SumoStrength
Tue Oct 01 2024
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7 answers
1301
What is seggsy?
Excuse me, but I believe you might have made a typo there. I'm assuming you meant to ask about "SegWit," which stands for Segregated Witness. Can you confirm if that's what you were referring to? If it is, SegWit is a soft fork upgrade to the Bitcoin blockchain network that was introduced in 2017. The main purpose of SegWit was to improve the scalability and transaction throughput of Bitcoin by segregating the witness data, which is the cryptographic signature that verifies a transaction, from the transaction itself. This allowed for more transactions to be included in a single block, thereby increasing the network's capacity and reducing transaction fees. Is there anything else you'd like to know about SegWit or any other cryptocurrency-related topic?
