Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Development & Technical Discussion
Re: Segwit Adoption. I looked at some data, and we are not there yet.
by
tranthidung
on 31/08/2021, 06:19:23 UTC
Quote from: tranthidung on August 25, 2021, 10:20:43 AM
  • More impressively, this growth is opposite with the decreases from 1- and 3-address since January 2021, especially since May 2021. It means, Bech32-address actually takes over 1- and 3-address types. Its growth does not only come from the bigger adoption of Bitcoin
PlanB discovered the same growth of Segwit adoption. He tweeted there

Quote
bitcoin fees (blue line) are low since this summer. This is not because of low transactions (low demand for blockspace), but because a large exchange (I will not say who) finally implemented segwit transactions. Segwit adoption (yellow line) is now ~80%. Expect fees to stay low.
The x-axis label does not show specific months but from the chart of PlanB, I guess the growth occurs around May or June 2021. That matches my findings above.