Coinbase to Launch Open Source Fund

Coinbase announced the introduction of Open Source Fund from which they will be donating $2500 each month to open source projects
08 February 2018   336

The infamous cryptocurrency exchange Coinbase has made an announcement on February 8 of 2018 introducing the Open Source Fund. The decision was made due to the fact that Coinbase has always relied on open source software to build its systems and products, having open sourced pieces of their own work.

Coinbase Open Source Fund will be donating $2500 each month to open source projects, which will be selected by the members of Coinbase’s engineering team based on Coinbase’s current and future use.

As for the February of 2018, Coinbase stated that it will be supporting Javascript projects which are used across several Coinbase web products, such as Mobx, Webpack, Babel, Styled-components

Coinbase Implemented SegWit

One of the largest cryptocurrency exchange now supports SegWit protocol
21 February 2018   141

The leading crypto exchange of digital assets Coinbase announced the imminent launch of Segmental Witness (SegWit) protocol.

The SegWit protocol was activated in the bitcoin network in August 2017, but even after six months a number of large companies still did not support it. Coinbase turned out to be under a separate wave of criticism - a few months ago the company expressed support for some dubious decisions that could potentially increase its profits, but would hardly contribute to the healthy development of bitcoin as a whole.

It is important that Coinbase has one of the largest user bases in the bitcoin industry, and SegWit support will surely have a positive impact on both the total number of SegWit transactions on the network and the reduction of commissions.