Gemini Exchange has added full support for the Segregated Witness

Belonging to the Winklevossam brothers, Gemini Bitcoin Exchange confirmed the full support of the Segregated Witness (SegWit) protocol, including the bech32 native addresses and transaction batching.

As stated in the company's blog, in this way the New York Stock Exchange became the first major cryptocurrency platform that can boast of such a function.

Very proud of our team! @Gemini becomes full of support for the SegWit, complete with a native list of accounts by @ bajohns https://t.co/Xbbn6uVqqB

– Tyler Winklevoss (@tylerwinklevoss) April 15, 2019

Recall, netizens paid attention to the fact that Gemini is working in this direction at the end of March, but it was officially announced just now.

Support for the SegWit protocol , which provides lower transaction commissions and an increase in the block limit on the Bitcoin network, has become part of Gemini’s overall strategy for updating the services offered.

As part of this process, the exchange last year also updated the infrastructure and added support for Zcash, Litecoin and Bitcoin Cash. Following this, representatives of Gemini say, it was the turn to pay closer attention to the first cryptocurrency. The result of this work is the now officially announced full support for SegWit.

The format of the native SegWit addresses bech32 (start with the characters bc1), was proposed by Bitcoin Core developer Peter Velle.

According to transactionfee.info , the share of SegWit payments today is 41.64%.

At the end of 2018, support for bech32 addresses was added by the Kraken exchange and the Binance wallet Trust Wallet .

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.