Quote from: Mahirap on August 10, 2017, 04:45:19 AM

Quote from: elebit on August 09, 2017, 08:49:10 PM

Segwit will reduce fees, but only after you move your coins to a segwit address (in a segwit capable wallet).

So it will still take some time until we reap the full benefits.

Hello Elebit, may i ask you something? What does segwit means? I kept on searching on some search engines still, it's hard to understand for me as a newbie. any explanations for me to keep it simple for a newbie?

Cheers!

you don't need to worry about it. think about SegWit as a different way that your bitcoin transactions are made. do you know how they are made now, how they are signed,...? if not then don't add to out confusion

although if you are interested you can read these:
https://bitcoincore.org/en/2016/01/26/segwit-benefits/
more technical details:
https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki
https://github.com/bitcoin/bips/blob/master/bip-0143.mediawiki
https://github.com/bitcoin/bips/blob/master/bip-0144.mediawiki

there are also youtube videos but i've never watched that many to want to recommend a proper one.