đTechnologies like SegWit, Mempool, and Lightning Network are preparing Bitcoin for global mass adoption!
đčSegWit: More efficient transactions on Bitcoin! Segregated Witness (SegWit) separates signatures from the main data, reducing transaction size and allowing more transactions per block. This improves network scalability and facilitates adoption. SegWit addresses, starting with "bc1q", are more efficient and leverage these benefits.
đčMempool: The waiting room for Bitcoin transactions! When a transaction is sent, it stays in the Mempool until it is confirmed by mining. With more SegWit transactions, the Mempool becomes less congested and the process is more efficient.
đčLightning Network: Instant and cheap payments! The Lightning Network creates payment channels off the main blockchain, allowing for fast transactions with low fees. Only the opening and closing of channels are recorded on the blockchain. Currently, 5000 BTC are processed daily, demonstrating increasing adoption.
đWith these innovations, Bitcoin is more ready than ever for the future!