-
To increase the block size
-
It eliminated the ability to do abuse transaction malleability, which made the blockchain a lot more secure.
-
Segwit makes second layer solutions like the lightning network possible
-
No, it’s a soft fork. It’s compatible with the base version.
1 Like
- What was a proposed alternative to Segwit?
ans-increasing the block size from 1MB to 2MB. - What did Segwit solve more than just the scaling issue?
ans -it also solved the transaction malleability threat. - How is Segwit and the Lightning network connected?
ans-because segwit upgrade supports the development of second layer protocols like lightning network which boost bitcoin’s transaction capacity by taking frequent, small transactions off-chain, only settling on the bitcoin blockchain when the users are ready. - Are people, wallets and other services forced to use Segwit?
ans-not really but since its adoption , more transactions are being processed through segwit format.
1 Like
- What was a proposed alternative to Segwit?
To increase the block size from 1MB to 2 MB
2. What did Segwit solve more than just the scaling issue?
Transaction id malleability - by separating the transaction id from the block the tx id is no longer included in the tx hash so even if somebody changed the tx id the hash would be the same
3. How is Segwit an the Lightning network connected?
The lightning network takes small, frequent transactions off-chain and only settling them when the user is ready.
4. Are people, wallets and other services forced to use Segwit?
No, it was a soft fork
1 Like
Oky, thanks
How many change can I make?. 12m?
- Increase block size from1Mb to 2MB.
- Solves transaction malleability by separating the digital signature from the transaction hash.
- Segwit is a soft fork of BTC.
- As yet no, but it will probably stop accepting legacy (non Segwit) in the near future.
1 Like
-
It was a solution to bitcoins scaling problem.
-
The signature mallebality.
-
So that lightning can make transactions smaller and faster, by storing smaller transactions outside the chain, only to be used when the transactions are wanted to finish. It enables bitcoin to be boosted.
-
Yes, today in 2021, Segwit is used in all wallets and exchanges.
1 Like
No, there are still a lot of old style txs made on Bitcoin even to this day. 
- A proposed alternative to segwit was bitcoin cash that actually did increase the block size.
- Segwit solved tx malleability making it so people couldn’t change the tx id,
- By solving the problem of tx malleability segwit opened the door for lighting network.
- No
1 Like
- What was a proposed alternative to Segwit?
The alternative to Segwit was increasing the size of the blocks. - What did Segwit solve more than just the scaling issue?
Removed signatures from the block. It fixed the block size problem and transaction malleability. - How is Segwit and the Lightning network connected?
They both boosted development work. - Are people, wallets and other services forced to use Segwit?
yes, it’s a soft fork
1 Like
- What was a proposed alternative to Segwit ?
increase the block size
2.What did Segwit solve more than just the scaling issue ?
Transaction Malleability.
3.How is Segwit and the lightning network connected ?
Segwit supported the development of second layer solutions such as lightning network.
4.Are people, wallets and other services forced to use Segwit ?
No
1 Like
OK, thank you very much, for letting me know. All of mine have used Segwit, So I figured that that was the new standard.
- Bitcoin Cash which increases block size.
- Segwit solved the problem of malleability by removing the signature information. Malleability is when thansaction id could be changed by modifying signature and scripts. With mentioned method you were able to modify the transaction and tell the person that send you some bitcoin that you did not receive it, a person checks the history of transactions looking for the id (which is confirmation of transaction) and is not able to locate it as id had changed by modifying signature.
- SegWit supports the development of second layer protocols, such as the lightning network. The malleability fix made any feature that relied on unconfirmed transactions less risky and easier to design.
The lightning network will further boost bitcoin’s transaction capacity by taking frequent, small transactions off-chain, only settling on the bitcoin blockchain when the users are ready. - No, as it is a soft fork (not obligatory).
1 Like
-
First, the SegWit people decided to decrease the size of a transaction. This is done by first – removing signatures form the transaction data structure, which takes up a LOT of data. Signatures were taken out of the transaction input data. Not kept in the transaction data structure, but kept along side it.
