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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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Bitcoin Scaling: Jeff Garzik AsicBoost Comments Lead to Frustration

2017-06-02T10:15:00+01:00

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A new Bitcoin roadmap outlining SegWit activation with a two-megabyte hard fork has been produced by Bitcoin Core.

Bitcoin SegWit Activation August 1: New Bitcoin Improvement Protocol

2017-05-29T08:10:00+01:00

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Huobi has made unofficial comments stating will remain “neutral” on the latest twist in the Bitcoin scaling plot.

Bitcoin Exchange Huobi: We Will “Stay Neutral” On SegWit Agreement

2017-05-24T14:56:00+01:00

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Detractors are coming out among members of Barry Silbert’s SegWit activation meeting, including Bitcoin.com’s Roger Ver.

SegWait? Silbert’s ‘FrankenSegWit’ Bitcoin Scaling Agreement Already In Trouble

2017-05-24T12:23:00+01:00

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Bitcoin scaling solution consensus has been reached among key industry players. SegWit and 2MB block size increase to be implemented.

BREAKING: Bitcoin Scaling Consensus Reached. Commentary From Industry Leaders

2017-05-23T18:05:00+01:00

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SegWit cannot occur on Bitcoin in its full capacity until the current deployment expires, Greg Maxwell has said.

Greg Maxwell: Bitcoin’s SegWit ‘Redeployment’ Has To Wait

2017-05-23T09:11:00+01:00

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Progress in Bitcoin scaling discussion, miners agreement on SegWit adoption, rising global awareness of Bitcoin and the increase in the interest of institutiona...

Bitcoin Price Hits $2,150 Following Rapid Progress in SegWit, Scaling Talks

2017-05-22T14:00:00+01:00

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Bitcoin Core contributor Rusty Russell has said he would now fully support a UASF and that scaling delays were “his fault.”

Blockstream’s Russell: ‘I Support UASF, SegWit, It’s My Fault’

2017-05-22T10:05:00+01:00

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