All eyes on SegWit

February 20, 2018

"When you can do the common things of life in an uncommon way, you will command the attention of the world."   

― George Washington Carver

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THE FEATURE

New Bitcoin Code Will Finally Boast Full SegWit Support

Segregated Witness (SegWit) is special.

And it's not just because the bitcoin code change is focused on scaling the network (it is), or that it paves the way for a new layer for the tech that's potentially faster and cheaper (it does).

Finally activated last August after months of controversy, SegWit is now spurring developers to put together a more structured, "themed" release for the software, an unusual development for the team behind the world's oldest and most valuable cryptocurrency network.

Most of the time when Bitcoin Core introduces new changes to the cryptocurrency's code, the loose group of volunteer developers simply combine disparate optimizations together. But this coming code release, 0.16.0, the sixteenth "major release" since bitcoin began, is a bit different.

Set to launch in the coming days, the updates all revolve around SegWit - with most focusing on making it easier to send SegWit-style transactions from the software's default wallet.

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