Bitcoin’s miners recently locked-in the Segregated Witness (SegWit) upgrade, as well as it volition live on automatically activated at the adjacent difficulty adjustment inwards virtually a week. SegWit represents a major upgrade to the network past times itself, but it too enables fifty-fifty farther improvements such equally the lightning network.
Many are hoping that SegWit’s activation volition final result inwards farther toll appreciation. Traders are eyeing the illustration laid past times Litecoin, whose price doubled in simply 4 months next its SegWit activation.
Segregated Witness is a alter inwards Bitcoin’s code that volition let certainly information inside each block to live on separated, or segregated, from ordinary transaction data. It effectively increases the size of Bitcoin’s blocks. SegWit too fixes Bitcoin’s transaction malleability problem. The malleability cook is extremely of import because it volition enable the deployment of the lightning network, enabling farther scaling.
The Segregated Witness code was originally designed for Bitcoin, but Litecoin was the commencement major virtual currency to activate it.
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CoinTelegraph
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