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BAT Ethereum Token Continues Its Surge Recording A 5 Increase This Week

Stefan by Stefan
08/02/2018
in Blockchain News
Reading Time: 1 min read
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Coinbase recently posted a record on their Twitter profile which said that the company is working towards the final testing of SegWit for Bitcoin on the platform. As they said in the post, “Our team of engineers began the final stage of testing SegWit for Bitcoin on Coinbase. Customers will have access to SegWit Bitcoin transactions in the next few weeks.”

 

https://www.twitter.com/coinbase/status/960656993122844673

 

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If you are new to SegWit (Segregated Witness), it is basically the process by which the block size limit on a blockchain is increased by removing certain signature data from Bitcoin transactions. In other words, it is the process of removing parts of transactions which frees up space for more transactions on the chain.

 

Recently, Coinbase was criticized by many users because their SegWit was not the top priority – all while customers waited for the next improvement in the speed of processing transactions. However, Coinbase has initiated the final testing – and we can’t wait to see what the improved SegWit will look like.

 

The criticism comes after a lot of backend technical problems, network health, scandals and other external factors affected the platform. To make matters worse, an announcement from Visa and MasterCard also came and increased the fee in all transactions linked to buying cryptocurrencies.

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At the time, Coinbase tried to focus the blame on the payment giants – but the announcements on social media saw many customers leave the exchange.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: CoinbaseCoinbase segwitinvestpaid
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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