Luno Integrates Segwit

in #cryptocurrency • 7 years ago

Wednesday 14, February 2018, Luno, a cryptocurrency exchange platform with services in South Africa, Nigeria, Indonesia among other countries, announced on its blog that it has integrated segwit ( segregated witness), what exactly does this announcement mean for users of luno;

  • cheaper and faster Bitcoin transactions
  • As from 2, February 2018, you one can receive bitcoin in his/her new segwit bitcoin wallet address on luno.
  • There is a receive fee for incoming transactions as explained here
  • You will have to switch over to a new segwit address
    you can still send bitcoin from a legacy wallet to a segwit wallet and vice versa. Though you are more likely to have a reduction in fees when sending to and receiving from a segwit compatible wallet.
    Read the full article on the Luno Blog.
#bitcoin #nigeria #blockchain
7 years ago in #cryptocurrency by
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