Bitcoin Cash Addresses to be accepted on Trezor

Well-known hardware cold storage wallet company Trezor confirmed the integration of Cashaddr for Bitcoin Cash
02 April 2018   2163

Jason Elliott, Twitter BSH advocate, started tweeting to hardware, cold storage wallet markets as to when their users could suppose Cashaddr implementation,  a bitcoin cash (BCH) ecosystem accepted standard for addresses to help limit disorder. Bach N. of Trezor replied, affirming Cashaddr to be in drafting for Trezor. He also completed his answer with a a Github link, which appeared to prove the tweet.

The Github refers a Trezor MCU started the beginning of this year. The creator of Cashaddr #285 is Jochen Hoenicke. There are also 3 commits, including Satoshi Labs’ repository participant Pavol Rusnak.

This needs to be done outside the firmware for cashaddr support. Webwallet: compute cashaddr addresses from xpub. Note that only the last step from hashed public key to address needs to be changed. The webwallet checks that the address the Trezor returns is as expected. This check should also allow 1.. addresses so that it works with older firmware (so we don’t have to deploy both at the same time); allow cashaddr as send to address. The firmware supports both and both use SPENDADDRESS. The only difference is the confirmation message given to the user; the transaction format did not change at all.

 

Jochen Hoenicke 

Developer, Github

 

Amaury Séchet, the lead developer of bitcoin cash, considers though such changes may be expensive, it is necessary to study different other options then changing only the prefix before settling on something.

Two weeks ago Trezor answered to long time Reddit user about how the company was just outright refusing to add the address change. They explained that the mess had been caused by inconvenient architectural decision of [BCH] team. Despite the team had been  alerted by Trezor about the problem, the programmers decided to ignore the warning.Cashaddr support is in common development process and it’ll be ready when done.

Supplemented with the even more recent confirmation and Github activity, Bitcoin Cash users can stay hopeful about the coin`s future development prospects.

Coinbase to Appear in San Francisco District Court

Exchange representatives must appear in court due to issues related to BCH trading launch in 2017
07 August 2019   146

San Francisco District Court judge Vince Chhabria ruled that the latter showed negligence and “clear incompetence generated by haste” when it started trading in Bitcoin Cash (BCH) on Coinbase. Now Coinbase, apparently, will be forced to stand trial, Bloomberg reports.

So, at the end of 2017, the exchange opened BCH trading, but was forced to suspend operations after 2 minutes due to high volatility and suspicious price increases - the coin began to grow rapidly several hours before the announcement of Coinbase.

Then the company was accused of insider trading, later crypto enthusiasts even began to find confirmation of this.

According to the judge, the users who bought VSN at inflated prices were primarily affected. He noted that the suspension of trading was too hasty and disrupted the normal functioning of the market.

BCH buyers claim that Coinbase could have announced a bid in advance to prevent a price spike, but it did not. The judge agreed with this opinion and noted that shortly before the launch of BCH trading on Coinbase, the Chicago Mercantile Exchange opened trading in bitcoin futures, which could become a factor of too much market participants' recovery.

According to the publication, Coinbase has not yet commented on the court decision.

Recall that in March 2018, a class action lawsuit was filed against the company, in which Coinbase was accused of “artificially overpricing” Bitcoin Cash through trading based on insider data.