The transaction size got smaller, so more transactions can be fit into a block, up to 1 MB. This was actually a very practical solution because there can only be one signature for one node, it is used for only one node – all the other nodes do not need them because it only takes one node to validate the block. Another advantage is specific nodes for signatures only can be created. IF I want to find out about a signature, I can query a larger node for a signature. -
Segwit stopped transaction malleability. Since the sig is now separate from the TX, changing the Sig no longer changes the transaction.
-
The lightning network will further boost bitcoin’s transaction capacity by taking frequent, small transactions off-chain, only settling on the bitcoin blockchain when the users are ready.
-
In short, no. However, wallet usage will probably encounter compatibility issues without the adoption of developing versions of Segwit. As more wallets embrace the upgrades, the percentage of transactions that use the SegWit structure will increase, and bitcoin fees should drop as blocks contain a greater number of transactions. Furthermore, the development of lightning and similar second layer protocols should get more of a boost, enhancing bitcoin’s scope and potential.
3 Likes
-
What was a proposed alternative to Segwit?
To increase the block size to 2mb. -
What did Segwit solve more than just the scaling issue?
BTC solved transaction malleability, which was its original intent, allowing support for L2 protocol development. -
How is Segwit and the Lightning network connected?
Lightning is a L2 protocol that can increase transaction throughput by taking frequent, small transactions off-chain. Segwit’s transaction malleability fix allowed the btc network to support L2 protocols such as Lightning. -
Are people, wallets and other services forced to use Segwit?
If a person chooses to receive and send transactions through a legacy wallet, they are not forced to use Segwit.
1 Like
- What was a proposed alternative to Segwit?
Increase in blocksize - What did Segwit solve more than just the scaling issue?
It also fixed the transaction malleability issue - How is Segwit and the Lightning network connected?
SegWit supports the development of second layer protocols, such as Lightning network. - Are people, wallets and other services forced to use Segwit?
No, wallets and other service can still use the old protocol.
1 Like
- Increase in the blocksize
- Segwit fixed the TX malleability
- Segwit the layer to solution for BTC, such as lightning network
- It will not have an effect as it is a soft fork and hard fork
1 Like
1 What was a proposed alternative to Segwit?
The development of bitcoin cash, a hard fork of the bitcoin network which chose 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?
Segwit “supports the development of second layer protocols, such as the lightning network. The malleability fix Segwit provides made any feature that relied on unconfirmed transactions less risky and easier to design.
“SegWit activation also boosted development work on other features such as MAST (which enables more complex bitcoin smart contracts), Schnorr signatures (which would enable another transaction capacity boost) and TumbleBit (an anonymous top-layer network).”
3 How is Segwit and the Lightning network connected?
SegWit is that it supports the development of second layer protocols, such as the lightning network
Lightning network will boost bitcoin’s transaction capacity by taking frequent, small transactions off-chain, only settling on the bitcoin blockchain when the users are ready.
4 Are people, wallets and other services forced to use Segwit?
Segwit is a soft fork. Therefore the answer is no.
1 Like
- to upgrade block size capacaity from 1MB to who knows
- SegWit solves the transaction malleability and lower fees along with supporting a second layer solution such as ligning.
- SegWit allowed Lightning newtwork to made sense in its dev.
- Its a soft Fork dev. Wallets and exchanges added the upgrad eventually.
1 Like
-
What was a proposed alternative to Segwit?
Increasing maximum data size from 1mB to higher. -
What did Segwit solve more than just the scaling issue?
By keeping data size small, tx’s could continue to be confirmed in a timely manner, fees remain low and signatures (even if altered - malleable) don’t impede on the public signature keeping the tx’s valid. -
How is Segwit and the Lightning network connected?
Because private signatures are now outside the blocks, data size is low and confirmations fast. -
Are people, wallets and other services forced to use Segwit?
No, Soft Forks can be created.
1 Like
-
The proposed alternative to segwit was an increase of block size. This eventually lead to Bitcoin Cash, a rather controversial Hard Fork.
-
It solved the transaction malleability issue and made room for what became lightning network.
-
Segwit made it possible to allow for second layer protocols to be created and exist for BitCoin such as the Lightning Network.
-
As it is a soft fork, no. It is compatible with the older protocols set of rules…
1 Like