It is true that Segregated Witness (SegWit) was enabled in Aryacoin during the Version 3 upgrade, and it provides several benefits to the network. One of the most significant advantages of SegWit is that it reduces the potential for transaction malleability, which is when a transaction ID can be changed without altering the transaction's content.
However, as you mentioned, the most important benefit of SegWit is that it allows for an increase in block capacity in Aryacoin. By moving certain data (such as signatures and redeem scripts) into a separate structure called a witness, this data no longer counts towards the traditional 1 MB block size limit. Instead, a new weight parameter is defined, allowing for blocks to have up to 4 million weight units.
By allowing for technically larger blocks without a hardforking change, SegWit enables the network to accommodate more transactions per block, which is particularly important for the upcoming Lightning Network and OmniLayer transactions. Additionally, the reduced mining power required to mine blocks means that mining rewards may be higher for miners.
Overall, SegWit is an important upgrade that has provided several benefits to Aryacoin and helps to ensure the network can continue to grow and evolve.
https://aryacoin.io/
Topic: [ANN] Aryacoin[AYA] | Segregated Witness On Aryacoin Network (Read 62 times)
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