Bitfinex Adds Bitcoin Bech32 Support — Hints at Lightning Network Next
Helen Partz's original article for cointelegraph.com reduced by 60%
Major global crypto exchange Bitfinex now supports Bitcoin bech32 addresses generation and deposits to bech32 addresses. Following the launch of Bitcoin withdrawals on bech32 addresses on Oct. 29, Bitfinex officially announced on Nov.
4 that the exchange now also supports Bitcoin deposits to bech32. As previously announced, a bech32 Bitcoin address is a Segregated Witness address format specified by Bitcoin Improvement Proposal 0173. Interoperability with platforms not supporting bech32Bitfinex notes that the introduction of bech32 addresses shows its commitment to speeding up the adoption of SegWit as well as developing and scaling Bitcoin.
As bech32 format is not supported by all the exchanges, Bitfinex's traders will have the option to use either the original Pay to Script Hash SegWit deposit address or native SegWit bech32 address, the firm stated. SegWit-spending BTC transactions hit 57%The news follows the recent uptick in SegWit-spending Bitcoin transactions on the network to over half of the total. Info statistics, the percentage of SegWit transactions has hit an all-time high of 57.7% on Oct.
8 and currently at 52.2%. Percentage of SegWit-spending Bitcoin payments.
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