Trezor Founder: Bitcoin Without SegWit is Gold, Just As Inefficient and Limited
Slush, CEO & IT Architect of SatoshiLabs, the parent company of Bitcoin hardware wallet manufacturer Trezor, believes that without Segregated Witness (SegWit), Bitcoin will be like gold - just as bad, inefficient and limited in functionality. SegWit was originally released in Bitcoin Core v0.13.1 on Oct. 27, 2016, as a scalability solution. It was designed to maximize block size and reduce Blockchain congestion in order to handle a larger volume of transactions. In the past, developers such as Lightning co-author Thaddeus Dryja noted that SegWit is an actual block size increase....
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Segregated Witness (Segwit) is a scalability solution introduced to scale the bitcoin network and to eliminate transaction malleability. Bach Nguyen, community director of prominent hardware bitcoin wallet manufacturer Trezor, states that Segwit also serves an important role in maximizing security measures and efficiency of hardware bitcoin wallets. Since its introduction to the bitcoin community, Segwit has been praised for its ability to open doors for two layer solutions such as TumbleBit and Lightning Network (Lightning). It establishes infrastructure for innovative scalability and....
Most major Bitcoin wallet service providers, exchanges and startups have either planned Segregated Witness (SegWit) support or are SegWit support ready. The Bitcoin Core development team recently updated its list of 73 Bitcoin startups that have announced their plans to support SegWit. Amongst the list was popular Bitcoin wallet service providers Blockchain.info, AirBitz, Armory, BreadWallet, Trezor, Samourai Wallet, Ledger hardware wallet, Electrum, GreenAddress, KeepKey and Mycelium. Various mining pools including Slush, Bitfury, BTCC, CGMiner and CKPool signalled SegWit support, as well....
The world’s most popular non-custodial bitcoin wallet platform with over 11 million wallets created to date is officially Segregated Witness (Segwit) ready. Blockchain, also known as Blockchain.info, has been officially updated from “planned” to “[Segwit] ready” on the Segwit Adoption list maintained the Bitcoin Core development team. Most major bitcoin exchanges and mining pools including Bitfinex and Bitfury have already listed themselves as Segwit ready, showing their support towards Segwit as both a scaling solution and a transaction malleability elimination method which ultimately....
An early version of the TREZOR hardware wallet. After months of delays and a price controversy, it seems that TREZOR is finally ready to ship their much-anticipated hardware wallets. The company behind the product released a statement on their website today claiming that shipments of the TREZOR Metallic will be made by the end of January, while the TREZOR Classic will ship a few weeks later. The early supporters of the TREZOR hardware wallet will be happy to hear the good news, and they will be rewarded for that early support with a limited-edition version of the new wallet. This is the....
Recently Bitcoin.com reported on SatoshiLabs showing off its Trezor 2 prototype before the Paralelní Polis event in Prague. The company has now revealed more information concerning the Trezor 2 and its new security application suite — Trezor Core. SatoshiLabs Reveals More Information About Trezor 2. SatoshiLabs has been a Bitcoin industry forerunner for....