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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.

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Questions remain as to whether parties to the New York Agreement will implement the block size increase. Failure to do so could cause another chain split

Could SegWit2x Lead to Three Different Bitcoins?

2017-08-02T19:55:26+01:00

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Adam Back says the Bitcoin community should deploy a “moratorium” on SegWit2x to avoid a second fork.

Delay SegWit2x 6 Months to Work on SegWit, Lightning: Adam Back

2017-08-02T14:25:00+01:00

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The controversial Bitcoin Cash, has rocketed to be the third-biggest cryptocurrency in terms of its market cap in less than 24 hours, overtaking Ripple.

Bitcoin Cash Third-Biggest Cryptocurrency On First Day of Creation

2017-08-02T09:05:00+01:00

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Bitcoin exchanges are seeing liquidity dry up as traders move their funds to cold storage in anticipation of possible problems. The lack of funds on exchanges c...

Bitcoin’s Civil War is Over But Bitcoin Price Set For Extreme Volatility

2017-08-01T11:35:00+01:00

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Although August 1 is still hours away, most Bitcoin users are more confident of the community than they were a few weeks ago.

Bitcoin Price is Likely to Surpass $3,000 After SegWit Activation: Opinion

2017-07-31T20:30:00+01:00

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ShapeShift CEO Erik Voorhees has announced that he plans to divest all his Bitcoin Cash tokens as soon as he gets hold of the new cryptocurrency during the sche...

Voorhees Decision Will Not Affect Shapeshift.io Support for Bitcoin Cash

Joshua Althauser

2017-07-31T17:10:00+01:00

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Erik Voorhees Tweets SegWit2x Support.

Erik Voorhees Tweets SegWit2x Support

2017-07-31T16:00:00+01:00

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“Hodlers” think there is no point taking a chance if they are sure which side will win between BTC and BCH.

Bitcoin “Hodlers” Rejoice Over Dicey August 1 As Litecoin Looks Shaky

Olusegun Ogundeji

2017-07-31T13:40:00+01:00

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