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> Segwit is not a block size increase but it's supporters started branding it as one to better market it. Segwit allows twice as many transactions (of the mix
by nadaviv 10y ago
> Segwit is not a block size increase but it's supporters started branding it as one to better market it.
Segwit allows twice as many transactions (of the mix being used today) to fit in a block. It does so by enlarging to blocks to up to 4MB.
How is that not a block size increase?
https://segwit.org/is-segwit-a-block-size-increase-705df6a8731d https://segwit.org/is-segwit-a-block-size-increase-705df6a87...
https://www.weusecoins.com/eli-segwit/ https://www.weusecoins.com/eli-segwit/
> It isn't even guaranteed to increase transaction throughput which is the larger reason for wanting a block size increase.
It is guaranteed to increase transaction throughput as soon as miners activate it and wallets start producing segwit transactions.
There are currently over 20 wallets that pledged to adding segwit support, including all the most popular software ones and all 6 hardware wallet manufactures (Trezor, Ledger, KeepKey, OpenDime, BitLox and Digitalbitbox). About half of them already have their SegWit implementation ready (before segwit even activated!).
https://bitcoincore.org/en/segwit_adoption/ https://bitcoincore.org/en/segwit_adoption/
So, yes, its very certain that wallets will start producing segwit transactions as soon as its activated by the miners.
> It actually encourages some types of large transaction by discounting the witness data.
All transactions have witness data and they all enjoy the extra capacity and lower fees that segwit brings us.