BTCC mines first SegWit block

Segregated Witness protocol activated in the Bitcoin blockchain: BTCC pool mines the first SegWit block
24 August 2017   3804

Segregated Witness is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain. 

Today, on August 24th, the activation of the protocol finally took place at 01:57 UTC on the block 481,824 found by the BTCC pool.

SegWit activation: block details on coin.dance SegWit activation: block details on coin.dance

The community seems to be pretty excited about the news. Thus, Charlie Lee, the Litecoin creator and an active Twitter user also known as one of the most honest developers in the cryptocurrency world, congratulated Bobby Lee, Co-founder and CEO of YourBTCC, on the social media:

With the activation of SegWit, a number of problems connected with Bitcoin are to be eliminated. On top of that, the activation will enable the opportunities for significant network scaling and the implementation of various innovative projects. 

In addition, now it is possible to launch the Lightning Network protocol, a solution designed to perform microtransactions.

Is this it for Bitcoin drama, remains to be seen. At least there's still the possibility of SegWit2x hard-fork in November. 

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   77

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.
 

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).