What is Segregated Witness? |
Segregated Witness is a Bitcoin protocol upgrade that separates the digital signature from the transaction data. |
What is the purpose of implementing Segregated Witness? |
The purpose of Segregated Witness implementation is to increase Bitcoin's transaction capacity and fix transaction malleability issue. |
How does Segregated Witness help in fixing transaction malleability issue? |
Segregated Witness fixes transaction malleability issue by allowing advanced scripts and signatures to be removed from the transaction data. |
What is the witness data in a Bitcoin transaction? |
The witness data in a Bitcoin transaction includes the digital signatures and other related data from the scriptSig and scriptWitness fields. |
What is the block size limit for SegWit enabled transactions? |
The block size limit for SegWit enabled transactions is 4 Megabytes. |
What is transaction malleability issue in Bitcoin? |
Transaction malleability issue in Bitcoin is a potential attack vector where a malicious user can slightly modify a Bitcoin transaction ID before it is confirmed on the blockchain. |
What are the benefits of Segregated Witness? |
The benefits of Segregated Witness include increased transaction capacity, reduced transaction fees, and improved security for advanced scripts. |
What is the difference between SegWit V0 and SegWit V1? |
SegWit V0 is the initial version of Segregated Witness, which was activated on August 23, 2017, while SegWit V1 introduced a new transaction format for even more effective use of space on a Bitcoin block. |
How does SegWit enable more transactions per block? |
SegWit enables more transactions per block by separating the witness data from the transaction data, reducing the size of the transaction data, and allowing for more data to fit inside each block. |
Is it mandatory to use SegWit for Bitcoin transactions? |
No, it is not mandatory to use SegWit for Bitcoin transactions; it is an optional feature that users can choose to use or not. |