RATE Group | Bitcoin Network SegWit Adoption Hits 66% After BitMEX Embraces Upgrade
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Bitcoin Network SegWit Adoption Hits 66% After BitMEX Embraces Upgrade

05 Jan Bitcoin Network SegWit Adoption Hits 66% After BitMEX Embraces Upgrade

Posted at 14:37h in Bitcoin News by

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More Bitcoin (BTC) transactions now use so-called Segregated Witness (“SegWit”) technology than ever before, the latest data shows. 

According to various resources including SegWit.Space, adoption of the protocol has reached up to 66% of all Bitcoin transactions as of Jan. 4. 

Two in three BTC payments now SegWit

The volume underwent a significant increase in late 2019, jumping from around 40% in September to nearer 60% in October. 

The statistics, however, are subject to variation. SegWit.Space, a dedicated monitoring resource, lists current SegWit propagation as 66%. Other charts, such as transacationfee.info and Woobull, the data resource by statistician Willy Woo, currently put the figure at around 59%.

All three nonetheless agree on the general trend as highly bullish for SegWit, which has had a long road to acceptance since its release in 2017. 

Bitcoin network SegWit transaction growth

Bitcoin network SegWit transaction growth. Source: SegWit.Space

Straggler exchanges come on board

Designed to increase the speed…

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