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Meaning of SegWit

It is an acronym of Segregated Witness. This is the change done in the way Blockchain handles transactions which may include signature separation and block size increment to make transactions process faster with lesser TX Fee.

Most notable Blockchain that implemented it so far includes but not limited to LTC, BTC etc. UPDATE: Segwit was officially implemented in Bitcoin Blockchain on 26thFebraury,2018.

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