Cryptocurrency Q&A
Does Binance use SegWit or native SegWit?
Does Binance use SegWit or native SegWit?
SakuraSpirit
Fri Nov 29 2024
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7 answers
1879
I'm wondering if Binance, the cryptocurrency exchange platform, utilizes SegWit or specifically the native SegWit for their Bitcoin transactions. I'm curious about this because it affects transaction speeds and costs.
7 answers
Chiara
Sun Dec 01 2024
SegWit stands for Segregated Witness and it is a feature of the Bitcoin blockchain.
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BlockchainLegendary
Sun Dec 01 2024
With SegWit, the signature data that is part of a transaction is separated from the transaction data.
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SoulStorm
Sun Dec 01 2024
This separation leads to more efficient use of blockchain space and faster transaction processing times.
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DondaejiDelightful
Sun Dec 01 2024
Binance exchange offers a range of features for its users.
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SejongWisdomKeeperElite
Sun Dec 01 2024
One of these features is support for SegWit deposits and withdrawals.
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