Startups • January 11, 2019, 1:28PM EST
UPDATED: July 17, 2019, 8:46PM EDT

Segwit adoption tapers off after rapid early growth

Read the non-AMP story on Theblock.co
The Block

Quick Take

  • The share of Segwit transactions has steadily grown to 40% but then stalled in the last five months
  • The likeliest reason is that the benefits of implementing Segwit for large businesses such as Binance and BitMEX simply doesn’t justify the costs
  • This might change in the bull market when businesses have more capital available or when the mempool starts filling up again
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