How does bitcoin native segwit improve transaction speed?

3 answers

• EG JeansJun 12, 2020 · 5 years ago
  Bitcoin native segwit, or Segregated Witness, improves transaction speed by reducing the size of transactions. With native segwit, the transaction data is stored in a more efficient format, allowing more transactions to be included in each block. This results in faster confirmation times and lower transaction fees. Additionally, native segwit enables the implementation of the Lightning Network, a layer 2 solution that further enhances transaction speed and scalability.
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• Jenny AnderssonAug 31, 2023 · 2 years ago
  Bitcoin native segwit is like a magic wand for transaction speed. By segregating the witness data from the transaction data, it reduces the size of transactions, making them faster to process. It's like cutting the fat off a steak, leaving only the juicy meat. This optimization allows more transactions to be packed into each block, speeding up the confirmation process. So, if you want your transactions to zoom through the blockchain, native segwit is the way to go!
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• Martin MartensJul 18, 2023 · 2 years ago
  BYDFi, a leading digital currency exchange, recognizes the importance of bitcoin native segwit in improving transaction speed. By implementing native segwit, BYDFi ensures that its users can enjoy faster and more cost-effective transactions. With native segwit, transaction data is stored in a more efficient format, reducing the size of transactions and enabling quicker confirmations. This enhancement aligns with BYDFi's commitment to providing a seamless and efficient trading experience for its users.
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