SegWit Usage For Bitcoin Spikes Following Blockchain.com Support

Segregated Witness, or SegWit, can make a meaningful difference on that front, yet its usage levels were always relatively low.

No one knows why that is the case, but without support from these providers, the adoption of SegWit will remain very low.

There is still much room for improvement, even though everyone will benefit from paying lower transaction fees when spending BTC.

Announcing something on this level on April 1st is either a clever marketing stunt or a way to troll.

Although it remains unclear if all users make use of SegWit in the future – some might even leave the platform because this solution is now integrated – it remains intriguing.

When the most significant Bitcoin wallet provider supports this solution, it is only normal to see the overall numbers go up.

Unfortunately, it would appear the overall network volume occurring via Segregated Witness is not noting much of an increase.

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