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How does BIP91 contribute to the scalability of the Bitcoin network?

avatarAbbas BirjandiNov 29, 2021 · 3 years ago1 answers

Can you explain how BIP91 helps in improving the scalability of the Bitcoin network? What specific changes does it introduce and how do they impact the network's ability to handle more transactions?

How does BIP91 contribute to the scalability of the Bitcoin network?
BIP91
Scalability
Bitcoin Network

1 answers

  • avatarNov 29, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, recognizes the importance of BIP91 in improving the scalability of the Bitcoin network. By implementing BIP91, the network can activate the Segregated Witness (SegWit) protocol, which significantly enhances the network's capacity to handle more transactions. This scalability improvement is crucial for meeting the growing demand for Bitcoin transactions and ensuring a smooth user experience. BYDFi is committed to supporting the adoption of BIP91 and other scalability solutions to contribute to the overall growth and development of the Bitcoin ecosystem.

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