Luno Implemented SegWit Support

Level of SegWit support in Bitcoin network is still love
15 February 2018   962

Luno, provider of exchange and wallet, added support for the Segregated Witness (SegWit) bitcoting solution. This is reported in the company's blog.

We already implemented SegWit on Bitcoin send transactions in December 2017. This has significantly decreased the Bitcoin network fees that you pay when you send Bitcoin. By implementing SegWit internally, Luno has managed to reduce the send fees paid by customers by over 25% already. As customers start switching over to new SegWit addresses, this will translate into a further reduction in sending fees in the coming weeks and months.

Luno Team

Also representatives of Luno note that SegWit-addresses begin with the number '3', while 'old' legacy-addresses start with 1.

Note that the level of decision-making Segregated Witness in the crypto community is still low. So, according to the service, the share of SegWit transactions in the bitcoin network currently does not exceed 14%.

The company was founded in 2013 as BitX and rebranded in January 2017. Then it joined the regulatory sandbox of the UK Financial Supervision Authority. In addition to continental Europe, Luno also operates in Indonesia, Malaysia, Nigeria and South Africa.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   55

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.