Above is the screenshot of the search bar for Bitcoin addresses but what's so special about this web application is its ability to query Bech 32 addresses or simply known as Segwit address directly from the search bar. The first and second part of this chronicles have demonstrated its ability to do that. Well this time we have to step up since there is not enough sources or if there are any for this specific subject. This information will be exclusive to the Steemit network. Search everywhere and you will see that the exposition about the real Segwit is very limited to discussing about how the authors are so excited about this technology. They never analyze the usage of this address format and how widespread is the use of the said address format or technology which was brought to us by the core developers of Bitcoin. Let us take a closer look at the semi-Segwit address that has at least 80 transactions as of writing. This address is being used by the most popular cryptocurrency statistics web application that goes by the name coinmarketcap(.)com. Let us see if there are funds going in this wallet that are coming from Bech 32 addresses.

   Popular block explorers are not capable of doing this. Only Blockonomics can handle it very smoothly along with a block explorer from Japan which I featured prior to this episode.

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   It registered two transactions amounting to 27,000 Satoshi. Which is nothing but still it is a donation so it is better than nothing.

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   It registered a minute transaction but at least there is progress as with regards to the use of this address which you will notice as lower case formatted address.

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   This is large compared to the first two addresses which we have just featured above. But still it can be ignored by the general population.

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   Again this is our drill. To examine the blockchain for Bech 32 presence. So far we are getting as many real life examples as possible. You are getting it first on Steemit.

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   This is a very substantial donation from a Bech 32 address. It is roughly equivalent to somewhere between 480 to 560 dollars. The largest that we have examined so far.

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   Back to insignificant amount. I hope to make the Steemit community proud by presenting this original content.

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   Must be from the same donor. Same amount was transfered which is similar from the one above.

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   Groundhog day. It is a loop. Maybe it is.

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   This is some kind of code for his locker or a lottery number. I think that is it.

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   This is getting old but I need to do this to make a point. Bitcoin is not a scam along with other cryptocurrencies like Superior coin.

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   At long last the donor did something different. Now you know that this is not an illusion.

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   One of the most recent donations. It is just 11,000 Satoshi.

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   The most recent donation from a Bech 32 address was made last May the 26th 2018. I hope you are impressed. Segwit as we have seen so far is not useless after all. Mass adoption is soon to come and all transaction will be cheaper in the Bitcoin network at least. Steem network doesn't know anything about fees and such.

   You can verify the details by using Blockchain(.)info as seen from above. The transitory Segwit address which was used by Coin Market Cap is a multi signature wallet of legacy Bitcoin address format. You just found out first hand that Steemit is a place for the most informative, original and unique content. The next time you search for Bech 32 address, this article is probably going to show up. Until next time. Bye.

This post was made from https://ulogs.org