🔸Bitcoin wallet in Noda Wallet is built on the latest SegWit technology

Noda Network
1 min readNov 9, 2021

What is SegWit?

Segregated Witness (abbreviated as SegWit) is an implemented protocol update designed to solve the problem of the plasticity of Bitcoin blockchain transactions, as well as increase its throughput. A similar update has been implemented for some other cryptocurrencies such as Litecoin, DigiByte, Groestlcoin and Vertcoin.

SegWit is a “soft fork” and allows the network to function as before. However, the structure of data storage in the block and the transaction verification mechanism for full-fledged network nodes are changing. Now signatures and scripts are separated into a separate structure called a segregated witness. This allows the main block to accommodate more transactions and also eliminates ID variability of the same transaction.

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Noda Network

🔸Noda — это экосистема новых продуктов, для успешного ведения криптобизнеса: NodaWallet, Noda.Pay, NodaNetwork.