What is Sigwit?
It is used to solve the problem of Bitcoin scaling
SeagWate increases the maximum size of the BitQueen block and allows implementation of second-tier solutions to increase optimization.
Current problems of biotechnologies arise mainly from inadequate mass volume.
Where the group of consecutive blocks of transactions (remittances) called Blockxin and Biloxin turn is a ledger where all the transactions in the network are recorded so far and is considered the lifeblood of digital currencies.
The problem now is that each block has a code of one megabyte. This is not enough to calculate the hundreds of transactions that users try to send every minute, and as a result we wait for a lot of time sometimes to confirm the conversion process sometimes takes hours, hours and even days. Transaction density remains at the same time while the maximum size of the block is the same, which means that the problem is getting worse and more persistent.
This is why developers have resolved this problem
First
SeagWate works as it allows instant increase of maximum block size from one megabyte to four megabytes.
Of course four megabytes is the absolute maximum mass while the actual block size will depend on the network conditions and is expected by experts to be in the range of about 1-2 megabytes immediately after the activation of SegWate.
Second
By solving the scalability of the transaction, Sigweet eliminates what was to be a simple problem for the Betcone itself, but a major concern in implementing the second layer solutions on its head.
It is expected to allow a significant increase in network capacity by moving the bulk of the transaction on the proximal for rapid processing.
What has not been activated now?
Seagate is activated as soon as 95% of the network is in the signals of retail power to support it.
If support for a new set of rules is not enough, it may lead to a hard-circulating hard currency, where a large part of the network goes forward and becomes a new client, but some decide to settle in the old one. This leads to the simultaneous existence of digital currencies with a different set Of rules competing with each other for users.
This scenario may lead to unpredictable results and is likely to have a strong negative impact on the value of both currencies, at least in the short term in order to avoid the hurdle of Facebook. The developers will develop a specific base in the program where they will not be activated unless they receive support Almost unanimously 95% of the network.
Currently the support level is 32 to 33.8% which is a very low support level because there is a large block of users who oppose the update on different grounds.
What are the main arguments against Seagate?
Key points against Segwayt can be divided into three groups: technical, political and ideological.
Some argued that Segwayet in its current state would not be able to solve the problems it promised to solve.
One of the main arguments here is to increase the size of the block proposed by the update is not sufficient to meet the growing needs of the database for Bitquin users.
It seems that the majority of experts agree on the high efficiency of Sigwete developers as well as the hardness of the technology itself however it is almost impossible for a person who is not a programmer to evaluate the validity of the arguments proposed by both sides.
The fact that the debate is not only purely technological, but also has a political aspect that only complicates things, and a large number of people working on Segwayt are also working by a company called BlockStream, whose main product is side-by-side solutions.
Some people claim that this creates a conflict of interest as developers are motivated to block attempts to increase the volume of the mass in order to increase the term demand for side-chain solutions such as the Lightning Network. There is no conclusive evidence of this claim but a large part of the society still chooses to believe in it and oppose Segwayt.
The main ideological argument for modernization is that it does not provide scalability while maintaining a sufficient degree of decentralization in the Betcoin network. As previously stated, Segwayet will solve the long-term problems with the insufficient deal capacity of the Betcone except to allow the implementation of second class solutions The second is like the Lightning Network.
The problem that some people see here is how sidechains work, in order not to rely on the very busy proxies, moving the currency to a second tier system in which all transactions are handled by a reliable third party without having to be transmitted over the entire network Saving a lot of resources and time.
Who supports Segwayet then?
A wide range of individuals and companies have supported Segwayt at some point in the past and when it comes to companies implemented their software support.
More than 100 of the most prominent companies in this industry and development have implemented support for Segwayet or are still under planning and work to find them
https://bitcoincore.org/en/segwit_adoption/
In addition, many prominent individuals known for their work in the Bitquin community have made clear their support for Segwayet on Twitter and other platforms, including Andreas Antonopoulos, Samson Moe, Charlie Lee and others
Of course, direct support comes from the metal, with more than 33.8% supporting Segwayt
The current support level can always be checked here