Are there any potential risks or concerns associated with the activation of SegWit in the digital currency space?

1 answers

• Jan 16, 2022 · 3 years ago
  From BYDFi's perspective, the activation of SegWit in the digital currency space presents both opportunities and challenges. On one hand, SegWit can improve the scalability of digital currencies, allowing for more transactions to be processed in each block. This can help reduce congestion and lower transaction fees. However, there are also potential risks and concerns to consider. One concern is the possibility of a chain split, which could create confusion and disrupt the network. Another concern is the compatibility of existing wallets and services with SegWit. Some wallets may need to be updated to support SegWit transactions, which could cause inconvenience for users. Despite these concerns, BYDFi believes that with proper planning and coordination, the activation of SegWit can bring significant benefits to the digital currency space.
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