Coinbase Wallet to Start Bitcoin Support

Coinbase also confirmed it continues to work on the integration of other tokens
06 February 2019   557

The American stock exchange cryptocurrency Coinbase implemented support for Bitcoin in its wallet application, which was launched six months ago.

Coinbase Wallet already supports Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Bitcoin is an important next step in that direction.

Siddharth Coelho-Prabhu

Coinbase Wallet Team

Coinbase Wallet supports both SegWit addresses and old format addresses. In addition, users can switch to the Bitcoin test network in advanced settings.

In today's announcement, Coinbase also confirmed that it continues to work on the integration of Bitcoin Cash, Litecoin "and other popular cryptocurrencies."

Earlier, some community members noted that Coinbase representatives deliberately avoid mentioning Bitcoin in their public statements, and even assumed that the exchange is building its policy in such a way as to shake the status of the first cryptocurrency.

Bitcoin SV Blockchain to Undergo Reorganization

This happened due to the fact that some blocks were rejected by Bitcoin SV blockchain
19 April 2019   104

Several blocks were rejected by the Bitcoin SV network after the addition, which caused the re-organization in the blockchain's history.

Almost each time someone is trying to produce a very large block on the BSV chain, there’s a reorg. Just an hour ago our Blockchair engine has witnessed a 3-block reorg (I think that's a record)! Blocks #578640–578642 got orphaned by a longer chain because they were too big

Nikita Zhavoronkov

Lead developer, Blockchair

The large blocks, about which Zhavoronkov writes, are no longer displayed by the blockchain browser, since they are not part of the main chain in which they were located until a certain moment, until they were replaced by another chain, which eventually became dominant.

This is basically exactly the problem the BU gigabock testnet identified. At sizes > 100mb the mempools were so out of sync that blocks were basically transmitted as full blocks.

BSV had ONE 128mb block and it caused a six block reorg. On the BU testnet sustained 128mb blocks caused a total breakdown of the chain where there were so many reorgs that every node had a different view of the state of the blockchain.

Chris Pacia

Developer, Bitcoin

Thus, Chris assumes that the problem is caused not by the malicious actions of the network members, but by its functional bug. 

This update is noticeable in the background of recent Bitcoin SV delisting campaign, which was started by the number of big exchanges as a reply to lawsuit by Craig Wright, BSV supporter, against anonymous critic.