Bitcoin Forum
October 21, 2018, 05:59:21 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Why Segwit adoption is so slow?  (Read 1775 times)
Xavofat
Hero Member
*****
Offline Offline

Activity: 882
Merit: 518

Satoshi wanted "small, casual transactions".


View Profile WWW
November 22, 2017, 05:54:29 PM
 #21

Segwit (4MB blocks)
SegWit has a maximum block weight of 4MB.  This is not comparable to having a maximum block size of 4MB.  SegWit also cannot, in practice, reach four times the capacity that the legacy network had, even if all users were sending SegWit transactions.  

You could refer to the SegWit2x fork's alteration as increasing the base block size to 2MB.
Does anyone know how many transactions would fit in a full block under Segwit?
To understand SegWit's effective capacity, try reading through this article.
The trust scores you see are subjective; they will change depending on who you have in your trust list.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540144761
Hero Member
*
Offline Offline

Posts: 1540144761

View Profile Personal Message (Offline)

Ignore
1540144761
Reply with quote  #2

1540144761
Report to moderator
1540144761
Hero Member
*
Offline Offline

Posts: 1540144761

View Profile Personal Message (Offline)

Ignore
1540144761
Reply with quote  #2

1540144761
Report to moderator
Carlton Banks
Legendary
*
Offline Offline

Activity: 2156
Merit: 1380



View Profile
November 22, 2017, 07:16:21 PM
 #22

You could refer to the SegWit2x fork's alteration as increasing the base block size to 2MB.

You could. But I referred to both forks in terms of their maximum block weight:

  • Segwit (4MB blocks)
  • Segwit2x (8MB blocks)

I only used the expression blocksize so as to keep it simple; my intention was to highlight a confused set of posts, and present a very short & basic correction.

Vires in numeris
Jet Cash
Legendary
*
Offline Offline

Activity: 1036
Merit: 1251


I don't merit Spambies


View Profile WWW
November 23, 2017, 05:12:59 AM
 #23

I've just upgraded to 0.15.1, and I held off whilst I waited for the dust to settle. I wish I had upgraded sooner. I run a full node to maintain my wallet, and it is only online a couple of times a day at most. The new core is faster and more efficient, and that is important for me, as I tend to have connections of variable quality.

Wind_FURY
Hero Member
*****
Offline Offline

Activity: 882
Merit: 678


Crypto-Games.net: Multiple coins, multiple games


View Profile
November 23, 2017, 06:57:07 AM
 #24


Does anyone know how many transactions would fit in a full block under Segwit?
To understand SegWit's effective capacity, try reading through this article.

Thanks. But the Jimmy Song's blog lost me in the part when he starts explaining "Block Weight". Is there another way for someone to explain this "like I am 5"? I am not a very technical person but I really want to learn everything about Bitcoin.


▄▄▄████████▄▄▄
▄██████████████████▄
▄██████████████████████▄
██████████████████████████
████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
████████████████████████████
██████████████████████████
▀██████████████████████▀
▀██████████████████▀
▀▀▀████████▀▀▀
   ███████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
██████████
███████
BTC  ◉PLAY  ◉XMR  ◉DOGE  ◉BCH  ◉STRAT  ◉ETH  ◉GAS  ◉LTC  ◉DASH  ◉PPC
     ▄▄██████████████▄▄
  ▄██████████████████████▄        █████
▄██████████████████████████▄      █████
████ ▄▄▄▄▄ ▄▄▄▄▄▄ ▄▄▄▄▄ ████     ▄██▀
████ █████ ██████ █████ ████    ▄██▀
████ █████ ██████ █████ ████    ██▀
████ █████ ██████ █████ ████    ██
████ ▀▀▀▀▀ ▀▀▀▀▀▀ ▀▀▀▀▀ ████ ▄██████▄
████████████████████████████ ████████
███████▀            ▀███████ ▀██████▀
█████▀                ▀█████
▀██████████████████████████▀
  ▀▀████████████████████▀▀ 
✔️DICE           
✔️BLACKJACK
✔️PLINKO
✔️VIDEO POKER
✔️ROULETTE     
✔️LOTTO
Carlton Banks
Legendary
*
Offline Offline

Activity: 2156
Merit: 1380



View Profile
November 23, 2017, 10:59:56 AM
 #25

Jimmy Song's blog lost me in the part when he starts explaining "Block Weight". Is there another way for someone to explain this "like I am 5"? I am not a very technical person but I really want to learn everything about Bitcoin.

