Will Bitcoin Activate SegWit?

in #bitcoin7 years ago (edited)

segwit-litecoin.png

Short answer, absolutely!

As you may or may not know, Bitcoin network has a scaling issue resulting in high transaction fees and slow performance. Transactions can take 10 minutes to hours in some cases. With this performance Bitcoin cannot compete with alt-coins in the short term, therefore now is the time to save Bitcoin before it's ran over with the innovation of Alt Coins.

SegWit code proposals are already being posted https://goo.gl/iDJy6g

Here are some benefits SegWit will bring to the Bitcoin network:

  1. You can watch transaction with a txid
  2. Lighting Network
  3. Smart Contracts
  4. Larger block size
  5. Built in exchange

Don't worry about Bitcoin getting a hard fork, the market will determine itself as it did with Ethereum and Ethereum Classic.

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