RATE Group | Bitcoin SegWit Transactions Hit 50% for the First Time
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Bitcoin SegWit Transactions Hit 50% for the First Time

06 Oct Bitcoin SegWit Transactions Hit 50% for the First Time

Posted at 16:01h in Bitcoin News by

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After a steady growth for the past year, SegWit now comprises half of the total Bitcoin transactions. Just recently, Coinbase, crypto hardware wallet KeepKey, and another crypto wallet BRD enabled support for SegWit protocol.

SegWit now comprises half of the total Bitcoin transactions

According to the data from Transactionfee.info, SegWit has crossed 50 percent mark for the first time after going through constant uprise in its adoption.

First proposed in late 2015 by Pieter Wuille, Segregated Witness (SegWit) has been a controversial upgrade that improves the transaction capacity of the Bitcoin network by reducing the size of bitcoin transactions and thus reducing fees for users.

Slow on the uptake, SegWit has been on a gradual ascent. A couple of days back, it took a jump from just 42 percent to about 53 percent. However, the next day it went down to 45 percent yet again as shown in the chart below.

bitcoin

The faster and cheaper Bitcoin transactions enabler, SegWit protocol saw a good…

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