Tag: Segwit

SegWit Adoption Surpasses 7%, Bitcoin Is Scaling at a Rapid Rate

The percentage of Segregated Witness (SegWit)-enabled bitcoin transactions has surpassed the seven percent mark, as SegWit continues to scale the bitcoin network drastically beyond the capability of a 2MB block size increase. According to various bitcoin data providers including Blockchain.info, the average bitcoin block size has been at around 0.9MB and the size of the bitcoin mempool, the holding area for unconfirmed transactions, has been below 12 million bytes for …
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Top 3 Changes Introduced by the OpenBazaar 2.0 Beta Client

Cryptocurrency enthusiasts worldwide thoroughly enjoy the OpenBazaar protocol. Being able to buy or sell anything with Bitcoin through a peer-to-peer marketplace protocol serves a great need in the Bitcoin ecosystem. A new beta client for OpenBazaar 2.0 has been released and is nothing to sneeze at. It boasts some major changes that will improve the original concept and add new functionalities that were requested by users. Below are some of the most important changes in OpenBazaar 2.0. …
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Analyzing the 3 Reasons Charlie Lee Opposes Segwit2x

Charlie Lee, the creator of Litecoin, is against the execution of the Bitcoin SegWit2x hard fork in November due to three major areas he feels are lacking: urgent need, replay protection, and consensus. Over the past two weeks, several experts including ShapeShift founder and CEO Erik Voorhees expressed their optimism regarding the November fork. Segwit2x is the scalability proposal introduced by a consortium of 58 companies led by Digital Currency Group to increase …
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The Number of Bitcoin Network SegWit Transactions Remains Very Small

Now that Segregated Witness has been deployed on the Bitcoin network, the scaling debate has officially been solved. That would be the case, assuming there were at least some SegWit transactions on the Bitcoin blockchain. So far, it seems that has not been the case. Over the past few days, we have seen around 1% of network transactions showing SegWit activity. This is a disappointing number, although things are improving slowly. SegWit Bitcoin …
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