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21 Feb 2018.
SegWit is an optional update, and only 14% of bitcoin transactions use it.
The SegWit update was released by the Bitcoin Core team in August and has slowly.
SegWit speeds up transaction times and lowers mining fees.
A hard fork is a change that is so radical that it makes the new chain incompatible.
All the miners use their computing power to look for new blocks to add to the.
Think of soft fork as an update in the software which is backward compatible.
The users of Bitcoin Core only accept transactions for that blockchain, making it the.
According to them, since Segwit would be a soft fork as opposed to a hard fork,
Although this new node type does not store the complete blockchain, it can independently verify the transactions on the sub-chain it is tracking, which gives it the.
Except newer versions of software make sure that only the intended people.
Why We Must Oppose Core's Segwit Soft Fork, Bitcoin Miner Jiang Zhuo'er Tells You Why!.
As a result, a new block will be accepted by the old nodes because they.
only logical alternative is bigger blocks, which is the best option regardless.
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