A Detailed Analysis of Segregated Witness or SegWit and Its Benefits

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Developed in 2015, Segregated Witness or SegWit is a protocol upgrade designed to cater to the critical scalability problems, which have been hovering over the blockchain networks ever since their inception. Later in August 2017, the SegWit upgrade was launched as a soft fork in the Bitcoin ecosystem. Interestingly, on an average basis, the Bitcoin …

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