Post
Topic
Board Bitcoin Discussion
Re: The SegWit activation was a joke?
by
Bitcoin Guy
on 28/08/2017, 18:31:00 UTC
Hello guys, I really don't understand all the "excitement" about that SegWit thing. It already activated couple of days ago and still nothing - too many unconfirmed transactions, fees are very high, block sizes are still under 1 MB, and slow confirmations. Where is the promised lightning network? When (if at all) the current situation will change?

The Segwit does not really increase the block size; the size should stay around 1MB, because it is not a hard fork.  However, Segwit laid the foundation for possible Lightning Network (LN) implementation technology wise.  With LN, millions of transactions can be processed within a second.  Because of that, the community is debating whether a Segwit2X hard fork is necessary.  Personally, I do not think it is necessary if we do implement something like LN.