We wanted to give our customers an update on Bitcoin Segregated Witness (SegWit) transactions. While we plan to support SegWit in 2018, at this time we are focused on operating a secure and stable platform before implementing new features.

We are excited to offer features that our customers want, but securely storing customer funds will always remain our top priority. Following security, we are committed to ensuring our exchange remains available and performant even during periods of peak activity.

Many of our customers are asking for SegWit, and we hear your requests. Any change to our infrastructure is done with extensive analysis and planning to ensure it is done safely. Based on those requirements we intend to add SegWit support in 2018.

What is SegWit?

SegWit is an upgrade to the Bitcoin network that helps reduce the size of bitcoin transactions and improve the overall transaction capacity of the network. This upgrade should help reduce the fees customers pay on bitcoin transactions. You can read more about SegWit here.

We’ll share additional updates with our customers as we get closer to launching SegWit.

SegWit was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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