SurBTC leaves SegWit2x agreement

Yet another cryptocurrency exchange, Chile's SurBTC, leaves SegWit2x agreement
12 October 2017   2774

Yet another cryptocurrency exchange leaves SegWit2x agreement.

This time this is the Latin American Bitcoin exchange, SurBTC, refused to support SegWit2x just a month before the planned November hardfork. 

The company claims that the new hardfork could be unsafe and is not supported by the Bitcoin Core developers. Indeed, Bitcoin.org has just published a “blacklist” of websites that continue to support the SegWit2x hardfork, arguing that storing any BTC on such services is strongly not recommended. 

We’ve always loved SegWit and we see a small increment (2mb) in the size of the block as a good idea as it would relieve pressure, lower fees and give some time to other more definitive scaling alternatives such as the Lightning Network to develop. Nevertheless, we can’t pretend to be bitcoin “scaling experts”. We don’t believe in trying to force a change bitcoin’s core developers don’t feel safe with.
 

Agustin Feuerhake
SurBTC team

The company also highlights that they haven’t seen proper support and they "don’t like what they currently see on the btc1 code repository in terms of technical considerations and open source collaboration".

SurBTC argues to be defending the interests of a growing Latin American user community that feels strongly against a new contentious hardfork. Thus, if the hardfork does happen, the exchange could eventually list both assets but will allow for sure its users to at least withdraw both. Due to practical reasons, SurBTC will continue to list BTC, and they will incorporate B2X (or the names that catch on among the industry) later.

Lightning Network Wallet by Breez to be Out For iOs

Solution is based on the lightweight client called Neutrino and it wallet supports Submarine Swaps technology
18 June 2019   202

The Breez payment platform introduced a non-custodial wallet for iPhone that supports the Lightning Network protocol.

The basis of the new product is a lightweight client Neutrino. It is also known that the wallet supports Submarine Swaps technology, which makes it possible to conduct transactions between online addresses and the Lightning Network.

The company's blog says that immediately after installation, the application automatically connects the channel to the so-called Breez hub connected to other Lightning nodes, which allows the user to conduct transactions with any participants in the second-level network. In addition, according to the founder of the company, Ron Scheinfeld, the possibility of a refund is provided in the event of challenging purchases.

In a Lightning economy, people trade money for goods and services. Intermediaries — banks, credit cards, online payment processors, and custodians of any kind — are obsolete. All that remains are the people, trading with each other anywhere, anytime, free to do what each of them thinks is best with their own money. Scale is no longer a concern. Transactions are virtually instantaneous and practically free. The people are free too. Finally.
 

Roy Sheinfeld
Co-Founder and CEO, Breez

The company also noted that within only two months after the release of the version for Android, Breez benefited from "hundreds of users." Currently, the wallet is in beta.

On the eve of the release of the iOS application, the startup managed to attract $ 500,000 from Recruit Strategic Partners and Fulgur Ventures. The funds will be used to develop an application for merchants, allowing them to accept Lightning-payments.