The Bitcoin network is set to receive a big upgrade this weekend. It will introduce new smart contract features bringing it closer to Ethereum and some transactions will be simpler, reducing fees.
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After a turbulent few months, bitcoin has finally bucked the downward price trend by managing get above $10,200 on Thursday. Those bullish on bitcoin say that it's in for a very good year in 2018.
Coinbase has announced that it is in the final phase of testing SegWit, before it deploys the technology on its network in the coming weeks. Coinbase has been unpopular for delivering SegWit slowly.
Bitcoin.org has had to update the claims it makes about bitcoin in order to line up with reality. It removed the claim about low transaction fees and also the one about fast payments.
The cost of transactions on the Bitcoin network has skyrocketed to an average of $5 per transaction in the past few weeks. With SegWit about to become active, though, we could see costs reduce.
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