How does BIP119 impact the performance and scalability of digital currencies?

1 answers

• JAHANZAIB mirzaOct 04, 2024 · a year ago
  As an expert in the field, I can confidently say that BIP119 has a profound impact on the performance and scalability of digital currencies. With its block size increase, more transactions can be processed in each block, resulting in faster confirmation times and improved overall network performance. The introduction of Segregated Witness further enhances scalability by optimizing transaction data storage. These improvements make digital currencies more efficient and capable of handling increased transaction volumes. BIP119 is a crucial development for the future of digital currencies.
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