Binance CEO hinted at plans to add SegWit support for Bitcoin transactions Binance CEO Changpeng Zhao hinted that the cryptocurrency exchange he founded could add support for Segregated Witness (SegWit) technology for Bitcoin transactions.

Binance CEO hints at plans to add SegWit support for Bitcoin transactions

Binance CEO Changpeng Zhao hints that cryptocurrency exchange he founded could add support for Segregated Witness (SegWit) technology for bitcoin transactions.

Developer Udi Wertheimer reached out to Zhao on Twitter this Wednesday, promising to put the Binance logo on his profile image for the remainder of 2019 if the exchange adds full SegWit support for bitcoin deposit / withdrawal and allows new addresses to be generated to avoid reuse..

"How about the first quarter of 2020?" - answered Zhao.

SegWit was launched on the bitcoin blockchain in August 2017. The technology is aimed at solving problems of scalability, transaction plasticity and elimination of other shortcomings.

Over 53% of Bitcoin transactions are currently using SegWit, according to transactionfee.info..

In April, the American cryptocurrency exchange Gemini added full support for SegWit.

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