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What was a proposed alternative to Segwit?
Implementing a larger block size limit -
What did Segwit solve more than just the scaling issue?
Transaction malleability, which allowed anyone to change small details that modified the transaction, but not the content. -
How is Segwit and the Lightning network connected?
Segwit made possible to support development of second layer protocols, such as the lightning network and any feature that relied on unconfirmed transactions. -
Are people, wallets and other services forced to use Segwit?
No, Segwit was a soft fork.
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1 What was a proposed alternative to Segwit?
It was to implement a larger block size limit rather than rely on a new transaction structure.
2 What did Segwit solve more than just the scaling issue?
It fixed a bug in the bitcoin code called transaction malleability.
This flaw allowed anyone to change small details that modified the transaction id.
3 How is Segwit and the Lightning network connected?
Another big step forward made possible by SegWit is that it supports the development of second layer protocols, such as the lightning network.
4Are people, wallets and other services forced to use Segwit?
Not really it was a soft fork it was embraced by the community as more wallets were adjusting to the new protocol solution.
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- Adopt a Hard Fork.
- It solved the Transaction Malleability issue.
- Segwit supported the development of second layer protocol, the Lightning network, which boosted Bitcoin’s transaction capacity.
- No. The old protocol still can be used.
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1. What was a proposed alternative to Segwit? Increase the block size limit that also lead to a hard fork (Bitcoin Cash)
2. What did Segwit solve more than just the scaling issue? another issue that Segwit solved is the TX Malleability problem.
3. How is Segwit and the Lightning network connected? Lightning network is a second layer solution that will take frequent, small transactions off-chain.
4. Are people, wallets and other services forced to use Segwit? no, people, wallets and other services are not forced to use SegWit (soft fork)
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- The alternative proposal was to increase the block size limit.
- Segwit solved the transaction malleability issue.
- The implementation of Segwit facilitated second layer solutions like the lightning network.
- No, which makes it a soft split.
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What was a proposed alternative to Segwit?
Increase block size, which is what then became Bitoin Cash
What did Segwit solve more than just the scaling issue?
It solve the issue of transaction malleability, it supports the development of second layer protocols and more complex bitcoin smart contracts.
How is Segwit and the Lightning network connected?
The lightning network is a second layer protocol that relies on unconfirmed transactions. It became less risky with the implementation of Segwit
Are people, wallets and other services forced to use Segwit?
No.
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What was a proposed alternative to Segwit?
To increase block size to be able to store more transactions -
What did Segwit solve more than just the scaling issue?
It also solved the malleability issue. By removing the signature from the transaction people can not alter the signature and change the transaction ID. -
How is Segwit and the Lighning network connected?
The lightning network is a second layer protocol that boosts bitcoins transaction capacity by taking frequent small transactions off chain. -
Are people, wallets, and other services forced to use Segwit?
No, they can still use older protocol.
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- Increased TX block size.
- TX ID malleability and lower fees. Also more room for a second layer like lightning.
- Segwit makes the second layer solutions possible.
- No, old addresses and TX can still be used.
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An increased block size to 2mb.
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Segwit also solved transaction malleability along with allowing second layer development.
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Segwit collaborated with the lightning network by adopting the second layer protocol.
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As a soft fork, no one if forced into implementation.
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A proposal was to implement a larger block size.
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It has solved the transaction malleability. It made more transactions possible, so the fees are decreased.
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The lightning network boosts bitcoin’s transaction capacity, and it is made possible due segwit, which supports a second layer protocol. WIth segwit, the transaction adresses remain outside of the block inside the wallets, which is a base for two party transaction. Without segwit those transaction would be to risky.
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They are not forced to, but all big wallets and trustful services are using it or work on an update.
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- Increase the Block Size that will result in Hard fork.
- Transaction Malleability
- Segwit solved 2 issues - Scalability and Transaction Malleability. Without Transaction Malleability solved, Lightning network cannot be implemented. Lightning network provide higher scability
- No, It is Soft fork. Upgrading to new software allowed better Bitcoin acceptability due to Scalability, Low fees, faster transmission and higher Security.
