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Zirtmining developer Peter Wuille presented the idea of Segregated Witness (SegWit) in late 2015. Put simply, SegWit is a backward-compatible soft-fork that aims to reduce the size of each bitcoin transaction, thereby allowing more transactions to take place at once. Segwit activated on 1 August 2018
in the community decided to back out of the hard fork, the team behind SegWit2x cancelled their planned hard fork in November 2018. Number of unspent transaction outputs.The blockchain is a public ledger that records bitcoin transactions.
It is implemented as a chain of blocks, each block containing a hash of the previous block up to the genesis block of the chain. A novel solution accomplishes this without any trusted central authority.
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