Transactions using SegWit increased by 30%

Almost 30% Of All Transactions Are Committed With The SegWit Protocol

Transactions using SegWit increased by 30%

Thanks to the release of the updated version of Bitcoin Core over the past 24 hours, the share of Bitcoin SegWit transactions has increased from 15% to 30%.

The surge in transactions using the protocol is also associated with crypto exchanges Coinbase and Bittrex, which introduced new technology to the platform. 

The SegWit protocol allows you to increase the block size, thereby reducing cost and speeding up transaction times.

Recall that at the end of 2017, the bitcoin blockchain experienced great congestion due to an increase in the cost of quotes. Due to user dissatisfaction, it was decided to expand the block size using SegWit.

Earlier we wrote that the 16th generation of the Bitcoin wallet was released, which was released by Satoshi Nakamoto nine years ago..

photo: Unsplash

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