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SegWit and What it Means for Your Bitcoin


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#1 sabrina8089

sabrina8089

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Geschrieben: 11 August 2017 - 17:03

SegWit, or Segregated Witness, is a potential solution to a problem that has caused much debate in the Bitcoin community for a while. The idea behind SegWit is that there was a scaling limit to Bitcoin that would always prevent it from having more than a certain amount of transactions per minute. Right now, only 1 megabyte worth of transactions can be executed every 10 minutes and this is creating a backlog. As more users show interest in Bitcoin, this popularity tends to work as a double-edged sword resulting in delays in the system. It also makes it entirely implausible to implement systems that use micro payments or anything of the sort.

Know more: https://www.coinstak...r-your-bitcoin/

 

 






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