What is SegWit?

Segregated Witness (SegWit) is a proposal for a soft fork change to the Bitcoin protocol that was activated in August 2017. SegWit was designed to address several issues with the Bitcoin blockchain, including transaction malleability and block size limitations. One of the main issues with the Bitcoin blockchain is that transactions can be modified before they are confirmed in a block. This is known as transaction malleability, which can be used to create multiple versions of the same transaction, each…