Bitcoin segwit activation

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Bitcoin Segwit Activated
Approximately on Thursday, August 24th, Segregated Witness (SegWit) will activate on the Bitcoin network. This is a highly anticipated moment for Bitcoin. Still, it wasn't activated on the Bitcoin network until August The original activation plan required a supermajority of BTC miners to. Bitcoin before SegWit Before SegWit activation, Bitcoin's block capacity had remained unchanged for many years. Block capacity refers to the maximum number of.

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Most still thought Segregated Witness could not be implemented on Bitcoin's main chain without a hard fork. 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. These fake blocks would be detected, but doing so would take a very long time, slowing down the whole system. Innovating since we founded the industry in with production of the first crypto hardware wallet, the Trezor One.