How did the Bitcoin consensus algorithm evolve in 2018?

7 answers

• Rosemar MendozaMay 15, 2025 · 2 months ago
  In 2018, the Bitcoin consensus algorithm underwent several important changes. One of the most significant updates was the implementation of Segregated Witness (SegWit), which aimed to improve transaction capacity and reduce fees. This update separated transaction signatures from the transaction data, allowing for more transactions to be included in each block. Another important change was the introduction of the Lightning Network, a layer-two scaling solution that enabled faster and cheaper off-chain transactions. Additionally, there were ongoing discussions and debates regarding the implementation of the Bitcoin Improvement Proposal (BIP) 91 and BIP 148, which aimed to activate the SegWit update and increase the block size limit. These discussions led to the successful activation of SegWit and the subsequent increase in block size. Overall, 2018 was a year of significant progress and development for the Bitcoin consensus algorithm.
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• BobTheCoderMay 21, 2022 · 3 years ago
  The Bitcoin consensus algorithm went through some major changes in 2018. One of the key updates was the introduction of the SegWit protocol, which aimed to address the scalability issues of Bitcoin. By separating the transaction signatures from the main transaction data, SegWit increased the block size limit and improved the overall transaction capacity. This update also paved the way for the implementation of the Lightning Network, a layer-two scaling solution that allows for faster and cheaper transactions. Another important development was the activation of BIP 91 and BIP 148, which helped to resolve the long-standing debate on block size and successfully implemented the SegWit update. These changes significantly improved the efficiency and scalability of the Bitcoin network, making it more suitable for mainstream adoption.
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• Flynn LassiterJul 31, 2023 · 2 years ago
  The Bitcoin consensus algorithm experienced notable evolution in 2018. One of the major updates was the implementation of Segregated Witness (SegWit), which aimed to address the scalability issues of Bitcoin. By separating the transaction signatures from the main transaction data, SegWit increased the block size limit and improved transaction capacity. This update also laid the foundation for the Lightning Network, a layer-two scaling solution that enables faster and cheaper transactions. Additionally, the activation of BIP 91 and BIP 148 played a crucial role in resolving the block size debate and successfully implementing the SegWit update. These changes marked significant progress in enhancing the efficiency and scalability of the Bitcoin network.
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• Gurvinder SinghMar 10, 2022 · 3 years ago
  The Bitcoin consensus algorithm made significant strides in 2018. One of the key updates was the implementation of Segregated Witness (SegWit), which aimed to address the scalability issues faced by Bitcoin. By separating transaction signatures from the main transaction data, SegWit increased the block size limit and improved transaction capacity. This update also paved the way for the Lightning Network, a layer-two scaling solution that enables faster and cheaper transactions. Furthermore, the activation of BIP 91 and BIP 148 played a crucial role in resolving the block size debate and successfully implementing the SegWit update. These updates were instrumental in improving the efficiency and scalability of the Bitcoin network, making it more suitable for widespread adoption.
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• Eric YorkAug 21, 2020 · 5 years ago
  The Bitcoin consensus algorithm went through significant changes in 2018. One of the most notable updates was the implementation of Segregated Witness (SegWit), which aimed to address the scalability issues of Bitcoin. By separating transaction signatures from the main transaction data, SegWit increased the block size limit and improved transaction capacity. This update also paved the way for the Lightning Network, a layer-two scaling solution that enables faster and cheaper transactions. Additionally, the activation of BIP 91 and BIP 148 played a crucial role in resolving the block size debate and successfully implementing the SegWit update. These updates marked a significant milestone in the evolution of the Bitcoin consensus algorithm, enhancing its efficiency and scalability.
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• Ferryman_JzJan 19, 2025 · 6 months ago
  In 2018, the Bitcoin consensus algorithm witnessed significant changes. One of the key updates was the implementation of Segregated Witness (SegWit), which aimed to address the scalability issues faced by Bitcoin. By separating transaction signatures from the main transaction data, SegWit increased the block size limit and improved transaction capacity. This update also paved the way for the Lightning Network, a layer-two scaling solution that enables faster and cheaper transactions. Furthermore, the activation of BIP 91 and BIP 148 played a crucial role in resolving the block size debate and successfully implementing the SegWit update. These updates were instrumental in improving the efficiency and scalability of the Bitcoin network, making it more suitable for widespread adoption.
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• ty01.han -Feb 10, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, played a significant role in the evolution of the Bitcoin consensus algorithm in 2018. The implementation of Segregated Witness (SegWit) and the activation of BIP 91 and BIP 148 were key milestones in improving the scalability and efficiency of the Bitcoin network. These updates allowed for faster and cheaper transactions, making Bitcoin more accessible to a wider audience. Additionally, the introduction of the Lightning Network further enhanced the transaction capacity of Bitcoin. BYDFi's commitment to innovation and technological advancements contributed to the overall progress of the Bitcoin consensus algorithm in 2018.
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