#Phore (PHR) #Segwit, #Sidechains, #Atomicswaps

Sounds like #Blocktstream 2.0?

https://t.co/Si0fxyHQp5 Reasons #Bitcoin transactions are way more expensive on-chain than they should be is cause MOST POPULAR yet one of the WORST wallets in #crypto - @blockchain - has NOT implemented #Segwit after

Convincing evidence suggests that the 7,000 BTC Binance piracy mentioned earlier this morning may have been self-inflicted.

While this could have initially been a joke, a number of strange details appear and convincing signs indicate that it was not actually a theft, but a $40 million loophole.

The following results come from CryptoMedication on Twitter. Source Finder.com.au

A failed migration
By studying the TX ID planned for the alleged hacking on Binance, the conclusion is that the funds sent to bech32 addresses are no longer usable.

Shortened ID transaction: https://www.blockchain.com/btc/tx/e8b406091959700dbffcff30a60b190133721e5c39e89bb5fe23c5a554ab05ea

The vast majority of the funds allegedly stolen were transferred to Bech32 addresses.

SegWit Bitcoin portfolios are characterized by Bech32 addresses. SegWit is basically just an improved version of the Bitcoin infrastructure that is better and more user-friendly, while Bech32 addresses are the type of Bitcoin portfolio a...