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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 is less than $2 bln away from passing PayPal’s market cap as prices remain broadly above $4000.

Bitcoin Will Soon Beat PayPal’s Market Cap, Approaches $70 bln

2017-08-14T10:30:14+01:00

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Blockstream has hinted its flagship product will involves satellites upon release, leading to industry-wide speculation.

Bitcoin Satellites? Blockstream Hints at “Coming” First Release

2017-08-14T09:24:37+01:00

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The SVP of Fidelity Labs made it clear that governments must embrace Blockchain as something that is here to stay, comparing banning cryptocurrencies to banning...

Blockchain Will Change the World: Fidelity SVP

2017-08-13T12:05:34+01:00

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Bitcoin developer and Ethereum co-founder Vitalik Buterin have co-introduced Plasma, a scaling framework for the Ethereum Blockchain.

Vitalik Buterin, Bitcoin's Lightning Network Author Reveal Ethereum Scaling Plans: Analysis

2017-08-11T13:48:00+01:00

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Bitcoin Core now bans nodes running SegWit2x code. This sets the stage for even greater turmoil as November blocksize doubling deadline approaches.

Bitcoin Core Developers Remain Adamant in Opposition to SegWit2x, Potential Showdown in November

2017-08-10T23:39:16+01:00

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What happens when a bubble isn’t a bubble at all? There are signs that Bitcoin could be on the cusp of mass adoption.

Bitcoin’s Present Bubble Might Actually be the Beginning of Mainstream Adoption

2017-08-09T21:29:00+01:00

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Bitcoin price will likely increase to $5,000 post SegWit activation, considering current upward momentum of Bitcoin and the cryptocurrency market.

Bitcoin Price Will Likely Increase to $5,000 Post SegWit: Reasons & Trends

2017-08-09T12:25:00+01:00

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Bitcoin’s future is still up for discussion as SegWit’s lock-in shifts the focus to the coming months.

Bitcoin Falls 3.5% Post SegWit Victory, Community Figures Continue Arguing

2017-08-09T11:25:47+01:00

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