Why Bitcoin’s Big Upgrade Is A Blockchain Game

Some bitcoin users still believe SegWit is the wrong choice, and they’re so adamant about this that they forked the bitcoin blockchain (creating a new version entirely). Called bitcoin cash, the blockchain eliminates SegWit in favor of other scaling tech. Now, bitcoin and bitcoin cash are competing,

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Find answers to recurring questions and myths about Bitcoin.

It is, however, not entirely ready to scale to the level of major credit card networks.

Given the importance that this update would have, it can be safely expected that it would be .

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SegWit Goes Live: Why Bitcoin's Big Upgrade Is a Blockchain Game-Changer · Alyssa HertigAug 23, 2017. SegWit will finally activate on bitcoin today after years .

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It’s hard to say what triggers mass scale market adoption. In Bitcoin’s case, things actually started through use on the dark web, where people used Bitcoin to pay for drugs and other illegal stuff. Since then, more people have begun to research Bitcoin and blockchain, and have seen the benefits they offer; either in practice or as an investment.

The blockchain technology is a relatively new approach in the field of information technologies. As one of its first implementations, bitcoin as a cryptocurrency has gained a lot of attention. Together with Ethereum, blockchain implementation with focus on smart contracts, they represent the very core of modern cryptocurrency development.

While there are a few enthusiasts who are experimenting with building applications, there is still one missing piece of that puzzle and that is to be: scalability. What that means is that blockchains are limited in their ability to scale. Of cours.

In the wake of the announcements of Facebook’s Libra and the Chinese government’s intention to have a Central Bank Digital.

20 Feb 2018.

The latest version of Bitcoin Core (0.16.0) provides “full support” for the popular Bitcoin network scaling upgrade Segregated Witness ('SegWit').

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