What is Segwit? Segregated Witness Explained Simply

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Segwit is an upgrade to the Bitcoin protocol that separates the digital signature (also known as “the witness”) form the transaction. This creates a fix to several issues with the Bitcoin protocol and also allows for more transactions to fit within a 1mb block.

That’s Segwit in a nutshell. If you want a more detailed explanation watch the complete video, here’s what I’ll cover:

0:46 - What is Segwit?
1:06 - Bitcoin transactions in a nutshell
1:36 - Bitcoin's scalability issue
1:52 - Bitcoin's malleability issue
3:29 - Malleability exploit example
4:24 - How Segwit works
4:54 - Legacy tx vs. Segwit tx
5:25 - Segwit advantages
5:57 - Soft fork vs. Hard fork
7:08 - Block weight explained
8:56 - Legacy vs. Segwit continued
9:12 - Segwit support
9:39 - Conclusion

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