One Year Later, What’s Holding Back SegWit Adoption on Bitcoin?

It’s been over a year since the scaling upgrade known as segregated witness, or SegWit, was activated on the bitcoin network.

Even so, only an estimated 36 percent of all bitcoin transactions are actually using it.

Why the minimal adoption rate? It’s largely because, like any backward-compatible upgrade (otherwise called a soft fork), SegWit ensures participants in the bitcoin network that haven’t upgraded to the same software can still follow the same network only under a slightly less-restricted ruleset.

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