What is Bitcoin Segregated Witness (Bitcoin Fork)
What is Bitcoin Segregated Witness? In the Bitcoin blockchain, we can achieve Se
What is Bitcoin Segregated Witness? In the Bitcoin blockchain, we can achieve Segregated Witness (SegWit) protocol by signing the transaction data. Simply put, it is to write each information in the Bitcoin block into a new hash value, encrypt it, and store it in a special space, so that validators can send and receive payment requests or execute transactions using this message.
Nodes in the Bitcoin network are usually intermediaries between miners, exchanges, and other entities. When there is enough computing power to process this process, these nodes must sign a transaction at the same time to ensure its confirmation result. This allows two users independent of the system to communicate with each other, instead of multiple parties, so it can be called segregated witness.
Bitcoin Fork
According to CCN news, there is a division in the market after a significant fluctuation in Bitcoin prices. Due to the lack of consensus and very slow transaction speed of Bitcoin, many people attribute it to the competition and arbitrage activities between exchanges. When it comes to the price trend of Bitcoin, there is an “obvious” difference – users will use different exchanges for trading and buying cryptocurrencies. This differentiation makes it easier for investors to make wise investment decisions and hope to gain more profits.
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