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On The Blockchain

Dedicated to Bitcoin, Altcoins, and other areas that do or should use blockchain technology

Coinbase Says SegWit Coming “In Next Few Weeks”

February 6, 2018 By Derek Andonian Last Edited: June 21, 2018

  Coinbase announced in a tweet that they are now in the final stages of testing for SegWit, and said that transactions compatible with the upgrade will be available for customers “in the next few weeks”.  Coinbase had said in a blog post last month that they were planning to implement SegWit in 2018- but […]

Filed Under: News Tagged With: Bitcoin, SegWit

Leftover SegWit2x Nodes Lock Up Just Before Forking Block

November 17, 2017 By Derek Andonian Last Edited: June 21, 2018

Even though the SegWit 2X hard fork was called off, that apparently hasn’t stopped a few die-hard supporters from keeping their nodes running.  Only problem is, they all locked up just before the fork was supposed to execute, and became stuck on block number 494,782.  About 95 bitcoin nodes appeared to be impacted, thanks to an […]

Filed Under: News Tagged With: Bitcoin, SegWit

Coinbase Clarifies Position on SegWit2X Fork; Will Refer To New Coin as Bitcoin 2X

October 23, 2017 By Derek Andonian Last Edited: June 21, 2018

Today Coinbase released a blog post detailing their positions on both the Bitcoin Gold fork that happened today, as well as the upcoming SegWit 2X fork. This has been a very contentious Bitcoin fork event, because many of the parties involved have referred to it as an upgrade to the current Bitcoin blockchain, rather than […]

Filed Under: News Tagged With: Bitcoin, SegWit

After Passing $4000, Bitcoin Shows Few Signs of Slowing down

August 14, 2017 By Derek Andonian Last Edited: June 21, 2018

After passing $4000 over the weekend, the price of a single Bitcoin has continued to climb upward the past couple days.  After passing $4100 it pulled back a bit, but today it moved upward again to pass $4200 then $4300, and peaked earlier around $4430. The recent lock-in of SegWit, which should be fully activated […]

Filed Under: News Tagged With: Bitcoin, Markets, SegWit

SegWit is Now Locked in on Bitcoin

August 8, 2017 By Derek Andonian Last Edited: June 14, 2018

After a long, uncertain wait filled with heated disagreements and debate, Segregated Witness is now officially locked in on the Bitcoin network. After the activation of BIP 91,  all mining pools began signaling support for SegWit- and as of today it had enough support for enough time to fully activate.  SegWit isn’t fully activated just […]

Filed Under: News Tagged With: Bitcoin, Blockchain, SegWit

BIP 91 Locks In, Paving The Way For SegWit On Bitcoin

July 20, 2017 By Derek Andonian Last Edited: June 14, 2018

As of today, Bitcoin Improvement Proposal 91 has sustained the necessary 80% miner support for enough time to officially lock in.  With that done, the path to full activation of SegWit has now begun. BIP 91 has been activated as part of a wider and controversial effort to increase the blockchain’s transaction volume called SegWit2x. […]

Filed Under: News Tagged With: Bitcoin, Blockchain, SegWit

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