SegWit's 2017 intro in Bitcoin was key for the Lightning Network. It increased block capacity and fixed transaction malleability, enabling faster, off-chain transactions. This advancement made Bitcoin more scalable and paved the way for instant, microtransactions.
#Bitcoin #SegWit #LightningNetwork #Entertainment #Nostrich #GrowNostr #repost #420 #weedstr #Bitcoin #GSBAM
Did this also paved the way for Taproot?is it also correct that the taproot paved the way to these ordinals?
Yes it did as well. (segwit) pave the way for all this to happen from ⚡ to $ordi
But to be frank I also posted another post and inscriptions been on the block chain since block one.
So idk where u stand Satoshi made the first nft technically
Does this affect the whole network or the all Bitcoin users?I mean with increasing fees i believe is the argument?I am new at this so forgive my line of questioning...
Can it also affect the wallets specially spv?
It's all good 🫡
That part of the fight is the high fees / waste of precious block chain space.
The fee are high but ask for who?
Especially when most people are holding and not transacting with it.
The ones I see complaining about high fees are the people trying to buy ordi.
But yes the only people hyped are the miners because they making money.. But for the on chain user yeah it hurts . For ⚡ it hurts when they close they channel.
But there money to be made and this is now #Bitcoin history.
As far as wallets u should be good. Simple payment verification if that's what I think it is is lightweight wallet which I don't use... But it should be fine if you into to that.
