Segregated Witness (SegWit)
By CoinGecko | Updated on Mar 03, 2020
Formally "Segragated Witness (Consensus Layer)" or BIP141, Segwit removes digital signature data and moving it to the end of a transaction to free up capacity. Transactions are essentially split (or 'segregated'), into two segments: the original data segment and the signature (or 'witness') segment. The declared purpose of Segwit was to prevent nonintentional bitcoin transaction malleability, allow optional data transmission, and to bypass certain protocol restrictions (such as the block size limit)
Related Terms
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)
An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.
Full Node
Full Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
Wei
The smallest fraction of an Ether, with each Ether to 1000000000000000000 Wei.
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