Cryptocurrency Q&A
What network is native SegWit?
What network is native SegWit?
Chiara
Sun Dec 01 2024
|
5 answers
1278
I'm trying to find out which network is considered to be native to SegWit. I've heard about SegWit and its benefits, but I'm not sure which network it originally belongs to or is most closely associated with.
5 answers
TaegeukWarrior
Tue Dec 03 2024
Native SegWit transactions are notably smaller in size compared to traditional transaction formats.
Was this helpful?
369
71
Stefano
Tue Dec 03 2024
This reduction in size leads to lower transaction fees, making it more economical for users to send and receive Bitcoin.
Was this helpful?
293
58
DigitalDynasty
Tue Dec 03 2024
Furthermore, Native SegWit transactions enjoy faster confirmation times due to their optimized size.
Was this helpful?
294
44
Valentino
Tue Dec 03 2024
In addition to these benefits, Native SegWit enables the implementation of advanced features.
Was this helpful?
60
52
Maria
Mon Dec 02 2024
One such feature is Schnorr signatures, which can help enhance privacy and security on the Bitcoin network.
Was this helpful?
262
78
