/biz/ - Business & Finance

>>2953489
>>2953502
It literally does not you shills.

https://blockstream.com/2017/07/31/segwit-myths-debunked.html

How many times do I have to link this article? My god.

Myth #5: SegWit takes transactions off chain.

SegWit does not take transactions off chain. SegWit increases capacity by making blocks bigger, upgrades a number of bitcoin features, and provides a bug fix – specifically a transaction malleability fix – to improve multi-clause contracts. The transaction malleability fix does benefit payment channel mechanisms such as Lightning, but SegWit as a whole benefits everyone using the Bitcoin blockchain, regardless of whether or not Lightning would also be of interest to them.

Although Lightning uses SegWit, it is a separate technology. Every Lightning transaction is a valid Bitcoin transaction that can be posted to the Bitcoin chain, but Lightning provides a caching mechanism so that most transactions are netted between Lightning users without needing to be written to the chain. In that sense Lightning does delay and replace transactions (via netting) that might otherwise go on chain. This creates more capacity for more usage, opens up new use cases and applications, and enables new economic activity that wasn’t possible before.

But other than Lightning being made better with SegWit, SegWit itself does not take transactions off chain.

Do you have a moment to talk about Bitcoin Cash?