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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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'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

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A new Bitcoin hard fork plans to leverage funds via an ICO to “protect Bitcoin’s key value” of decentralization.

Suddenly, Bitcoin GPU Hard Fork Could Give Bitcoiners ‘More Free Money’

2017-08-30T14:20:00+01:00

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The growth of cryptocurrencies this year has been astronomical, but to put a figure on it, they are up nearly 800 percent.

Cryptocurrency Market Cap Up Nearly 800 Percent In 2017, Bitcoin Accounts for Half

2017-08-28T13:35:00+01:00

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Litecoin has passed $60 and hit a $3 bln market cap for the first time in its history.

Litecoin ‘Milestone’ Trading Sends Price Over $60, Market Cap Hits $3 Bln

2017-08-28T08:50:00+01:00

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BitPay, the automated payment processing system for Bitcoin which enables online merchants to accept bitcoins, has just announced its support for SegWit2x via t...

Bitcoin Payment Processing System BitPay Will Support SegWit2x

2017-08-26T16:55:00+01:00

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Bitcoin’s slow transaction processing is a result of Antpool mining empty blocks, sources are suggesting.

Antpool, ASICBOOST Share Blame for Bitcoin Network Delays

2017-08-25T14:51:00+01:00

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Bitwala becomes first New York Agreement signatory to back out of the agreement, citing user feedback.

SegWit2x Could be in Trouble as Bitwala Becomes First Signatory to Renege on New York Agreement

2017-08-24T22:59:00+01:00

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SegWit activation for Bitcoin sees celebrations as Max Keiser raises his ‘interim’ forecast to $10,000 per coin.

Bitcoin Launches SegWit, Max Keiser Raises ‘Interim’ Price to $10,000

2017-08-24T11:10:00+01:00

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Since Bitcoin Cash and Bitcoin use the same proof-of-work to safeguard their transaction histories, both platforms are now effectively competing for hash power.

The Battle Continues Between Bitcoin and Bitcoin Cash

2017-08-23T23:44:00+01:00

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