Quote from: Olaphash on November 04, 2019, 07:23:06 PM

you don't have to wait for a senior member to correct you as there are also some forum members below your rank with more explanatory answers to what you may not understand.

I know this forum is full of Legends of Bitcoin. With Senior member I actually referred to members who are here for long time, not necessarily with higher rank, I believe in experience Cheesy

Nevertheless, anyone can share their opinion if they have something to add here.

Quote from: o_e_l_e_o on November 04, 2019, 07:40:48 PM

What using SegWit addresses does is make any resulting transaction smaller in terms of bytes, so the same fee rate in sats/vbyte works out as a smaller overall fee in sats. If you were to pay the same overall fee in sats as an identical transaction from a Legacy address, then your fee rate (sats/vbyte) would be higher, and therefore lead to a faster confirmation.

This is very confusing to everyone. So, segwit has nothing to do with fee(affecting indirectly though), it was generally implemented for reducing the transaction size? I used to think that it was for reducing fee.