Cryptionary

SegWit

Segregated Witness

1. definition

SegWit is a transaction format which separates a transaction into two segments.

The first part contains the sender/receiver data, and the second part contains the unlocking - or witness - data. This is done to fix transaction malleability which is required to enable some second layer protocols like the Lightning Network

SegWit also increase the amount of transactions per block.

* All terms and definitions may update as the Cryptionary improves.

All terms

Minting Baton Mnemonic Mooning 🌕Multi Signature Node OP_RETURN Opcode Orphan Premining Privacy Coins Private Key Proof of Stake Proof of Work Public Key Pump and Dump Rekt Replace By Fee Satoshi Nakamoto Satoshis Schnorr Signatures SegWit SHA-256 Shill Shitcoin Simple Ledger Protocol Simplified Payment Verification Stop Limit Order Testnet Token Total Supply Transactions Per Second Transaction Transaction Fee Two Factor Authentication UTXO Volume Wallet Whale Zero Confirmation