What is Segwit? Segregated Witness Explained Simply

Start trading Bitcoin and cryptocurrency here: bit.ly/2NLdWQU 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: bit.ly/2m1FWBX Join our 7-day Bitcoin crash course absolutely free: bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel: bit.ly/2BVbxeF See anything we haven't covered? Leave us a comment in the comment section below

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