Currently, about a third of all transactions in the bitcoin network are performed using the Segregated Witness (SegWit) protocol.
The rapid growth in the share of SegWit transactions began at approximately block 511097, mined on 27 February. At that time, the share of SegWit transactions stood at approximately 15.63%. Now, on the block 511310, it is 30.62%. That is, for a day it has grown almost twice.
Apparently, this jump is caused by the addition of SegWit support by the two largest crypto-exchanges Bitfinex and Coinbase and is fueled by the release of the latest version of Bitcoin Core, which supports SegWit by default.
Earlier, SegWit received support from other services, such as wallets Bitwala and Trezor. The most popular bitcoin wallet Blockchain.info plans to integrate SegWit support in the first quarter of this year.
It is also worth noting that last week average transaction fees in the bitcoin network fell to the lowest level in the last 18 months. One of the factors that fueled the decline in transaction fees is also believed to be wider SegWit support and the growth of Lightning Network.
Published at Thu, 01 Mar 2018 12:58:48 +0000