This week, Bitcoin wallet service Blockchain announced that full support for Bitcoin Cash, across all its platforms, will be added by the end of the first quarter of 2018. Currently, the company is working on integrating SegWit support in its wallet products, according to a report from CryptoCoinsNews.
The announcement was made by Blockchain, through a blog post in which they explained that the cryptocurrency created a few months ago, on August 1, by hard fork, has proven its viability and ability to become top-tier.
Investors are highly interested in Cash!
“Market demand for Bitcoin Cash has proven strong and, in our view, it’s likely here to stay,” the company wrote.
Ever since the launch, the Cash managed to remain in the top-four market cap rankings, while, for a short period, it held the second position.
However, now that SegWit2x, a scaling proposal with the purpose of easing transaction fees by increasing the nominal bitcoin blocksize, has been suspended for an indefinite period, analysts believe that individuals – and probably businesses – who want Bitcoin to be a currency first and a store of value second will stick to Bitcoin Cash.
Many of the proposal’s opponents criticized Blockchain for failing to integrate support for SegWit, as it would’ve been an upgrade that had already been activated on the Bitcoin network, as a result of a soft fork, back in August.
The company said that the delay of this expected hard fork, on the other side, is caused by the complexity of integrating SegWit into products that now already have billions of users.
The update could cause privacy-related issues
“This will be a major and complex update to some of the most sensitive parts of our codebase, across a wide variety of platforms and devices, affecting billions in user transactions with potentially significant privacy implications,” they wrote.
Finally, SegWit support, within Bitcoin Wallet products, will begin rolling out in the 2018, with the first quarter of the year as a target date.