Ripple CTO Emeritus David Schwartz weighs Bitcoin BLAKE2b exchange reluctance

  • David Schwartz addressed concerns about exchanges and wallets not supporting Bitcoin BLAKE2b.
  • Bitcoin BLAKE2b uses BLAKE2b mining instead of Bitcoin's traditional SHA-256 algorithm.
  • Bitcoin Cash and Bitcoin SV were cited as earlier Bitcoin forks supported by platforms.

Ripple CTO Emeritus David Schwartz has joined a debate over why Coinbase, Kraken and Trezor have not embraced Bitcoin BLAKE2b, a separate chain that emerged from Bitcoin and uses the BLAKE2b mining algorithm instead of Bitcoin's traditional SHA-256. Users have questioned the contrast with earlier support for Bitcoin forks such as Bitcoin Cash and Bitcoin SV. Schwartz suggested exchanges may be relying on replay protection (safeguards preventing cross-chain transaction reuse) because a newly split asset can share Bitcoin's pre-fork transaction history, creating engineering risks that could lead to losses if transactions are processed on both chains.

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