- What was a proposed alternative to Segwit?
Increase the block size - What did Segwit solve more than just the scaling issue?
Segwit solve the problem of malleability because separate tx data from the witness(signature) - How is Segwit and the Lightning network connected?
thanks to Segwit now is more easier to make level 2 solutions like lightning network - Are people, wallets and other services forced to use Segwit?
No because is a softfork, but if they don’t udpdate their fees right now will be enormous.
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The article listed is currently unavailable, is there another similar article available whilst that particular archive material isn’t accessible?
Thanks!
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What was a proposed alternative to Segwit?
A: Increasing the block size limit. -
What did Segwit solve more than just the scaling issue?
A: It solved the transaction malleability issue. In other words, it made it impossible for someone to make changes to the transaction signature, thereby altering the transaction hash. -
How is Segwit and the Lightning network connected?
A: They are both solutions to make transactions on the network faster. Plus, fixing the transaction malleability issue via Segwit makes any feature that is dependent on unconfirmed transactions (such as the lightening network) less risky and easier to design. -
Are people, wallets and other services forced to use Segwit?
A: No, they are not.
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- increasing the block size limit
- Segwit original purpose was to solve transaction iD malleability.
- the transaction id malleability is needed for second layer solutions which lightning network is one.
- Swgwit is up to 40% adoption as of 2019, so its not being forced to use it, Segwit update was a Soft fork.
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1.Increasing the block size.
2. It solved the problem of transaction malleability.
3. Segwit supported the development of the lightning network because it relies on unconfirmed transactions. Removing the signature from the transaction makes this less risky as there is no chance of the hash changing.
4. No.
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What was a proposed alternative to Segwit?
An alternative proposed was to increase the block size limit so that you can include more transactions in the block instead of changing the transaction structure. -
What did Segwit solve more than just the scaling issue?
It solves a problem called “transaction malleability” where people could change the signature of a transaction and the transaction ID without changing the contents of the block. -
How is Segwit and the Lightning network connected?
Segwit allows for second layer protocols (like the lightning network) to be developed, which could take smaller and frequent transactions off-chain. -
Are people, wallets and other services forced to use Segwit?
No, they are not. Many wallets have not yet been made compatible to segwit. Although there are bbig names like Ledger and Trezor, which have already transitioned, there are still over 80% of wallets that still need to be made compatible.
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Yes, but to use lightning, you need to be able to work with reliable transactions ID’s that cannot be altered. So the malleability issue was a big deal. And this was Fixxed with segwit
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Article is unavailable? I’ll check it out.
In the mean time:
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- block weight
- segwit solved malleability by removing the sig. from the tx. it supports the development of second layer protocols.
- segwit allows lightning network (second layer protocol) to boost bitcoin’s transaction capacity.
- no they’re not.
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- What was a proposed alternative to Segwit?
The initial proposed alternative to segwit by the community was to just increase the size of the block from 1mB to 2mB. Which is all well in good in the short term, but in the long term, when it hits the new cap of 2mB, would the community just increase it again? And it would be an ongoing cycle that would have to be dealt with. This proposal would have increased bitcoin to be more centralized and would phase out the smaller miners because with the bigger sized block to mine they would need more hardware, memory, Internet speed and storage. And the transaction times and fees would increase and stale blocks and forks would happen more often because it would take longer to propagate.
- What did Segwit solve more than just the scaling issue?
Segwit solved the stoppage of transaction malleability from happening. By removing the signature from the transaction data structure.
- How is Segwit and the Lightning network connected?
With segwit removing the signature from the transaction data and eliminating the malleability because of it, this allowed any features that would be added on that relied on unconfirmed transactions less risky and easier to design. This allowed the lightning network to come to existence and help boost the transaction capacity of bitcoin by taking small, frequent transactions off-chain, waiting for the user to be ready to settle on the blockchain.
- Are people, wallets and other services forced to use Segwit?
No, people, wallets, and other services are not forced to use Segwit. The update is a soft fork, and the adoption has been slow. Where many wallets at the time in 2018 didn’t support Segwit, except for the big names like Ledger, Tezor, Kraken and Electrum. But the main bitcoin code made some segwit friendly adjustments to its code back then, so I would assume over the last couple of years there has been an uptick on wallets, people, and other services implementing segwit.
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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 the Transaction Malleability issue where the Transaction ID could be modified with just a slight change to the transaction contents. - How is Segwit and the Lightning network connected?
-Without solving the Transaction Malleability issue, the Lightning Network could not be possilbe. Why? Because Transactions IDs were not necessarily stable. - Are people, wallets and other services forced to use Segwit?
-No, but more and more have adopted Segwit. Since Segwit is a soft fork and not a hard fork, it is backward compatible. Thus the bitcoin network can still function with some adopting SegWit and others not.
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Increasing block size to more than 1MB.
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Segwit as well solve the issue of transaction malleability.
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Segwit supports the development of 2nd layer protocols such as lighting network. The malleability fix made any feature that relied on unconfirmed transactions less risky and easier to design.
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No, but there are definitely more people, wallet and services embracing the upgrade.
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- What was a proposed alternative to Segwit?
Make blocks 2mb or more rather than 1mb - What did Segwit solve more than just the scaling issue?
It solved the tx malleability. - How is Segwit and the Lightning network connected?
Segwit makes the second layer possoble. - Are people, wallets and other services forced to use Segwit
No, they can adapt it like as a soft fork.
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- What was a proposed alternative to Segwit?
An increase in block size
- What did Segwit solve more than just the scaling issue?
Segwit also solved Transaction Malleability
- How is Segwit and the Lightning network connected?
Segwit is a support for lightning network development
- 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. -
What did Segwit solve more than just the scaling issue?
Segwit solved malleablity issues, when one could change TxID by changing the signature. -
How is Segwit and the Lightning network connected?
Segwit enabled to create second layer solutions on top of bitcoin protocol such as lightning network. -
Are people, wallets and other services forced to use Segwit?
No, it was a soft fork. People started using Segwit because of less fee on a Tx; hence many wallet service providers were incentivized to support Segwit.
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What was a proposed alternative to Segwit?
Larger block size (such as in Bitcoin Cash) to 2 MB was another proposed alternative. -
What did Segwit solve more than just the scaling issue?
Transaction malleability where an attacker could change the transaction signature / witness to change the hash of that transaction. -
How is Segwit and the Lightning network connected?
With segwit, developers can now build layer 2 protocols to increase transaction capacity by performing smaller transactions off-chain and settling ont he bitcoin blockchain when the users are ready. -
Are people, wallets and other services forced to use Segwit?
No, it is rolled out slowly where people will adapt to this and ultimately the majority of the network would use Segwit until their services (such as wallets) support this new approach.
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Increasing block size from 1 mb and greater.
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It increased security and reduced Tx malleability
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Allowed 2nd layer protocols to be built like LN.
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No. It was a SF but more of the network is adopting it by day.
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What was a proposed alternative to Segwit?
A Fork -
What did Segwit solve more than just the scaling issue?
Allows to support a development of a second layer protocol -
How is Segwit and the Lightning network connected?
Segwit allowed the Lighting network to be developed as a second layer protocol that takes smaller transactions off-chain to allow more space on the block -
Are people, wallets and other services forced to use Segwit?
No it was a soft fork
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Segwit was also a fork 
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Ahh… I should be more clear. A hard fork