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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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Trezor Founder: Bitcoin Without SegWit is Gold, Just As Inefficient and Limited

2017-03-18T16:45:00+00:00

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2017-03-17T18:25:00+00:00

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Vitalik Buterin has joined Vinny Lingham in the hard fork vs. soft fork Bitcoin debate.

Buterin Defends Hard Forks, Adding Heat to Bitcoin Scaling Debate

2017-03-17T09:39:00+00:00

1817

On March 15, Bitcoin Unlimited suffered from an attack that led to a 6-hour downtime for miners and node operators. Miners lost over $200,000 in revenue and nod...

Community Reacts to Bitcoin Unlimited Bug, Calls For SegWit Activation

2017-03-15T18:55:00+00:00

1251

The Bitcoin community is split for good reason. Neither solution will solve scalability issues and transaction fee issues

Neither SegWit Nor Bitcoin Unlimited Can Solve Bitcoin’s Scalability Problems: Experts

2017-03-15T17:30:00+00:00

2282

Antpool, Bitcoin’s largest mining pool, has begun mining blocks supporting Bitcoin Unlimited, cementing deadlock in the scaling debate as transaction issues wor...

Bitcoin's Largest Mining Pool Now Supports Bitcoin Unlimited, Scaling Gridlock Deepens

Joël Valenzuela

2017-03-13T13:30:00+00:00

2502

Charlie Lee, the Director of Engineering of Coinbase and creator of Litecoin, will not allow GDAX, the digital currency exchange arm of Coinbase, to support Bit...

Coinbase Director: GDAX Will Not Support Bitcoin Unlimited Code "As Is"

2017-03-13T11:51:00+00:00

1162

The CEO of Bitcoin’s biggest single mining pool has confirmed that in future it will only support Bitcoin Unlimited.

Block Wars: Samson Mow Slams Bitcoin Unlimited As AntPool Signals 100 Percent Support

2017-03-13T10:44:00+00:00

681