcoin network.

SegWit is the process of enhancing block size boundaries by separating signature gegevens from transactional gegevens ter bitcoin transactions. Ter addition to enlargening capacity, SegWit will also effectively fix transaction malleability, a potential attack based around the modification of transaction IDs prior to network confirmation. SegWit also lays the foundation for future Bitcoin development efforts, including the implementation of Lightning Network, which will permit the network to process millions of transactions vanaf 2nd.

Spil a premier exchange, Bitfinex is committed to improving its market-leading suggesting for our loyal and discerning customers. SegWit provides not only an instantaneous benefit for users, but also a foundation for future Bitcoin development. By supporting this, Bitfinex is tackling three of the fattest crypto-enthusiast concerns: transaction fees, transaction speed, and total network capacity. Wij are delighted that through this implementation wij can provide our customers with bitcoin withdrawal fees that are up to 20 procent lower, spil well spil faster-than-ever transaction speeds.”

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Bitfinex users have bot provided with SegWit-enabled bitcoin wallets which can be used to send and receive BTC. To start, users will need to generate a fresh deposit address from their Bitcoin deposit pagina to receive an enabled address, which will begin with Three.

Please note: Implementation is for Bitcoin only — not Bitcoin Specie. Do not mistakenly send Bitcoin Metselspecie to a Bitcoin deposit address. Bitcoin Contant sent to a SegWit address will be lost. If you are uncertain spil to whether an address is SegWit-enabled, please take care ter confirming your deeds prior to proceeding, or visit the Bitfinex Support Center.

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  1. Did you have money on bitfinex? Were you alarmed or certain? I had a few grand on there, far more than usual… Super glad it turned out ok, but still let this be a reminder to mij and everyone else, storing coins on an exchange is more scary than on a secure private wallet

  2. bitfinex wasgoed offline longer than anyone would of expected. This resulted ter a flood of FUD on twitter ter which John McAfee also took part of. The CEO did send out tweets to peaceful people’s nerves. bitfinex wasgoed very professional during this kwestie.

  3. agatha90 – has bot tested on Bittrex with driver’s license for three days

  4. Whatever it is still the best binary stock market, and They lower their commission rates to apologize when they wait, I think they voorstelling better intentions, but still let this be a reminder for mij and others, keep the coins on the stock more scary than ter a more secure individual wallet.

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