maliafka

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.

I like white and black 

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  

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

Welcome dear Hope to see you more on PD Forum  !!

Hi maliafka nice to meet you.

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 ?

 

Thank you Caroll 

Thank you Caroll 

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

Делаем прикольные демотиваторы, подписываем коротко, с умом и делимся )))
 

 

 

 

 

 

 

 

 

 

 

 
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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!))

Officially welcome to the forum @maliafka 

hey and welcome, hope you win a lot of btc so you can visit the rest of the world too

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 :)

Hello Luliiana, what a nice profession you have, that's great.

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  
 

That is hard to get i guess.. in last few days i dont get any lol .. u should change ur like number 3mily... hahahaha 

Hey, that is a great giveaway. Congrats!!! I think Caroll need hit all 3 places lol :))) 

Hey, that is a great giveaway. Congrats!!! I think Caroll need hit all 3 places lol :))) 

Welcome. An honor for homicide criminology.

Hello Maliafka, nice to meet you

hi. nice to know you. gl