Segregated Witness (SegWit)

An interaction where the transaction marks are isolated from bitcoin transactions. Permitting more transactions to fit inside one block.

Features

• SegWit was likewise expected to tackle a blockchain size limitation problem that decreased Bitcoin transaction speed.
• Segregated Witness (SegWit) alludes to a change in Bitcoin's transaction design where the witness data was taken out from the information field of the block.
• The stated purpose of Segregated Witness is to prevent non-deliberate Bitcoin transaction malleability and consider more transactions to be stored inside a block.

FAQ

Is SegWit Secure?

SegWit improves the security of Bitcoin's blockchain by preventing transaction malleability — the ability to change small snippets of data in a block.

Is SegWit a Soft Fork?

SegWit is a soft fork of the Bitcoin blockchain. Soft forks are changes that don't make a new blockchain, while a hard fork does.

Why Was SegWit a Good Idea?

The cryptocurrency community actually discusses whether SegWit is positive or negative, however security upgrades and diminished transaction times benefit the blockchain, excavators, and hubs that acknowledge it. SegWit prompted the implementation of Taproot, an upgrade to Bitcoin based upon SegWit that takes into account even quicker validation.