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Showing posts from March, 2018

Segwit and Tx Batching

Hooray! Lower fees CoinCorner are thrilled to announce that we have integrated both transaction batching and Segwit functionality into our platform.

What is transaction batching? Transaction batching is the procedure of grouping together our pending bitcoin withdrawals and pushing them into just one transaction before sending them out to the bitcoin network.
In addition to helping lower fees for our customers, this change also supports the overall bitcoin network by reducing the amount of individual transactions sent out by CoinCorner (helping avoid network congestion).
What is Segwit? Segwit (short for Segregated Witness) is an upgrade to the bitcoin protocol that changes the way in which data inside a transaction is stored. The Segwit upgrade removes the signature data out of the transaction hash and stores it in a separate ‘transaction witness’.
By restructuring the way data is stored in a transaction, Segwit essentially allows for smaller sized transactions which means more transactions …