common-close-0
BYDFi
Trade wherever you are!

What is the current adoption rate of segwit in the bitcoin community?

avatarGOKUL KDec 18, 2021 · 3 years ago3 answers

Can you provide an update on the current adoption rate of segwit in the bitcoin community? How many users have adopted segwit and what percentage of bitcoin transactions are now using segwit?

What is the current adoption rate of segwit in the bitcoin community?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Segwit adoption in the bitcoin community has been steadily increasing since its implementation in August 2017. As of the latest data, approximately 70% of bitcoin transactions are now using segwit. This is a significant increase from the initial adoption rate and shows that more users are recognizing the benefits of segwit, such as reduced transaction fees and increased transaction capacity. It is important to note that the adoption rate may vary among different wallets and exchanges, but overall, the trend is positive for segwit.
  • avatarDec 18, 2021 · 3 years ago
    The current adoption rate of segwit in the bitcoin community is quite impressive. According to recent statistics, around 70% of bitcoin transactions are now utilizing segwit. This indicates a growing recognition of the advantages that segwit brings, including faster and cheaper transactions. It is worth mentioning that the adoption rate may differ among various wallets and platforms, but the overall trend is towards wider adoption of segwit.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the field, I can confirm that the current adoption rate of segwit in the bitcoin community is around 70%. This means that the majority of bitcoin transactions are now using segwit, which is a significant milestone. The adoption of segwit has been driven by its numerous benefits, such as lower fees and increased scalability. It is important for users to update their wallets and exchanges to support segwit in order to take advantage of these benefits. At BYDFi, we have also seen a steady increase in the number of users adopting segwit, and we continue to encourage its usage for a better bitcoin experience.