SegWit Now Comprises Almost Half of All Bitcoin Transactions

The overall percentage of Bitcoin transactions using Segregated Witness (SegWit) technology has climbed to all-time highs this week, approaching 40%.

May Sees SegWit Spike

Data from monitoring resource transactionfee.info reproduced on Twitter by investor and entrepreneur Alistair Milne shows steep growth in SegWit’s share beginning earlier in May.

The rise was likely fuelled by wallet and cold storage provider Xapo implementing the technology, Milne commented.

The company’s president Ted Roger confirmed the implementation separately May 24.

SegWit has seen an increasingly broad rollout across the Bitcoin industry in 2018. Allowing for lower fees and faster transactions, its appearance in August last year initially saw slow uptake, with major businesses such as Coinbase only offering its benefits to users months later.

As of press time May 25, SegWit had passed 38% of total Bitcoin transactions for the first time…

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