Sentences with phrase «segwit did»

But, segwit didn't originate as a method by which to scale the bitcoin network.

While doubling Bitcoin's block size would (probably) decrease average fees and / or confirmation times, the recent activation of SegWit did already decrease both quite a bit.

Unfortunately, SegWit did not get the necessary support from miners which led the «User - Activated Soft Fork» or UASF, a fork that aimed to compel miners into signaling approval for SegWit, by rejecting blocks that did not contain this signal.

So, SegWit does not increase the block size limit, but it does enable a greater number of transactions within the 1 MB blocks.

But more importantly, SegWit does not fundamentally understand — let alone appreciate — that the true value of bitcoin lies in the relationship between use and demand, said Dr. Craig Wright, chief scientist for nChain.

While Charles claimed he was happy to see progress made on the eventual activation of Segregated Witness (SegWit) via the activation of BIP 91, he also added, «SegWit doesn't go far enough.»

I crunched the numbers for the potential benefit that miners can get from AsicBoost, and I think SegWit doesn't change that much.

«SegWit doesn't solve the problem we have right now which is an urgent need for on - chain scaling,» said Yours CEO Ryan X. Charles, who supports Bitcoin Cash's technical roadmap.

Not exact matches

The problem is that some developers are now saying SegWit can do the same thing, and are backing away from the scheduled implementation in November.

Yang is an operator of one of the newer mining pools, but has already generated complaints for his favored stance - that SegWit has little to do with scaling and that all the main devs should be fired.

And that version of Bitcoin does not have a Segwit.

Bitcoin didn't even show all his SegWit benefits (internal) and it already has upcoming news.

«I do believe having SegWit activate on Litecoin will help make that possible on Bitcoin too.

Since SegWit isn't looking like a sure thing, have you looked into implementing payment channels as a centralized service similarly to what they are doing with the Yours Network?

If more than 50 % of the operators and miners don't convert to the new BIP 91 software, there is a chance that Segwit couldn't go through as planned.

Bitcoin ABC has contained within its release a dynamic difficulty adjustment, does not include SegWit, and increases the block size to 8 MB.

Bitcoin Cash has a block size of 8 MB compared to 1 MB for bitcoin and does not have segwit.

Although SegWit adoption has since brought them back to normal levels, the damage was done: many retailers ditched Bitcoin in favor of Bitcoin Cash or other alts.

Pictured above is the new option for choosing the address type on Ledger Bitcoin Wallet IMPORTANT: If you do not wish to use SegWit, or if you are not sure about anything, just click on the LEGACY button and you'll access and manage your accounts as it was before.

When computing a SegWit signature, the previous transactions do not need to be processed by the device, and each input is only processed once during the signature process, leading up to a 60 % time optimization in the signature process.

If wishing to upgrade, Ledger users can recreate the same account naming and structure on the SegWit branch and move funds from the legacy branch to the SegWit branch by doing a normal bitcoin transaction.

As previously reiterated, the pool does not think SegWit properly addresses network capacity, which they explain «is now the most urgent issue for [b] itcoin.»

For new users of Bitcoin, SegWit may seem like a meaningless buzzword that does not hold any value.

While the upgrade does enable a greater number of transactions in bitcoin's blocks, SegWit's initial intention was to fix a bug in the bitcoin code called transaction malleability.

While Bitfinex and Coinbase announced recently they are adopting SegWit, Coinsquare does not have any plans to follow suit just yet.

That said, it is probably wise not to send huge amounts of bitcoin to SegWit addresses straight away, and instead wait at least a couple of hours or maybe days to do so.

And, the incompatibility between (covert use of) AsicBoost and Segregated Witness could explain why Wu was supportive of extension blocks, a recent proposal that appears to have little (if any) benefit over SegWit... except that extension blocks don't break covert use of AsicBoost.

If things had gone differently, users, mining pools, and companies running the BIP 148 nodes would have started rejecting blocks that did not signal support for SegWit yesterday.

Jeff Garzik, the former Bitcoin Core contributor — who would soon after found his own development company Bloq — did not consider SegWit a sufficient short - term scaling solution.

Vertcoin developer and project manager «etang600» emphasized, however, that this had nothing to do with SegWit itself — only with how they implemented it.

That means that implementing the system on the bitcoin network would require a soft fork to add new codes to the script, just as other proposals such as SegWit would do.

While the development aspect of the SegWit rollout process appears to be nearly over, there still is work to be done on figuring out how this change will be activated in a timely manner.

«We do plan to support SegWit.

«For example, remote procedure calls could request SegWit transactions, while at the same time rejecting these transactions because they didn't expect to get them.»

Although SegWit adoption has since brought them back to normal levels, the damage was done: many retailers ditched Bitcoin in favor of Bitcoin Cash or other alts.

If some users don't like SegWit, for example, they can choose not to upgrade.

«SegWit as a soft fork is about as safe as the CSV soft fork was — and you don't hear anyone complain about that.»

And while SegWit looks to enable a bright future for bitcoin, it doesn't exactly bring an end to the debate and politics that have mired the community for years.

And they do not support SegWit.

Until SegWit, LN, and Confidential Transactions, I didn't see a need for Litecoin to come out to help test features before they are on Bitcoin.

Specifically, they will reject any Bitcoin blocks that do not signal support for Segregated Witness (SegWit), the centerpiece of Bitcoin Core's scaling roadmap.

Bitflyer CEO Yuzo Kano, for instance, said he didn't know if SegWit would be «sufficient» to fix the «block size issue» stating that he is «pro bigger blocks» because he believes it would make bitcoin more user friendly.

Despite all the recent hype, though, it's hard to say if SegWit will ever activate on litecoin, even if it's close to doing so.

«I think Bitcoin Core is making the right trade - off to do SegWit as a soft fork,» Lee said.

When SegWit was initially implemented on August 1, the blockchain did undergo a hard fork (totally separate from the fork that was supposed to occur in November).

One minute the community thinks SegWit is about to activate, the next it doesn't seem so clear.

When SegWit finally activated last week, the code change didn't immediately make its benefits possible.

«The Bitcoin Core team believes doing a hard fork at the present time is needlessly risky, and is instead pursuing SegWit via a soft fork for a similar sized potential gain in throughput.»

But it doesn't stop there, because according to one expert, SegWit's technical changes could also pave the way for legal issues.

He noted that DLC does not require any changes to bitcoin, but it (like many others in the space) will work better when a coding optimization known as SegWit is activated on bitcoin - if it ever is.