Parity supports SegWit, SegWit2x and Bitcoin Cash

Parity Bitcoin client now supports SegWit, SegWit2x and Bitcoin Cash
31 August 2017   2693

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.

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.