What is segwit | Bitcointalksearch.org

1miau

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Quote from: bitmover on April 25, 2019, 10:06:55 AM

Quote from: daneal stev on April 25, 2019, 09:36:57 AM

What is the title segwit and how it is created please help

To know if someone is using segwit (and lower fees) you just need to look at their addresses: if it starts with 3 or bc, it's segwit. If it starts with 1 it's not segwit (legacy)

mikeywith has posted a very nice guide about how to verify if a BTC address starting with 3 is segwit, because it's not always SegWit if it starts with 3, can also be multisig: https://bitcointalksearch.org/topic/btc-addresses-starting-with-3-what-are-they-simplified-explanation-5133475

Prefix	SegWit?
________	___________________
1…	Never
3…	maybe (how to verify here)
bc1q…	always

r1a2y3m4

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What I know about segwit is that it was made to remove some unimportant data on your transaction and this thing will make your transaction faster because it reduces the data of it. Not only it removes data, it also diminish a little bit of fees.

Quote from: daneal stev on April 25, 2019, 09:36:57 AM

how it is created please help

It's easy download electrum. Electrum supports segwit address.

Baofeng

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Segwit is a method of scaling the Bitcoin network to confirm more transaction on each block without increasing the block size itself.

Thank you very nice. But this is a copy paste so say good-bye to your account my dear:

Quote

To conclude Segwit is a method of scaling the Bitcoin network to confirm more transaction on each block without increasing the block size itself. I hope you enjoyed this video, and I’ll see you in the next one. Bye for now!

From [Video] What is Segwit? (Segregated Witness)
https://99bitcoins.com/what-is-segwit-segregated-witness/

Maybe the threads below can help you out:

[1] What is SegWit?
[2] what is Segwit and Legacy wallet means?
[3] What is the difference between Segwit? Native Segwit? Legacy? Which one better?
[4] A "beginner" guide about segwit

jademaxsuy

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At least I am aware of it also since I do not know what is segwit all about. Now, it seems very technical but to what I understand clearly for short is to create more transactions. Well that will do because more and more traffic on block chains as of present due to a huge number of users also doing transaction. Bitcoin has garnered more and more users over the past years. This is why there are huge traffic in bitcoin transactions.

bitmover

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Quote from: daneal stev on April 25, 2019, 09:36:57 AM

What is the title segwit and how it is created please help

For a newbie user, without any past knowledge on Bitcoin, you don't need to understand details about segwit.

Segwit is just an upgrade on the code to allow more transactions to be fit in the same block, reducing transaction fees. To know if someone is using segwit (and lower fees) you just need to look at their addresses: if it starts with 3 or bc, it's segwit. If it starts with 1 it's not segwit (legacy)

CryptoInsights

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SegWit stands for Segregated Witness. SegWit is a software improvement proposed by the Bitcoin Core developers.

Segregated Witness Benefits: https://bitcoincore.org/en/2016/01/26/segwit-benefits/
Segregated Witness Wallet Development Guide: https://bitcoincore.org/en/segwit_wallet_dev/

You can go through these article to know about the benefits and also how to implement.

AdolfinWolf

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I can explain it to you, but i think it's better if you google it yourself instead, and come up with the questions that might remain.

See some of the links below that i found through a quick google search:

https://www.youtube.com/watch?v=OFfBRzh9HmU
https://en.wikipedia.org/wiki/SegWit
https://www.bitdegree.org/tutorials/what-is-segwit/
https://en.bitcoinwiki.org/wiki/Segregated_Witness

QueenVera

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Read through this article you'll understand what segwit is,

Quote from: https://www.investopedia.com/terms/s/segwit-segregated-witness.asp

SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain.Segregate means to separate, and Witnesses are the transaction signatures. Hence, Segregated Witness in short, means to separate transaction signatures.

daneal stev

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What is the title segwit and how it is created please help

Topic: What is segwit (Read 206 times)