Just a bit more than three years ago, when I joined BitGo, Bitcoin Cash had not spun off yet, nor had segwit activated. Wallets were simpler, consolidation transactions were mostly theoretical and there was less awareness for payment batching. …

On May 11, 2020 Bitcoin’s block subsidy will halve to 6.25 BTC. As the daily production will decrease from about 1,800 BTC to 900 BTC, many observers are speculating on the halving’s impact on the Bitcoin exchange rate. When Bitcoin was published in 2009, the protocol came with a fully…

Consensus change to render BitGo BSV Wallets unable to receive funds — Bitcoin Satoshi’s Vision (BSV) Protocol Developers have scheduled the Genesis Hard Fork for February 4, 2020. This consensus rule change will make Pay-to-Script-Hash (P2SH) outputs invalid. Since BitGo’s BSV wallets use P2SH-based multi-signature addresses, the protocol change will render BitGo BSV wallets unable to receive funds.

BitGo now supports sending to Bech32 addresses and generating Native SegWit addresses on Litecoin. We previously introduced the advantages of Native SegWit addresses when we rolled out Native SegWit support for Bitcoin. Native SegWit receive addresses can be generated via the API by specifying the derivation chain code 20 for new addresses. When sending transactions, passing the parameter addressType: ‘p2wsh’ will send change to Native SegWit change addresses.

As of today’s release, it is possible to generate Native SegWit addresses from the BitGo V2 API to spend and receive funds on the Bitcoin network. Native SegWit is an improved, more weight-efficient address format than Wrapped SegWit. This follows previous support for sending to any Bech32 address. Native SegWit…

If you’re keeping a finger on the pulse of Bitcoin development, you’ve probably already heard about Schnorr signatures and you probably won’t find much new here. You might rather want to check out Pieter Wuille’s recent talk at BPASE18, or Bryan Bishop’s compilation of transcripts of Schnorr signature talks whom…

Update: Blockchair.com, BTC.com and Smartbit.com.au have corrected their fee rates since my article. Thank you! We’ve been getting support requests from customers inquiring why their transaction’s fee rate is not matching the parameters they set. The problem is that popular blockchain explorers don’t get the fee rate right. Let’s look…

SegWit has been live on the Bitcoin network for a few weeks. During this time, BitGo has been testing with select customers. Last week, BitGo helped create the two largest blocks in Bitcoin history: 484,398 and 484,399 each were over 1.3MB! In these two blocks the SegWit transactions co-signed by…

As SegWit activates today on the Bitcoin network, we are happy to announce that BitGo is starting to roll out SegWit to all BitGo wallets. Our plan is to immediately launch with a few select customers while we observe production operation. …