When does Bitcoin SegWit become active?

3 answers

• Mar 12, 2022 · 3 years ago
  Bitcoin SegWit becomes active when a certain percentage of miners signal their support for it. Once this threshold is reached, the SegWit upgrade is locked in and becomes active. It's a consensus-based process that aims to improve the scalability and efficiency of the Bitcoin network.
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• Mar 12, 2022 · 3 years ago
  SegWit activation is determined by the signaling of miners. Once a sufficient number of miners signal their support, SegWit becomes active. This upgrade brings several benefits to the Bitcoin network, including increased transaction capacity and reduced transaction fees.
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• Mar 12, 2022 · 3 years ago
  Bitcoin SegWit becomes active when a supermajority of miners signal their support for it. This consensus mechanism ensures that the upgrade is widely accepted by the network. Once activated, SegWit enables the implementation of second-layer solutions like the Lightning Network, which can significantly improve Bitcoin's scalability and transaction speed.
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