Bitcoin SegWit adoption due to increase as major exchanges upgrade platforms

newageinv(74)

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SegWit has been slow to increasing its adoption due to major exchanges still not activating the proper upgrades to support the transactions.

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source: http://segwit.party/charts/#

Despite already demonstrating decreases in fees over the last couple of weeks, SegWit activation will further support the economic viability of Bitcoin as a transaction currency in the long term. It also opens the doors to future development of scalable solutions like the Lightning Network.

This morning, both Coinbase and Bitfinex announced Segwit support in the coming days (via Twitter):
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It will be interesting to see how these newly supported SegWit wallets will increase adoption as these exchanges are Top 5 in BTC/USD trading and account for close to 10% of 24 hour volumes.

Is this the catalyst that has Bitcoin outperforming other assets? BTC dominance is at 39.2%, will it go above 40%? Let me know your thoughts on how this will continue to support increased adoption.

Follow me on Twitter: @NAICrypto