Segregated Witness Has Officially Activated on the Bitcoin Network

Segwit Is Now Live on the Bitcoin Network
The Pieter Wuille in 2015 at the Hong Kong Scaling Workshop The protocol is meant to relocate witness inputs from the transaction hash. Segwit was an idea that was introduced by the software developer. But some had hoped a block size increase would also follow. These community and developers couldn't come to terms with increasing the block size and lots of infighting began. Getting Things Done.

They are called the New York Agreement (NYA) took place this year and pushed things further. they more than a year and a half of arguing and failed roundtable proposals another meeting called the New York Agreement (NYA) took place this year and pushed things further. This brought about the birth of the Segwit2x working group led by early bitcoin adopter and developer Jeff Garzik. The agreement said Segwit would be activated by the mining majority and followed by a 2MB hard fork. The Segwit2x development team and the majority of miners had managed to lock-in Segwit on August 8 on block 479707.

Moving on to Part Two of the Compromise and Spreading the Word about Segwit2x

That Segwit has activated users will be waiting to see if the protocol actually produces what developers claimed it did on bitcoin test nets. They will be waiting to see if it increases transaction throughput and makes fees cheaper over the course of the next few weeks. These will be easy to forget about Segwit2x as not much is expected to happen.”

The next steps to follow which includes the 2MB hard fork. They continue to have over 90% agreement from miners to move forward with Segwit2x. Segwit2x is officially locked in, and the plan is working, These Replay the Protection Uncertainty and Celebration In addition to this announcement. The Segwit2x working group has decided to use Gavin Andresen’s opt-in replay protection to the code base. Many bit coiners were wondering how this would be handled and now there will be a form of replay protection implemented. This have Segregated Witness is now live and many people are excited,