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SegWit News

Segregated Witness or SegWit is a soft work protocol that changes the method of storing data. It was presented in December 2015 by Pieter Wiulle as a solution to Bitcoin’s scalability problems.
The core concept of SegWit is a segregation of the digital signature from the transactions data. As the digital signature is 65 percent of transaction, removing it from the data will increase Bitcoin’s blockchain maximum size from 1MB to a little under 4MB. SegWit could also help with fixing a bug called “transaction malleability,” which is when anyone could change some small details and modify the transaction ID. This bug prevented the development of new features for Bitcoin.
Segregated Witness was activated on August 24, 2017. Still, not everyone who accepts SegWit as Bitcoin can still work using the old protocol. Only around 30 percent of transactions are using a new format at the day of writing this article.

Top News

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Bitcoin maintains lead over the competition, but altcoins have one significant advantage.

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2017-09-11T07:05:00+01:00

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What is the Ethereum’s answer to the network’s scaling problem.

Raiden Project Sets Milestone for Ethereum’s Scaling Solution

2017-09-09T15:50:00+01:00

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After achieving a new all-time high at $4,975 merely two days ago, Bitcoin price has decreased to around $4,350.

Bitcoin Price Drops to $4,300, What’s Next: Factors and Trends

2017-09-04T16:15:00+01:00

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Coinbase has 10 mln users for the first time as entry-level interest in Bitcoin continues.

Coinbase ‘Bitcoin McDonalds’ Passes 10mln Users, Trading Keeps Rising

2017-09-04T14:00:00+01:00

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Analysts disagree on Bitcoin’s price in 2020, but all signs point to additional growth.

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2017-09-03T02:50:00+01:00

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The future of the hard fork looks increasingly shaky as F2pool signals it has stopped supporting SegWit2x.

Another Bitcoin New York Agreement Partner Cancels SegWit2x Support

2017-09-01T12:45:00+01:00

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Bitcoin is hovering around all-time highs of $4750 as Litecoin gains 20 percent to hit a record $76.

Bitcoin Price At $4750 And Counting As Charlie Shrem Calls Below $100k ‘Cheap’

2017-09-01T08:55:00+01:00

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Jihan Wu and Bitmain hold so much mining power that they could indeed be manipulating the market.

Bitmain's Mining Monopoly Compromises Bitcoin's Decentralized Nature

2017-08-30T14:40:00+01:00

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