Getting enlighten by the week 3 lecture conducted by @gbenga , I am so privilege to know more about all I can do with bitcoin.
TASK
SEGWIT BITCOIN NETWORK OR LEGACY BITCOIN NETWORK, WHICH DO YOU PREFER AND WHY?
WHAT IS SEGWIT BITCOIN NETWORK?
SEGWIT {SEGREGATED WITNESS} there is increase in size of blocks as digital signature are segerated from transaction data. i.e there is increase in block size of transaction from 1megabyte to 4megabyte.
WHAT IS LEGACY BITCOIN NETWORK?
It's the original bitcoin network . The address support all exchanges and wallets. They can be easily identify as they start with "1"..jpeg)
I prefer Segwit bitcoin network to legacy bitcoin network, because Segwit helps in solving bitcoins biggest problems when it comes to time in transaction i.e Segwit bitcoin network speeds us faster compare to legacy bitcoin network.
Using Segwit bitcoin network , it makes larger number of transaction at a very fast speed and a cheap rate compare to legacy bitcoin network which is slower in speed as the number of transaction grows bigger..
A big appreciation to our professor @gbenga for explaining more about bitcoin.
Thanks for reading........
Steem to the world
Hello friend, I was going to talk about your post length but it is visible that @onos-steve already did. To be candid, your post is short, furthermore, your post isn't properly organized as the markdown /editor styling is poor. You should improve on this.
Thanks
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@fluzxy, your post is informative but I'll advise you enumerate further so you can have not less than three hundred words in your post. I think there's a post specification of not less than three hundred words for the crypto Academy homeworks. But nevertheless your post is very insightful. Thanks and have a blessed day.
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Noted!!!.. i appreciate @onos-steve
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I love this your post but I think it short
I just my observation
Don't be offended
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Noted!!!!.... I appreciate your observation @ayomide1110
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