Segregated Witness, or SegWit, is the name used for an implemented soft fork change in the transaction format of the cryptocurrency Bitcoin which has also been implemented on currencies such as Litecoin, DigiByte and Vertcoin.

The formal title “Segregated Witness (Consensus layer)” had Bitcoin Improvement Proposal number BIP141 The purpose was to solve malleability. It was also intended to mitigate a blockchain size limitation problem that reduces Bitcoin transaction speed.

It does this by splitting the transaction into two segments, removing the unlocking signature (“witness” data) from the original portion and appending it as a separate structure at the end.

The original section would continue to hold the sender and receiver data, and the new “witness” structure would contain scripts and signatures. The original data segment would be counted normally, but the “witness” segment would, in effect, be counted as a quarter of its real size.

Bitcoin Lightning Network Mainnet Reaches 1,000 Active Nodes
March 13th, 2018

With the ongoing speed of the development of Lightning Network, analysts believe that the official release of the first version of the mainnet can occur anytime soon.

Bitcoin Transactions Using SegWit Are on a Steep Rise
March 1st, 2018

Soon after the full-SegWit support in the Bitcoin software update, the Bitcoin transactions using SegWit have doubled in just past two days.

The Latest Bitcoin Core Software Update Comes with Full-Segwit Support
February 27th, 2018

The Full-SegWit support to the Core Bitcoin software has been officially confirmed by core developer Peter Todd.

Coinbase and Its GDAX Exchange Launches Full SegWit Support
February 26th, 2018

Coinbase and GDAX have adopted SegWit, which means that all their users will soon have an opportunity to enjoy lower fees and faster Bitcoin transactions.

Cryptocurrency Exchange Bitfinex Adopts SegWit, While Coinbase Launches It Next Week
February 21st, 2018

Bitfinex and Coinbase now support SegWit. Bitcoin investors can expect to see lower fees and faster processing times, but please remember that SegWit has been implemented for Bitcoin only, and not Bitcoin Cash.

Coinbase Will Launch SegWit for Bitcoin in the Next Few Weeks
February 6th, 2018

In a few weeks, Coinbase will offer their customers an update on Bitcoin SegWit which is expected to improve transaction capacity of the Bitcoin network.

One of a Kind Blockchain Solutions and Services Ecosystem LuxCore Kick-Starts the New Year with Massive Updates
January 10th, 2018

LUXCORE is a unique Enterprise focused Blockchain Ecosystem and it’s open source public blockchain asset, LuxCoin has the potential to become a leading cryptocurrency due to the implementation of new features including Smart Contracts and SegWit aimed at enhancing the blockchain’s usability and transaction speeds.

Twist in The Plans of SegWit2x, Possibility of a Hard Fork Looms Over
November 17th, 2017

In a fresh new twist in the plans of SegWit2x hard fork, there is every possibility for the hard fork to go through in the near time.

Bitcoin Price is Rising Above $4,700 Despite Upcoming SegWit2x
October 9th, 2017

The value of the digital currency reaches a 30-day high amid warnings of high volatility it could experience after SegWit2x activation next month.

‘Bitcoin Price Could be Heading to $6,000 by End of the Year,’ Says Gatecoin’s Analyst
October 4th, 2017

Industry top analysts express their optimism regarding bitcoin’s short-term price trend, saying its price may reach $6,000 by the end of the year.

Bitcoin’s Rally Simplified After the Infamous Hard Fork
September 20th, 2017

Last month’s much spoken hard fork has seen Bitcoin price rally to reach new all time high of $5000. Let’s try to understand the possible reasons behind the rally and the future prospects for Bitcoin and Bitcoin Cash – forked version of Bitcoin.

Lightning Network Daemon 3.0 Features Notable Changes
August 25th, 2017

Developers behind Lightning Labs released the 0.3 alpha version of the Lightning Network Daemon, offering a number of new features including Bitcoin & Litecoin swaps.

Segregated Witness (SegWit) for Bitcoin Activated: How Things Will Change
August 24th, 2017

Processed block 481,824 brought debates over the code upgrade to an official close, enabling users to take advantage of the long-promised SegWit technology.