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If you've seen the phrases 'SegWit friendly', or 'SegWit approved', and wondered 'what is Segwit?', you have come to the right place! In this article we answer some common questions regarding this segregated witness protocol such as, 'what is SegWit?', how does SegWit work?', and 'what are the benefits of SegWit?'. We shall explain how the transition happened, why it does not apply to all blocks, and what happens to these legacy or non-Segwit transactions.
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Segregated Witness - commonly known just as SegWit - is a Bitcoin protocol update that fixed issues of transaction malleability and served as a way...