53% Of Bitcoin Transactions Now Happen On Segwit

2018-10-5 11:41

Segwit receives more adoption as a report shows 53% of Bitcoin transactions are now processed on the technology.

People Choosing Segwit Over Former

In a recent report disclosed by transactionfee.info on Reddit, it shows a steady growth of the Segwit’s network adoption over the past 12 months.

Segwit, which is said to have had its breakthrough in 2018 despite the drastic decline of Bitcoin process in the market has seen its usage move from 27% which it was in April to over 50% in the space of 6 months.

Segregated Witnesses, SegWit for short is a protocol which facilitates a faster means of sending the cryptocurrency from one user to another and also a lot cheaper than the technology’s main protocol. For these reasons, there has been a gradual shift by individuals and cryptocurrency exchanges alike to the protocol.

Can Segwit Be The Solution?

Bitcoin has been confirmed for drifting from its original plan, which is being a currency for ‘everyday’ transactions alongside being used for cross-border payment solutions as the cost on the Bitcoin network has increased drastically, coupled with the fact that it takes so long to get transactions confirmed.

SegWit, which was activated on the 23rd August 2017 as a “side chain” to the main network which presents a much faster method of processing Bitcoin transactions seems to be the saviour; saving Bitcoin from its state to being used like it was meant to be, again.

It’s no surprise that segwit is taking over as past reports show hardware wallet manufacturers, Keepkey for one, implementing the technology and giving hundreds of thousands of users the opportunity to make faster and cost-effective Bitcoin transactions.

Exchanges are not left out as Coinbase, one of the tops ranked cryptocurrency exchange has announced it will be supporting segwit as well.

These will further increase transactions on the network and eventually get everyone else upgrading to segwit activated wallets in the near future.

The post 53% Of Bitcoin Transactions Now Happen On Segwit appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95847.08 (+0.43%)
Объем 24H $40.675b
Изменеия 24h: -1.78 %, 7d: -7.04 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1897.745b Rank 1
Цена в час новости $ 6568.13 (1359.28%)

segwit bitcoin transactions shows report adoption happen

Источник: zycrypto.com

segwit bitcoin → Результатов: 28


Bitcoin (BTC) Scaling Debate Subsiding As Block Sizes Exceed 1MB with SegWit

The most important cryptocurrency, Bitcoin (BTC), has become more and more popular year after year. And all started since it was created in 2009. On the verge of its first decade, the culture of adoption and implementation is also booming, along with that of the other alternative cryptocurrencies. However, more transactions mean larger blocks that […]

2018-7-13 00:52


Фото:

Средний размер блоков в сети биткоина начал превышать 1 МБ

Благодаря активации протокола SegWit в прошлом году почти все блоки, производимые в настоящее время сетью биткоина, весят в среднем 1,06 МБ, а некоторые даже выходят за пределы 2 МБ. Об этом говорится в последнем отчете биржи BitMEX.

2018-7-12 19:38


Администрация HitBTC заявила о поддержке SegWit

Команда криптобиржи HitBTC объявила о старте поддержки протокола SegWit. В рамках заявления администрации криптовалютной биржи значится, что решение о поддержке протокола связано с необходимостью ликвидировать ряд недостатков сети Bitcoin.

2018-6-22 15:26


ShapeShift поддержала SegWit

Команда криптобиржи ShapeShift объявила, что приняла решение в пользу поддержки протокола SegWit. Данная информация доступна и на официальном блоге ShapeShift. Команда операторов криптовалютной биржи считает, что подобное нововведение является актуальным и необходимым, так как майнеры всего мира в большинстве своем выражают положительно отношение к Segregated Witness: SegWit был окончательно активирован в сети Bitcoin в августе этого года […]

2018-6-22 15:11


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Are Bitcoin forks advancing progress or threatening stability?

The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. Bitcoin pushed the financial innovation envelope in many directions. As a distributed digital ledger, it opened up space for transparency and offered a viable alternative to banking.

What is SegWit? Understanding Bitcoin’s segregated witness

Interested in knowing what is SegWit? Read our in-depth explanation of the technology, its origins, and its uses in the Bitcoin (BTC) network. Staying current with technical innovations in crypto is crucial for anyone involved, whether you’re a miner, trader,…

Главные форки Биткоина: топ актуальных и популярных проектов

Децентрализация и консенсус – две ключевые идеи, положенные в основу первой криптовалюты – не всегда идут рука об руку. Бывало немало случаев, когда несогласные с правилами сети Биткоина пытались все изменить, что приводило к возникновению форков.

BitMEX announces changes to customer BTC addresses

BitMEX says the update will not bring a ‘big change’ to its wallet security as the signature scheme is already used for hot withdrawal processing. Cryptocurrency exchange BitMEX is changing all of its customer Bitcoin (BTC) deposit addresses starting Nov.…