SegWit Simplified
(WorldNews India)

The recent past has seen an increasing number of people joining the pack of Bitcoin traders and enthusiasts. Each Bitcoin transaction is recorded in a peer-to-peer network of systems, called the blockchain. These systems or nodes, administer all the bitcoin transactions, a copy of which are virtually sent to all the nodes in the blockchain.Why do we need SegWit? Analogous to every computation process, every bitcoin transaction has an input and an output.While the information of the sender form the inputs, the outputs are the information of the recipient. This information is the public address of the sender and the recipient.A third component of the transaction is the digital signature, or...