SegWit

SegWit

(SEGregated WITness) A technique that improves the efficiency of a cryptocurrency network. Used in the Litecoin network and adopted by Bitcoin in August 2017, SegWit moves the digital signatures (the witnesses) to the end of the block, which is also larger (up to 4MB). As a result, blockchain data can be downloaded faster for validators that are not verifying transaction integrity. SegWit is a "soft fork," which means that service providers and digital wallets do not have to comply immediately. SegWit2x is an additional approach that proposed splitting Bitcoin after SegWit but was cancelled in November 2017. See Bitcoin, Bitcoin Cash and blockchain.
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So the bitcoin community rejoiced when Coinbase tweeted plans to launch SegWit support for all their customers by next week.
This past month the price of bitcoin soared due to deployment on August 1 of the SegWit infrastructure upgrade.
Fully understanding SegWit involves some complex Bitcoin internals, but in brief, it separates the transaction cryptographic proof from the transaction details itself.
You see, Litecoin was able to integrate the SegWit (Segregated Witness) upgrade to its blockchain, helping to improve capacity, lower transaction fees, and speed up settlement times.
com/_jillruth/status/953821536758018049) tweeted this was the "most important thing to happen to crypto since SegWit.
com/segwit-ushers-future-bitcoin-2581975) SegWit , the update needed to work with such layered scaling solutions, without promising any actual plans for such updates in the near future.
Such was the case with SegWit, an update that prepped litecoin for the first transactions on the (http://www.
org/elements/segregated-witness/) SegWit  upgrade puts Bitcoin on a path of both on-chain and off-chain scaling.
Litecoin has SegWit and lightning network fully implemented and can handle over 50 transactions per second.
com/segwit-ushers-future-bitcoin-2581975) SegWit to boost scalability over the next year or more.
Now SegWit is fixing one of bitcoin's oldest bugs plus making the blockchain network faster, stronger, and easier to build up with more diverse solutions.
com/segwit-locked-bitcoin-network-2576014) SegWit already in the pipeline.