Before, only one aspect of a transaction determined how large a block could be: it's size in bytes.

Now that Segwit is activated, there are two components: the size of the inputs + outputs, and the size of the signature. Inputs/outputs are the information that says "I'm paying this money from this address to that or those address/es". The signature is the part that proves you've got the right (i.e. the private keys) to pay.


Inputs & outputs can only use the 1MB of block space that Bitcoin previously had, they are "weighed" differently to signatures. Signatures are weighed at 1/4 of inputs & outputs (sometimes referred to as the "witness discount"), and so they can use a total maximum of 4MB of block space (but they've got to sign some inputs, it's not possible for a block to contain only signatures signing nothing).

Typically, this will mean each block will be about 1MB of transactions and 1MB of signatures (because the average transaction is roughly one half input/output data and the other half signature data). That's means typically we'll have 2MB blocks (apparently it's more like 2.1MB). But increasing use of transactions with multi-sig (needed for Lightning and other future innovations) that increase average signature size will change the balance between in/outs and signatures, and blocks would get closer to using the 4MB total that is allowed.

Vires in numeris
LRPchange
Member
**
Offline Offline

Activity: 364
Merit: 11

L -


View Profile
November 24, 2017, 11:12:07 AM
 #26

Thank you for all your answers. But could someone please explain this "like I'm 4?". It almost understood it from the above post. Close close. Go. Smiley

malikusama
Copper Member
Sr. Member
****
Offline Offline

Activity: 714
Merit: 293


View Profile
November 24, 2017, 04:24:17 PM
 #27

Just due to the contradiction between big exchanges and wallet's service providers, nothing else.

Main difference is that Sigwit block size is 2MB as  a result difficulty level for mining it is easy and hence transactions are fast.

There are no segwit blocks. And no, we don't have 2MB blocks.
You are talking about the SegWit2x fork which should have happened a week ago. (The 2x stands for 2 times blocksize (2MB))


This is a very confused sounding exchange of posts, neither of you are getting the details correct.


There are (were) 2 entirely different proposals:
  • Segwit (4MB blocks)
  • Segwit2x (8MB blocks)

Segwit was a soft fork, and is now activated on the Bitcoin network. Segwit2x was hard fork, and was abandoned by it's developers and the miners who agreed to implement it.


This is accurate i was searching for this reply in the thread,  Segwit is already activated and the block size is 4MB but many of users are still in a doubt of 2MB block size because they didn't know completely about segwit fork although it was discussed many times throughout the forum and on other social platforms.
asdlolciterquit
Hero Member
*****
Offline Offline

Activity: 910
Merit: 517



View Profile
November 24, 2017, 04:44:38 PM
 #28

Where can i find the average size of the block of the bitcoin network? is the average size now bigger after segwit's activation?


                                ▄▄▄▄
                          ▄▄  ▐██▀▀██▌
                          ▄▄  ▄▄    ▄▄
                          ▀▀  ▀▀    ▀▀        ▀▀                          ▄▄▄▄

                          ██  ██    ██        ██                        ▐██▀▀██▌
                    ▄▄    ▄▄  ▄▄    ▄▄        ▄▄                        ▄▄    ▄▄
                    ▀▀    ▀▀  ▀▀    ▀▀        ▀▀                        ▀▀    ▀▀

                    ██    ██  ██    ██        ██                        ██    ██
                    ▄▄    ▄▄  ▄▄    ▄▄        ▄▄                        ▄▄    ▄▄
                    ▀▀    ▀▀  ▀▀    ▀▀        ▀▀                        ▀▀    ▀▀

