One of the top cryptocurrency exchanges, HitBTC, has announced that from now on it supports SegWit technology, which is aimed to "cure a whole series of original Bitcoin imperfections", such as possible malleability bugs, blocks being clogged with transaction data reducing network speed, fees that are getting higher.
HitBTC on coinhills.com
Thus, the report details that from now on the exchange supports incoming and outcoming SegWit transactions. SegWit is a backward-compatible technology, which means none of existing functionality will be affected in any way, so that customers may feel free to withdraw their coins to non-SegWit addresses, same goes for deposits.
To start receiving SegWit transactions, the users have to simply create new Bitcoin address in their account. From today on, every new generated address will be compatible with new technology. As reported, outcoming transactions are now also sent in SegWit format. Withdrawal fees are about to decrease by 50%.
Bitcoin price chart on coinmarketcap.com
Meanwhile, the top cryptocurrency price is about $4181.33, it’s market capitalization is $69,388,280,727.