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maliafka reacted to
3milyin what is SEGWIT
So after a very simplified explanation of hard fork it is time for the next one that is : what is SEGWIT ?
For this will have to understand how a bitcoin blockchain transaction is working at the moment. In every bitcoin blockchain transaction you got one block of 1 MB size with many layers of information. To get the basic understanding i will only use two layers the header and the transaction. In the transaction along many inputs and outputs there is one important code that holds your signature and your public key that are used to confirm a legitimate transaction. This code has has a lot of data now so the 1 MB blocks are getting full making the network clogged. This is the so called scaling issue of bitcoin that SEGWIT is trying to fix with a different solution opposing the hard fork i described earlier.
So The Segregated Witness proposal to speed things up and scale the bitcoin protocol is to take away that code and put it into a separate block called an extended block this way reducing the size of a normal block making it faster. So now you will have the header and the transaction plus the extended block.
This is segwit as simple as possible.
Make sure to follow for a more in detail explanation.If you have any questions you can leave a comment below.
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maliafka got a reaction from
3milyin i am maliafka
Ohhh.. sweety.. thank you for coming in.. but in future i suggest you to read at least where you answer.. because all answers from your questions u have already on my topic.. :))
Thank you Girly. I am glad to see you here..I will try to be more.. hope to see you too more around here
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maliafka reacted to
3milyin August 1st 2017
Ok edited the original post back to english, i hope it stays that way I still did not found who did it shame on him or her
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maliafka reacted to
3milyin who are the two camps ?
I am pretty sure that you heard about bitcoin core vs bitcoin unlimited, right ?
On one side you have developers in north america called bitcoin core a big company with many developers who rasied millions of dollars and they have worked on their own proposal to make the bitcoin protocol better, more scalabe and faster, and on the other side there are people in asia doing the same thing called bitcoin unlimited protocol.
Who's side are you on ?
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maliafka got a reaction from
one2tenin who are the two camps ?
i`m not an expert and i dont even pretend to be.. but i choice bitcoin unlimited because i think that capacity increase of the bitcoin transaction is good and the block size future is unlimited.. also where the name come from.. the bad part is the hard fork is a must and miners have more control, but that i like
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maliafka reacted to
ptk1983in Мемы для Прайма! :)
Делаем прикольные демотиваторы, подписываем коротко, с умом и делимся )))
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maliafka reacted to biggad in I m biggad
Hello!))
Completely forgot to introduce myself)) My name is Alexey, I live in Russia, in the city of St. Petersburg!
I'm 37 full years old, on PD I'm from 2014))
I wish everyone good luck!))
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maliafka reacted to
one2tenin i am maliafka
hey and welcome, hope you win a lot of btc so you can visit the rest of the world too
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maliafka reacted to
mikanjain i am maliafka
Hi maliafka. I ma fan of lotr too. I've watched the trilogy 4 to 5 times including both dvd and blu ray version. I hope we get along :)
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maliafka reacted to Kevin13 in i am maliafka
Hello Luliiana, what a nice profession you have, that's great.
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maliafka got a reaction from
3milyin i am maliafka
Hello @Irena , Thank you!
Is a pleasure to meet you too. You are very nice and hopeful!
Wish you Good Luck and allot of patience on your work here! Take care
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maliafka got a reaction from babe12 in Giveaway #3 roll 33.33
That is hard to get i guess.. in last few days i dont get any lol .. u should change ur like number 3mily... hahahaha
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maliafka got a reaction from babe12 in Giveaway #1 69.69
Hey, that is a great giveaway. Congrats!!! I think Caroll need hit all 3 places lol :)))
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maliafka got a reaction from Bes19 in Giveaway #1 69.69
Hey, that is a great giveaway. Congrats!!! I think Caroll need hit all 3 places lol :)))
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