Parity supports SegWit, SegWit2x and Bitcoin Cash

Parity Bitcoin client now supports SegWit, SegWit2x and Bitcoin Cash
31 August 2017   3427

A full-node implementation of the Bitcoin protocol written in Rust, the Parity Bitcoin client, announces its recent upgrade that includes support for SegWit, SegWit2x and Bitcoin Cash.

Thus, according to the company, Parity Bitcoin does not favour any scaling approach or any chain fork rule over another. However, the company's users have to be able to decide which version of Bitcoin they wish to run. This decision received a great feedback from the community so far.

The way it should be. Thanks parity for allowing your users to decide what they want.

DeezoNutso user

However, as reported, Parity Bitcoin defaults to the Bitcoin chain with the majority of hashrate with SegWit enabled. Users supporting user activated hard-fork can use the --bitcoin-cash flag to synchronize the Bitcoin Cash chain. In addition, the client allows support for SegWit2x by passing the --segwit2x parameter.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   90

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.


Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.