SegWit

The total number of transactions on Thursday, February 8, is as high as the transactions of Friday, January 18, but the fees did not reduce in any way, Reddit reports.

Over half of all bitcoin transactions are performed today via an advanced-technology network called Segregated Witness (Segwit). Recent research reports on the steady growth in the use of this fintech platform with the purpose of accelerating the sending process.

Australian-based blockchain ecosystem built for enterprises LuxCore has announced a slew of significant updates for its unique platform, providing even more sophistication for what is already the world’s most efficient GPU blockchain, which hosts the open-source public digital asset LuxCoin.

Fintech startup Luxcore is primarily focused on becoming a leading cryptocurrency, within the blockchain ecosystem. Using its open source public blockchain asset, LuxCoin’s implementation of smart contracts and SegWit is aimed at enhancing the blockchain’s usability and transaction speeds.

The week appeared to be quite unexpected for the Bitcoin community, namely because of the cancellation of the SegWit fork. Despite the controversial attitude toward it within the community and the obvious lack of support, no one could anticipate that it would be cancelled at the last moment.

SegWit fork has been cancelled. How will it influence BTC price?

The price of Bitcoin has recovered due to the fact that the Support for SegWit fork has declined

Bitcoin did it again. On Saturday, August,5, Bitcoin’s price refreshed the historic high surging to $3,300 from around $2,800 that it had been at a day before. Bitcoin managed to add almost 18% in value, and may definitely keep on going.

By Sunday, July 23, more than 95% of miners had voted for Segregated Witness, defined in BIP 141, activation.