What the fork is SegWit? Everything you need to know about Bitcoin scaling

Tech 13-9-2017 The Next Web 25

If you’ve been wondering about why Bitcoin transactions have been slowing down lately, that’s because it is reaching its limit in terms of block size. In August this year, the Bitcoin Core developers finally implemented SegWit on the Bitcoin Blockchain, thus making the platform faster and more scalable. To put simply, the SegWit modification provides a way to get more transactions committed faster by changing which data is stored within each block and which is segregated. But to really understand what it means, let’s take a step back and understand the concept of the blockchain and what blocks are. What…

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