Bitcoin Core Wallet Now Supports SegWit

Segregated Witness was introduced in August of last year and promised to bring noticeable efficiency changes to the Bitcoin network  
20 February 2018   1539

Till now, many in the Bitcoin world were slow to adopt the new technology including developers of the Bitcoin Core Wallet. Today, SegWit was finally implemented with the released version 0.16.0.

Segregated Witness is a Bitcoin protocol improvement that facilitates scaling.The upgrade redefined the structure of blocks, changing one block from 1MB to become four million units. Witness data became serialized as just one unit. It will allow storing more transactions in each block, leading to less load on the network, faster transactions and lower fees.

It will also allow for the introduction of further upgrades such as Lightning Channels, established payment paths that would further ramp up transaction speeds.

Bitcoin wallet adoption of SegWit may result in an increase in the use of the technology. Currently, only 15% of Bitcoin transactions currently employ SegWit.

The major gateway between the fiat and cryptocurrency worlds has also scheduled SegWit implementation, with the update expected in the coming weeks following heavy pressure.

Supporters of this technology hope that it will be able to overcome the high transaction costs and long waiting times that users have recently struggled with under periods of high load.

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   131

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.