Question about Bitcoin Core 0.16.0 | Bitcointalksearch.org

:wq

copper member

Activity: 258

Merit: 49

Quote from: Herbert2020 on February 27, 2018, 12:27:38 AM

Quote from: :wq on February 26, 2018, 11:57:29 PM

I have been reading a lot of new sources lately that there will be full support for segwit2x with the update,

you need to change your sources then because what you say doesn't even make sense. it seems like someone was trolling you! there is no SegWit2x anymore, there hasn't been any for months now.

Quote

which should solve a lot of the network congestion and fee issues currently being experienced,

what issues?!!!

Thanks for clearing this up.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: numizmat on February 27, 2018, 12:45:30 AM

Quote from: :wq on February 26, 2018, 11:57:29 PM

Is my understanding correct that even with full support, the network might not change anytime soon, or at least until large operators start converting to segwit2x wallets?

Both biggest cryptocurrency exchanges, Coinbase and Bitfinex, have already confirmed that they are going to launch the SegWit protocol on their websites. This is confirmation that the market is ready for the new technology: Bitcoin Core 0.16.0 Introduces Full Support for SegWit - Crucial Milestone in Bitcoin’s History

SegWit and SegWit2x are not the same thing. the names are clearly different so are the projects. SegWit2x was an old proposal which shared the first part (being SegWit) with SegWit and then it had a second part which was the 2x part (being the increase of block size to 2 MB). it gained support for the first part and activated it but didn't gain enough support from community for the second part so it never was activated and the proposal was abandoned for now.

the news you are quoting is simply saying the full support for SegWit is now added in one of the bitcoin clients called bitcoin core. this has nothing to do with SegWit support itself, it was active ever since September 2017 and it certainly has nothing to do with SegWit2x.

numizmat

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Quote from: :wq on February 26, 2018, 11:57:29 PM

Is my understanding correct that even with full support, the network might not change anytime soon, or at least until large operators start converting to segwit2x wallets?

Both biggest cryptocurrency exchanges, Coinbase and Bitfinex, have already confirmed that they are going to launch the SegWit protocol on their websites. This is confirmation that the market is ready for the new technology: Bitcoin Core 0.16.0 Introduces Full Support for SegWit - Crucial Milestone in Bitcoin’s History

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: :wq on February 26, 2018, 11:57:29 PM

I have been reading a lot of new sources lately that there will be full support for segwit2x with the update,

you need to change your sources then because what you say doesn't even make sense. it seems like someone was trolling you! there is no SegWit2x anymore, there hasn't been any for months now.

Quote

which should solve a lot of the network congestion and fee issues currently being experienced,

what issues?!!!

:wq

copper member

Activity: 258

Merit: 49

With full segwit support coming to bitcoin core 0.16.0 does that mean that network transactions and fees will be lower to segwit compatible wallets? How many services are segwit ready? Is it only segwit to segwit wallets that have these lower fees and faster transactions or is it the entire network?

Topic: Question about Bitcoin Core 0.16.0 (Read 130 times)