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   613

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.

Kraken & Polniex to List Cosmos

ATOM trades start today at Kraken in pairs with USD, EUR, CAD, BTC and ETH and today at Poloniex, but no trading availbale at it yet
22 April 2019   119

Kraken announced the listing of the Cosmos token project. ATOM trades start today in pairs with USD, EUR, CAD, BTC and ETH.

Also, the announcement of Cosmos listing was made by Poloniex, which had previously announced its intention to support cryptocurrency. According to a publication on the Twitter, ATOM transfers will be activated today, and the I/O and ICO tokens repayment will be available to users as soon as the exchange finds the cryptocurrency network fairly stable.

Earlier, Poloniex has joined several other exchanges and announced its readiness to implement support for the stablebcoin USDT-TRON, launched last week.