How can BTC native SegWit improve transaction speed?

3 answers

• Nitish ShekhawatMar 18, 2024 · a year ago
  BTC native SegWit, also known as Bech32 addresses, can improve transaction speed by reducing the size of transactions. This is achieved by removing the signature data from the transaction, which results in smaller transaction sizes. Smaller transactions can be processed more quickly by the Bitcoin network, leading to faster confirmation times and improved overall transaction speed.
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• ElviraNov 13, 2022 · 3 years ago
  Using BTC native SegWit can significantly improve transaction speed. By adopting this protocol, Bitcoin transactions can be processed more efficiently, allowing for faster confirmation times. This is because native SegWit reduces the amount of data required for each transaction, making them smaller and easier to process. As a result, users can enjoy quicker and more seamless transactions when using BTC native SegWit addresses.
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• pankaj guptaOct 14, 2022 · 3 years ago
  BTC native SegWit is a game-changer when it comes to transaction speed. With its adoption, transactions can be processed faster and more efficiently. This is because native SegWit reduces the transaction size by removing unnecessary data, such as signature data. As a result, the Bitcoin network can handle a larger number of transactions in a given time, leading to improved transaction speed and a better user experience. At BYDFi, we highly recommend using BTC native SegWit for faster and smoother transactions.
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