Published On: Thu, Aug 24th, 2017

Segregated Witness Activates on Bitcoin: This is What to Expect

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The Segregated Witness (SegWit) soft fork has activated on the Bitcoin network.As of block height 481,824, found at 1:57 UTC by BTCC, all SegWit ready nodes started enforcing the new SegWit consensus rules. As Bitcoin’s biggest protocol upgrade to date, this introduces a whole new data structure, which changes the appearance of Bitcoin blocks for upgraded nodes — though non-upgraded nodes should continue to function as normal.More concretely, SegWit activation means that Bitcoin’s block size limit is replaced by a block “weight” limit, which allows for blocks to increase to up to 4 megabytes …

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