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A pool of miners were unhappy with the prospects of upgrading Bitcoin program by developer Pieter Wuille that would increase data capacity within the 1MB rule by separating the signatures from the hash transaction, SegWit (Segregated Witness). The change in Bitcoin transaction format was approved by the majority pool of miners. A softfork instead of a hardfork was preferred. Yet, a rather stubborn pool of miners insisted on a hardfork that would increase capacity from 1MB to 8MB block capacity. Bitcoin Cash was the result of a hardfork from Bitcoin Network.
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Segwit solved more that the scaling issue, it addressed several other mining quirks including keeping miners working bitcoin since a hardfork would have eliminated those miners who could not afford to upgrade newer equipment to accommodate blocks greater that 1MB. Not all miners could afford more powerful computers. Bitcoin wanted to expand transactions to second layer protocols adding non-currency transaction (smart contracts) rather than just currency transaction. SegWit solved problems of malleability (hacking, cheating) by modifying transaction Identification and signatures outside of the transaction block. Essentially, storing signatures outside fo the transaction improved scaling and malleability issues. SigWit boosts other programs such as MAST, Schnorr which are intended to improve Bitcoin Network functionalities.
3.Lightening is a new invention that augments powers of limited foundational codes.Some believe that Lightening Network for Bitcoin could increase transactions speed by allowing people to jointly sign smart contracts that create time-locked, 2 way payment channels based on pre-agreed amounts of money that the payer seeds with a single bitcoin transaction.Funds move to and from each other within that pre-established balance. Lightening increases the number of transactions at any time. Bitcoin Network looks for security and innovation. Lightening is that.
- From the reading it seems that other services are not forced to use Segwit. The largest Coinbase has not yet, “working on it,” Ledger, Trezor and others have accepted SegWit. It would be difficult for miners to successfully compete for compensations with minors who do work with SegWit if they were to decide to not use SegWil. Most likely miners do use Segwit…
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A proposed alternative to SegWit was to increase the block size altogether
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More than scaling, SegWit solved the issue with the weight of the block. TXs weigh less without signature info and more TXs can fit into the block without changing the block size. Also, the developement of 2nd layer protocols like the lightning network are now possible and enables more complex smart contracts to be developed
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SegWit and the Lightning network are connected in that they both worh to solve the issue of TX malleability. SegWit supports the development of 2nd layer protocols such as lightning, which is an off-chain 2nd layer solution to bitcoin’s scalability and TX speed problems
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People, wallets and other services are not forced to use SegWit, which shows in the hard fork, bitcoin cash, which chose to move ahead with a larger block size
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- Increase the block size
- The malleability issue
- The lightning network is a second layer solution and it is possible thanx to the Segwit upgrade.
- No, it’s a soft fork
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- What was a proposed alternative to Segwit?
Increasing the data size in each core block - What did Segwit solve more than just the scaling issue?
Transaction malleability - How is Segwit and the Lightning network connected?
Segwit supports Lightning network as a second layer protocol - Are people, wallets and other services forced to use Segwit?
No, it was a soft fork that led to the creation of BCH
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What was a proposed alternative to Segwit?
Increasing the block size -
What did Segwit solve more than just the scaling issue?
It solved transaction malleability and lowered fees.
3.How is Segwit and the Lightning network connected?
Segwit support the lightning network.
4.Are people, wallets and other services forced to use Segwit?
People are not forced since old nodes are still present in the network.
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- Block size increase
- Tx id malleability
- Segwit makes 2nd layer possible
- no
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Segwit solved the tx malleability and because of it made 2nd layer solutions like Lightning easier and safer to implement. 
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1. What was a proposed alternative to Segwit?
Increasing the block size.
2. What did Segwit solve more than just the scaling issue?
Solved the transaction malleability issue.
3. How is Segwit and the Lightning network connected?
Segwit supports second layer protocols. Features which rely on the tx’s without the sig’s get less risky and easier to design.
4. Are people, wallets and other services forced to use Segwit?
No as it’s a soft fork.
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- What was a proposed alternative to Segwit?
Increasing the size of the block from 1MB to 2MB
- What did Segwit solve more than just the scaling issue?
It helped to solve Transaction ID malleability, increased the network speed, reduced mining cost, reduced transaction fees.
- How is Segwit and the Lightning network connected?
SegWit adoption allowed creation of the second layer protocol on which lightening fast network build as block transaction limit increased.
- Are people, wallets and other services forced to use Segwit?
No as it is compatible with the old protocol.
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