13% of Nodes Support SegWit Release, BitGo Runs Core 0.13.1
Last week, Bitcoin Core version 0.13.1 was released, officially bringing Segregated Witness (SegWit) to Bitcoin. 4 days in, 13.7% of Bitcoin nodes has already upgraded to Bitcoin Core 0.13.1, supporting the activation of SegWit. SegWit is an innovative scaling technology developed and introduced by the Bitcoin Core development team. Once it reaches a soft fork activation threshold, it will separate the transaction signatures from the initial transactional data, which immediately increases the capacity of blocks and eliminate transaction malleability. Like all soft forks, the SegWit release....
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As the final release date of Segregated Witness approaches, more Bitcoin platforms are preparing to support the innovative scaling solution from Bitcoin Core. Electrum, an open source Bitcoin wallet application launched in 2011, is officially introducing support for SegWit in its next release. Once SegWit is adopted by leading wallet applications such as Electrum, the Bitcoin network is presumed to experience an observable change in the average size of blocks, as a significant amount of transactional data is removed from the traditional block structure. Although SegWit creates a major....
Over the past month, many Bitcoin exchanges, startups and experts weighed in on the debate between Segregated Witness (SegWit) and Bitcoin Unlimited (BU) supporters. The main claim of SegWit supports is that nearly 60 percent of nodes within the Bitcoin network are supporting the activation of SegWit. According to 21 Inc’s Bitnodes, approximately 56 percent of all Bitcoin nodes are in support of Bitcoin Core 0.13.0 and the other two minor updates of Bitcoin Core which includes SegWit support on testnet. What is the debate about exactly? In comparison, BU supporters and developers,....
Bitcoin network data shows that 25% of nodes worldwide are now running code for Segregated Witness. Proposed late last year as a means to scale the bitcoin network, the upgrade was released last month by the volunteer development community Bitcoin Core in its latest software version. SegWit was put forward in a bid to increase the network’s transaction capacity without increasing the block size limit, drawing both praise and criticism from some quarters of the community amid a contentious debate. Network data suggests that the software version including SegWit is now the most commonly used....
The Bitcoin Core development team has fixed most of the issues related to SegWit v 0.13.1 software package, expected to go live on November 15, 2016. The Bitcoin protocol may soon expect few changes to happen for good. Segregated Witness, also known as SegWit, which happens to be one of the scalability solutions is finally ready for release. The Bitcoin Core development team has reportedly fixed most of the issues related to SegWit v 0.13.1 software package. The latest version is almost ready to go live in its current state by Monday. However, it may take at least a year for it to be....
Amid a spike in transactions and price hike, the Bitcoin Core team has released its version 0.13.1 update. Notably, this release is the first to implement Segregated Witness transactions in the Bitcoin protocol. While controversial, SegWit is one step towards freeing up a degree of block space. Bitcoin has suffered full blocks and backlogs intermittently....