Trezor to Implement Cashaddr Support For Bitcoin Cash

Positive updates are hailing from the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Cash community as Trezor, one of the leading cryptocurrency hardware wallets, announced the support of the cashaddr address format.

The news was revealed by Trezor’s Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term Manager Bach N. on Twitter, who posted a GitHub link to cashaddr’s lead developer Jochen Hoenicke.

No ETA, but the cashaddr support is being developed: https://t.co/MPhpJWw47R

— b a c h. (@_xbach) April 1, 2018

Bitcoin Cash adopted the cashaddr format for its addresses in a way of distinction from the original Bitcoin addresses. Trezor follows the path of Coinbase and Bitpay for the cashaddr integration.

In the GitHub post, Hoenicke noted: “this needs to be done outside the firmware for cashaddr support. Webwallet: compute cashaddr addresses from xpub. Note that only the last step from hashed public key to address needs to be changed. The webwallet checks that the address the Trezor returns is as expected. This check should also allow 1.. addresses so that it works with older firmware (so we don’t have to deploy both at the same time); allow cashaddr as send to address. The firmware supports both and both use SPENDADDRESS. The only difference is the confirmation message given to the user; the transaction format did not change at all.”

No timeline for the development is set yet, but it will be one of the biggest achievements on the part of Bitcoin Cash.

Though BCH projects Bitcoin as its archrival, its primary market competitor is Litecoin, which is going through a tough time with the cancellation of the hyped LitePay project. With the addition of cashaddr, BCH will definitely make its position stronger on the market.

Bitcoin Cash gained its popularity with its faster transactions and low network fees. However, the coin also attracted a fair share of controversies with the allegations of insider trading and pump and dump schemes.

On an initial GitHub thread during the adoption of cashaddr by Bitcoin Cash, Pavol Rusnack of Satoshi Labs stated: “I suggest to change the address version to something different, so it is obvious the address is a Bitcoin Cash address. (It can start with C for example). Don't forget to change also address version for P2SH!”

“Agreed. I have a plan to change the address format. Changing the address format is expensive, so I would like to investigate various other option than just changing the prefix before settling on something. I would also have to convince other [sic] in the space that this is a good address format,” Bitcoin Cash developer Amaury Séchet replied.