Segregated Witness (Segwit) is now live on the bitcoin network. During the first 24-hours of activity, some individual bitcoiners and companies began testing Segwit transactions. On August 24 some businesses like Trezor, Ledger Wallet and Openbazaar announced their wallets were “Segwit ready.”
Then on August 25, software developer Justin Camarena, announced he crafted a transaction that led to a mined block over the 1MB block size limit. Block 481947 was 32KB larger than 1MB and confirmed 2164 transactions worth over $9M. Camarena works for the merchant Bitrefill and says the company sends these types of transactions all the time. He says if more businesses jumped on board with Segwit transactions people would see a difference.
“We’re a merchant, we have these [types of transactions] all the time,” explains Camarena. “Very similar to exchanges, except they have more outputs depending on how they do it. But yeah, if only a few more moved to segwit we’d get the ball rolling.”
"We received all those as incoming payments, and I aggregate them to another wallet in low fee periods. All further aggregations at Bitrefill.com will be with Segwit as will all incoming payments."
Full story at http://bit.ly/2xqaXRB
Source: Bitcoin News
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