My question is how to explain segwit with using simple words, there is many technical analysis, explanations. Here in thread people mostly talk about supporting segwit and how to support it, will wallet's be updated for segwit.
My question is simple, what is SegWit, what this actually do? What we can gain with using SegWit? Is there some simple explanation for all this questions?
I don't claim to be any kind of expert either or even to know if important points are being left out of any kind of explanation... Nonetheless, I thought that the below linked about 11 minute video was decently basic, in regards to Seg wit.
https://www.reddit.com/r/btc/comments/5eambr/segregated_witness_explained_with_thanks_to_luke/