[2018-10-07]Segwit is Gaining Popularity due to Rapid Processing of Bitcoin Tran

[Vladdirescu87]

Segwit is Gaining Popularity due to Rapid Processing of Bitcoin Transactions

Over half of all bitcoin transactions are performed today via an advanced-technology network called Segregated Witness (Segwit). Recent research reports on the steady growth in the use of this fintech platform with the purpose of accelerating the sending process.

The usage of the financial technology has increased from 27% to 53% over 6 months. Even the prolonged bear market trend could not restrain the network’s development.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/segwit-gaining-popularity/

[snipie]

Segwit addresses are already taking popularity months ago. Lightning network which is not discussed here is also very important to consider although it is still in development.

[tabas]

Segwit is becoming popular for real. I support that its faster and cheaper though there's a need to spread the news about it.

Segwit addresses are already taking popularity months ago. Lightning network which is not discussed here is also very important to consider although it is still in development.

It's not discussed but they have been working on it.
Vending machine accepting Bitcoin transactions through Lightning Network.

[1Referee]

Lightning network which is not discussed here is also very important to consider although it is still in development.

It is definitely important, but there's not much to say about it other than that it's slowly picking up. Segwit adoption means an actual benefit for the user since 99.9% of all the participants within Bitcoin's ecosystem transact on-chain.

Not sure why the article doesn't contain a Segwit transaction chart, but here is one; https://transactionfee.info/charts/payments/segwit

The real battle begins when the big block camp is the only one left without having utilized Segwit. I guess they account for like 25% of the ecosystem. In other words, 70-75% network support seems to be the most realistic target before the end of 2019. Everything that we gain over 75% is a bonus in my book.