Segwit Quesitons , How to activate it?

ranochigo

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Quote from: puremage111 on May 23, 2017, 09:41:24 PM

2) If i am not mistaken, in order to activate segwit, the mining pool support towards segwit will need to hit 95%? Is this how the activation works?

There are 26 activation periods with 2016 blocks in a period. Mining pools have to place a segwit flag in their block to show support. Once there is 95% of segwit blocks in a period, segwit will be activated after the next period.

Quote from: puremage111 on May 23, 2017, 09:41:24 PM

3) In this case, we are still far away from activating Segwit isn't it?

Yes. If 95% of the miners don't show support for it, segwit wil not be activated.

Quote from: puremage111 on May 23, 2017, 09:41:24 PM

But base on here : https://bitnodes.21.co/nodes/
4) It shows that 70% of the miners are on the bitcoin core network (Segwit), do we need 95% of the nodes to be in Bitcoin Core to activate segwit too?

No. Only the miners have to signal support for it to be activated. The activation of segwit will not cause backwards compatibility issues. If you don't like segwit, you can use the client just as it is, without any upgrade. You will not be able to reap the benefits of segwit however.

franky1

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I don't think that Bitcoin price increase is related with Segwit, though you pointed out good questions here and I'm also wondering. Especially data on https://coin.dance/blocks

Btw yes Emergent Consensus is Bitcoin unlimited.

BTW emergent consensus is not only bitcoin unlimited but others too... only you wont hear about them because of the reddit scriptwriters turning everything into a 2 brand civil war about who should be king (facepalm)

25hashcoin

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Convince Blockstream/Core to increase block size and segwit will be activated. Otherwise we will just skip segwit and activate bigger blocks.

puremage111

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Recently bitcoin price surged and raise very aggressively compare to their past history

One of the major reason is due to Segwit

Therefore, few questions here

When i look at the site : https://coin.dance/blocks

41.6% Support Emergent Consensus
32.8% Support Segwit
9.6% Support Extension Blocks
9.3% Support BIP100

1) Emergent Consensus = Bitcoin unlimited?
2) If i am not mistaken, in order to activate segwit, the mining pool support towards segwit will need to hit 95%? Is this how the activation works?
3) In this case, we are still far away from activating Segwit isn't it?

But base on here : https://bitnodes.21.co/nodes/
4) It shows that 70% of the miners are on the bitcoin core network (Segwit), do we need 95% of the nodes to be in Bitcoin Core to activate segwit too?

I have read : https://99bitcoins.com/bitcoin-fork-segwit-vs-bitcoin-unlimited-explained-simply/
It stated that Segwit shrink transaction size in a block but doesn't increase block size, as this will only requires a soft fork.

But when i read : https://cointelegraph.com/news/bitcoin-scaling-consensus-reached-commentary-from-industry-leaders
It states that

"They have agreed to collectively enable the SegWit proposal for Bitcoin scaling, effective immediately. Additionally, their proposed solution includes a countdown to another hard fork, which will enable an increase of the block size limit to 2MB - as opposed to the current limit of 1MB."

5) In this case, they are applying both BTU (Increase Block Capacity) + Segwit (Shrink Transaction Size) Activation towards bitcoin? which required a hard fork?

Topic: Segwit Quesitons , How to activate it? (Read 490 times)