What is Segwit? Segregated Witness Explained Simply

Support our channel by using the Brave browser, browse up to 3 times faster, no ads, get rewarded for browsing: http://bit.ly/35vHo0M

Segwit is an upgrade to the Bitcoin protocol that separates the digital signature (also known as “the witness”) form the transaction. This creates a fix to several issues with the Bitcoin protocol and also allows for more transactions to fit within a 1mb block.

That’s Segwit in a nutshell. If you want a more detailed explanation watch the complete video, here’s what I’ll cover:

0:46 – What is Segwit?
1:06 – Bitcoin transactions in a nutshell
1:36 – Bitcoin’s scalability issue
1:52 – Bitcoin’s malleability issue
3:29 – Malleability exploit example
4:24 – How Segwit works
4:54 – Legacy tx vs. Segwit tx
5:25 – Segwit advantages
5:57 – Soft fork vs. Hard fork
7:08 – Block weight explained
8:56 – Legacy vs. Segwit continued
9:12 – Segwit support
9:39 – Conclusion

For the complete text guide visit:
http://bit.ly/2m1FWBX

Join our 7-day Bitcoin crash course absolutely free:
http://bit.ly/2pB4X5B

Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel:
http://bit.ly/2BVbxeF

Get the latest news and prices on your phone:
iOS – https://apple.co/2yf02LJ
Android – http://bit.ly/2NrMVw2

See anything we haven’t covered? Leave us a comment in the comment section below

(Visited 177 times, 1 visits today)

You might be interested in

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

kusama
Kusama (KSM) 284,96 6,98%
compound-governance-token
Compound (COMP) 291,98 8,90%
dash
Dash (DASH) 141,96 10,00%
zcash
Zcash (ZEC) 94,70 10,24%
yearn-finance
yearn.finance (YFI) 25.053,99 6,33%
bitcoin
Bitcoin (BTC) 36.589,13 4,85%
ethereum
Ethereum (ETH) 2.506,97 7,04%
tether
Tether (USDT) 0,853570 0,02%
cardano
Cardano (ADA) 1,95 2,49%
xrp
XRP (XRP) 0,804299 5,92%
dogecoin
Dogecoin (DOGE) 0,179247 7,37%
polkadot
Polkadot (DOT) 26,84 5,66%
usd-coin
USD Coin (USDC) 0,853570 0,16%
uniswap
Uniswap (UNI) 16,85 8,61%
bitcoin-cash
Bitcoin Cash (BCH) 438,76 7,32%
chainlink
Chainlink (LINK) 19,91 8,26%
matic-network
Polygon (MATIC) 0,964534 8,28%
solana
Solana (SOL) 119,50 7,08%
litecoin
Litecoin (LTC) 130,07 8,09%
stellar
Stellar (XLM) 0,241517 7,50%
ethereum-classic
Ethereum Classic (ETC) 40,82 7,75%
eos
EOS (EOS) 3,46 7,63%
tron
TRON (TRX) 0,079213 6,84%
filecoin
Filecoin (FIL) 54,12 15,14%
aave
Aave (AAVE) 240,25 9,17%
monero
Monero (XMR) 200,54 5,41%
dai
Dai (DAI) 0,853570 0,16%
tezos
Tezos (XTZ) 6,08 13,11%
cosmos
Cosmos (ATOM) 36,50 2,23%
algorand
Algorand (ALGO) 1,52 10,32%