Average BTC Block Size Hit 2 Year Minimum

Now average Bitcoin block is just 515 kilobytes big
20 March 2018   883

515 KB  is the average block size in the network of bitcoin in recent days. As Armin van Bitcoin at Twitter noteed, this is due to general technical improvements in the protocol.

For example, Armin van Bitcoin is convinced that such numbers became possible due to batching of transactions in the work of a number of large bitcoins, growing acceptance of the SegWit protocol, as well as increasingly frequent off-line transactions (for example, in the Lightning Network) .

Armin van Bitcoin at Twitter
Armin van Bitcoin at Twitter

Activated in the network bitcoin in August 2017 protocol SegWit makes it possible to increase the block to 4 MB, thus refuting the allegations of the apologists for various forks of the first crypto currency that only their implementation can solve the problem of scaling.

Kraken to Add Bech32 Support for BTC and QTUM

Bech32 format corresponds to addresses that support sending transactions using SegWit scaling technology
08 November 2018   181

The popular American cryptocurrency exchange Kraken announced the long-awaited integration of Bech32 addresses for Bitcoin and QTUM.

To date, Bech32 addresses have been integrated only for withdrawal operations. Bech32 addresses start with “bc1” and “qc1” for bitcoin and QTUM, respectively. Support for Bech32 addresses for depositing operations will be implemented soon, the company promises.

The Bech32 format corresponds to addresses that support sending transactions using SegWit scaling technology, activated in the Bitcoin blockchain about a year ago. According to the transactionfee.info portal, by now the share of SegWit transactions in the Bitcoin blockchain has again dropped to 42%, after being briefly close to 50%.

Earlier, the Kraken exchange stated that it supported the launch of SegWit in the bitcoin blockchain and uses the Bech32 format to make transfers in its internal systems, but refused to provide customers with access to such addresses until the technology is integrated into large wallets such as Bitcoin Core. Release of Bitcoin Core 0.16.0 with support for SegWit was held in February of this year.

Get more info on Bech32 at GitHub.