Categories: CryptoNews

Segregated Witness Is Almost A Full Proposal But Still Awaits Activation Details

For the longest time, people have been wondering when Segregated Witness would be deployed. Bitcoin Core developers have been working hard on making sure this solution is safe and solid. A recent tweet by Peter Todd indicates SegWit is 99% complete – sort of – but the activation conditions still have to be decided upon.

A Long-Awaited Update On Segregated Witness

People in the Bitcoin world have been patiently – and impatiently – waiting for more news about Segregated Witness. This particular development for the Bitcoin protocol will offer a solution to the lingering block size debate. However, everyone knew it would take months, if not a full year until this concept would come to fruition.

A new Twitter update by Peter Todd hints at how SegWit is 99% completed. To be more precise, it is 99% completed on the way to becoming a full proposal. That does not mean the new feature will be integrated today or tomorrow, mind you, as it may still be weeks or months before that happens.

A decision needs to be made as to how and when SegWit will be activated on the Bitcoin network. So far, it seems the activation will hinge on getting miners to support it, as has always been the case. However, with growing support for Bitcoin Unlimited, reaching the required threshold may not be so straightforward.

Related Post

It did not take long for the Bitcoin community to voice their opinions on Segregated Witness and the progress being made. Some people even seem to be enjoying turning this into a political debate. Bitcoin and politics have become entwined in recent years, albeit it is not doing the ecosystem any favors.

For now, it remains uncertain if and when we may see Segregated Witness on the main net. It is a significant feature to be added on top of the existing Bitcoin protocol code; that is for sure. But the block size issues have been going on long enough, and there is no need to delay things longer than need be.

Image credit 1

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Published by
JP Buntinx

Recent Posts

Top 5 DeFi Coins to Watch for 2022

The DeFi sector of cryptocurrency is valued at over $168 billion, with over $10 billion…

8 hours ago

AMC CEO Announces Plans to Accept Shiba Inu via Bitpay in the Next 2-3 Months

In a twitter post yesterday, Adam Aron, CEO of AMC Theaters, announced the company's plans…

12 hours ago

Loopring and Gamestop – What Is Up with These Two?

Loopring and Gamestop are two entities that, at first glance, seem very different. One is…

13 hours ago

The Safest Methods to Deposit into Online Gambling Accounts

The rise of online betting is plagued with inevitable setbacks. One of which is the…

13 hours ago

GenshinShibInu Price Up Over 3000% After PancakeSwap Listing

GenshinShibInu (GSHIB) is the latest meme coin that gained over 3000% in the past 24…

13 hours ago

Top 5 Hottest Metaverse Projects Right Now

As the Metaverse trend picks up, we see more and more emerging projects entering the…

15 hours ago

This website uses cookies.