What is SegWit

SegWit - short for "Divided Witness" - is a soft Bitcoin fork developed by developer Dr. Pieter Wuille. Its main purpose is to increase the resilience of Bitcoin and reduce its ease of use. Its name, “Separated Witness,” means separate signatures. Bitcoin has a limited amount of processing due to its sophisticated computer-based authentication process. SegWit speeds up processing and thus increases scales by creating more space in blocks. It achieves this by submitting practical signatures, which take up more than half of the normal block space, from the base of the blockchain to the connected, extended block. SegWit reduces the ease of use by cutting digital signatures, which can be changed, into active IDs.

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