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What exactly is Segregated Witness? (Segregated witness was officially activated in the 20XXs)

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What exactly is Segregated Witness? What exactly is Segregated Witness? In the

What exactly is Segregated Witness? (Segregated witness was officially activated in the 20XXs)

What exactly is Segregated Witness? What exactly is Segregated Witness? In the early days of Bitcoin, it helped people with peer-to-peer transactions and payment settlements. However, with the development and application of blockchain technology, this process has become increasingly complex. As the size of the cryptocurrency market is already large, many people consider these digital assets as a means of storing value, which is exactly what we need to understand today: what does Segregated Witness mean?

What is Segregated Witness?

For ordinary investors, they usually consider Segregated Witness as a relatively new concept because it does not directly involve any real economic or financial interests. In fact, most people are not aware that this new technology may have very broad potential applications. Although there are now some projects that provide similar services, before using them, they must first put their personal information in a secure place so that they can obtain this data through third parties and keep it as evidence. (Bitcoinist)

Segregated Witness was officially activated in the XXs

In 2018, the Ethereum mainnet launched the activation of Segregated Witness (SegWit). However, it was not officially activated and made public until early 2019. Although many developers have some understanding of Segregated Witness and clearly understand it, due to unfamiliarity with network protocols and related terminologies, these concepts have not been truly realized, leading some people to believe that this solution cannot be compared with the Bitcoin blockchain.

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