▄████▄    ▄████▄    ██    ██  ██    ██    ▄█████   ▄████▄     ▄████▄    ██    ██
▄▄▄      ▄▄    ▄▄   ▄▄    ▄▄  ▄▄    ▄▄   ▄▄   ▄▄   ▄▄   ▄▄   ▄▄    ▄▄   ▄▄    ▄▄
 ▀▀▀     ▀      ▀   ▀▀    ▀▀  ▀▀    ▀▀   ▀    ▀▀   ▀▀▀▀▀▀▀   ▀      ▀   ▀▀    ▀▀

▄▄ ▀██   ██▄  ▄██   ▐██  ██▌  ██    ██   ██▄  ██  ▐██▄ ▄▄▄   ██▄  ▄██   ██    ██
 ▄▄▄▄      ▄▄▄▄       ▄▄▄▄    ▄▄    ▄▄     ▄▄▄▄▄    ▄▄▄▄▄      ▄▄▄▄     ▄▄    ▄▄
❱❱❰❰




        ▄███
        ██▀

      ██████
        ██
        ██

        ██




▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄





           ▄▄▄ ▄
  █▄     ▄█████▄

  ▐███▄▄▄██████
   ▀███████████
    ▄█████████

     ▀█████▀▀
    ▀▀▀▀



▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄





              ▄▄▄
         ▄▄▄█████

   ▄▄▄████▀▀▄███
 ▀▀████▀ ▄██████
     █ ▄███████

      ███▀█████
            ▀█▌



▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
Matias
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
November 24, 2017, 05:49:57 PM
 #29

Where can i find the average size of the block of the bitcoin network? is the average size now bigger after segwit's activation?

Slightly bigger (approximately 5%)

https://blockchain.info/charts/avg-block-size
Boussac
Legendary
*
Offline Offline

Activity: 1201
Merit: 1000


blockchain.io


View Profile WWW
November 25, 2017, 05:37:39 PM
 #30

If you want to create segwit ouptuts or move funds to electrum 3.0 (the only wallet that I know support native segwit adresses), I just released segwit native P2WPKH on my demo wallet website bitcoinscri.pt
bitcoinscri.pt requires login with you twitter account.
It will allow you to create your own Bech32-encoded address then send funds to it.
Bitcoinscri.pt will have you first send to the corresponding P2PKH address using your mobile wallet then allow you to send the funds to the native P2WPKH.

It's clumsy but I don't know of any blockchain API nor explorer that fully support segwit addresses .

FrueGreads
Legendary
*
Offline Offline

Activity: 1400
Merit: 1051


Betting Championship betking.io/sports-leaderboard


View Profile
November 25, 2017, 08:47:52 PM
 #31

Why Segwit adoption is so slow? Is it because of lack of wallet support? Are there incentives for wallet developers to implement Segwit?

I wouldn't say it's because of lack of wallet support. I know electrum has done it's part and we can update our wallet and use segwit if we want, so in part it's our fault. If I'm not mistaken Trezor and Ledger already support segwit, so we actually have the option to use segwit in either hardware wallets or desktop wallets if we want to. Of course that the big action around bitcoin is still in exchanges, so the other big problem is lack of exchanges support, and I actually think this is the major problem in segwit support. Why is it taking so long? I really don't know, some devs say they want to test it further, before they allow users to use it.

valeru.aver
Full Member
***
Offline Offline

Activity: 350
Merit: 100



View Profile WWW
November 25, 2017, 09:40:48 PM
 #32

I think that many hoped for the emergence of Segwit2 and its use. Now, when it was canceled, will begin to integrate with Segwit. It is strange that many wallet providers have not used it, most likely reason not only technically, but also commercial.

yrreg ger
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile
November 27, 2017, 08:31:28 PM
 #33

Mainly because people who do not support segwit and strongly opposed it exists.  Another reason is that even if there is a segwit some would not implement it and we can't just go and tell them to do so.  Many people sees segwit very beneficial especially for faster transactions but of course not all people have same way if thinking and accepting.
buglab.co
Newbie
*
Offline Offline

Activity: 53
Merit: 0


View Profile
November 29, 2017, 07:25:21 PM
 #34

It's about getting the software integrated in existing workflows.

I'm confident as more and more people see the benefit and realizes how cheap SegWit transaction are we should see more adoption.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!