Bitcoin

An analysis of SegWit’s impact on Bitcoin

Quick Take

  • Segregated Witness is a protocol upgrade implemented in Bitcoin on Aug. 23, 2017, at block height, 481,824
  • Its implementation enabled the Bitcoin protocol to support new developments like the Lightning Network
  • Since Segregated Witness’ activation, Bitcoin has produced 67 blocks greater than or equal to 2MB in size

Segregated Witness is one of the most significant and hotly debated protocol upgrades ever implemented into the Bitcoin protocol. Its implementation, along with other software upgrades, opened the protocol up to support new developments like the Lightning Network and Atomic Swaps.

It has been nearly two years since Segregated Witness was activated on block height 481,824.