SegWit – DIGIT INFO

Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters

DIGIT — Thu, 02 Feb 2023 19:00:05 +0000

Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring an image of a wizard, and the […]

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Bitcoin transaction fees briefly doubled yet remain exceptionally low

DIGIT — Wed, 09 Mar 2022 10:36:52 +0000

The cost of sending Bitcoin from one address to another has stayed exceptionally low since July 2021 despite spiking in price last week.

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Bitcoin SegWit adoption lags among major exchanges: Glassnode

DIGIT — Fri, 04 Feb 2022 14:20:00 +0000

A Glassnode report reveals that cryptocurrency exchanges some major exchanges are still holding despite being heavy consumers of Bitcoin block space.

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Moonshot to $90K — After Bitcoin Upgrade Taproot Activates, Crypto Advocates Expect the Price to Rally

DIGIT — Fri, 12 Nov 2021 23:30:04 +0000

In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered one of the largest changes the protocol has seen […]

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‘Ossification Is Stupid:’ Bitcoin Development Controversy Strikes ‘Speedy Trial’ Taproot Activation

DIGIT — Sat, 17 Apr 2021 03:30:57 +0000

The well known software developer Luke Dashjr is in the midst of controversy over how to upgrade the Bitcoin network in order to add the Taproot protocol. Bitcoin Core developers want to upgrade with “Speedy trial,” which will allow miners to push the feature through. However, Luke Dashjr wants to upgrade in a different manner, […]

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88% of all BTC transfers are overpaying transaction fees

DIGIT — Thu, 11 Feb 2021 02:07:18 +0000

Three and a half years after the activation of SegWit, adoption of the space-saving transaction format is still far from ideal.

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Binance enables SegWit support for Bitcoin deposits as adoption grows

DIGIT — Fri, 25 Dec 2020 21:53:00 +0000

Traders on Binance can now deposit and withdraw to SegWit (bech32) addresses.

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Six Months Later, Bitcoin Community Finally Debates How to Activate Taproot

DIGIT — Wed, 15 Jul 2020 18:49:47 +0000

The Taproot conversation is continuing with the Bitcoin community having to decide how to begin the months-long activation process.

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AsicBoost Dominates Bitcoin Mining, Solving Bitmain’s 2017 Controversy

DIGIT — Thu, 12 Mar 2020 19:25:00 +0000

The 2017 AsicBoost controversy has now become irrelevant as it gains adoption

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How Is Bitcoin Cash Different From Bitcoin Core?

DIGIT — Mon, 20 Jan 2020 22:30:18 +0000

The crypto space can be hard to break into for those unfamiliar with the jargon, lingo, and foundational knowledge taken for granted by the already initiated. Adding to this difficulty is the fact that there are several different cryptos which bear the name “Bitcoin.” Convoluted as this all may seem, the differences are pretty easy […]

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