Cryptocurrency Q&A
What does SegWit BTC mean?
What does SegWit BTC mean?
Sara
Sun Dec 22 2024
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7 answers
1617
SegWit BTC refers to the implementation of Segregated Witness (SegWit) technology in the Bitcoin network. SegWit is a soft fork that changes the transaction format of Bitcoin, aiming to improve its scalability, efficiency, and security. By separating the signature data from the transaction, SegWit allows for more transactions to be included in a block, effectively increasing the block size limit and enabling faster transaction processing.
7 answers
Nicola
Tue Dec 24 2024
Segregated Witness, or SegWit, represents a significant alteration in the transaction format of Bitcoin.
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DaeguDiva
Tue Dec 24 2024
This change involves the removal of witness information from the input field of each block.
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Valentina
Tue Dec 24 2024
The primary objective of SegWit is to address the issue of non-intentional Bitcoin transaction malleability.
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MysticMoon
Tue Dec 24 2024
By segregating the witness data, SegWit aims to enhance the security and integrity of Bitcoin transactions.
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Arianna
Mon Dec 23 2024
Another advantage of SegWit is its ability to increase the capacity of blocks.
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