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What is SegWit?

SegWit (short for Segregated Witness) is a protocol upgrade that changes the way data is stored. It was activated on litecoin on May 10, 2017, and on bitcoin on 23 August, 2017. Developer Pieter Wiulle first presented the idea at the Scaling Bitcoin conference in December 2015. Many hailed it as a long-awaited solution to bitcoin's scaling problem. The maximum block size in the …

Can Bitcoin Scale?

A few years after Satoshi Nakamoto unleashed his bitcoin paper on the world, the cryptocurrency's users began to notice a potential problem: bitcoin wasn't very liquid. For a system that many claimed could replace fiat payments, this was a big barrier. While Visa handles around 24,000 transactions a second, bitcoin could process up to 7. Unless something could …