Post
Topic
Board Bitcoin Discussion
Why aren't we all using segwit addresses?
by
eternalgloom
on 21/12/2017, 20:31:00 UTC
Anyone who's also subscribed to the Bitcoin subreddit might have already seen this post, but I feel it should be shared here too.

https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/

Here's the most important quote from the post, but go and read the whole thing yourself, it's definitely worth it!


Quote
Subhan Nadeem has pointed out that:

If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.

A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions Segwit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy Segwit for everyone ASAP. Let's make it happen.

Exchanges: Find out if your exchange has deployed Segwit already. If not, politely request that they do so within 30-days or they will lose your business. Sign-up for an account with a Segwit deployed/ready exchange now

I would suggest everyone to look into segwit addresses and use them, you'll save a lot on transaction fees, as the size of segwit transactions is a lot smaller than that of a regular transaction.
There's a list of segwit enabled wallets and exchanges in that Reddit post.