Day 2: I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today

Subhan Nadeem has pointed out that:

If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.

A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions Segwit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy Segwit for everyone ASAP. Let's make it happen.

Exchanges: Find out if your exchange has deployed Segwit already. If not, politely request that they do so within 30-days or they will lose your business. Sign-up for an account with a Segwit deployed/ready exchange now

  • Bitfinex
  • Bitonic
  • Bitstamp (deployed)
  • Gemini
  • LocalBitcoins
  • Shapeshift
  • HitBTC

Full list: https://bitcoincore.org/en/segwit_adoption/


Wallets: Make sure you have a Segwit capable wallet installed and ready to use for your next bitcoin transaction

Hardware Wallets:

  • Ledger Nano S
  • TREZOR

Desktop Wallets

  • Electrum
  • Armory

iOS Wallets:

  • Edge (AirBitz rebranded)
  • GreenAddress

Android Wallets

  • Samourai Wallet
  • GreenBits
  • Electrum

FAQs

If I'm a HODLer, will it help to send my BTC to a Segwit address now?

  • No, just get ready now so that your NEXT transaction will be to a Segwit wallet.

Can you please tell me how to move my bitcoins to segwit address in Bitcoin core wallet? Does the sender or receiver matter?

  • The Bitcoin core wallet does not yet have a GUI for its Segwit functionality. Download Electrum v3.0.3 to generate a Segwit address.

    via HowToToken.com:

    A transaction between two SegWit addresses is a SegWit transaction.

    A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.

    A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a Segwit Tx if the sending address is a Segwit address.

Is there a hardware wallet that does segwit addresses?

  • Yes, Trezor supports Segwit by default. Ledger Nano also has support.

What wallet are you using to "batch your sends"? And how can I do that?

  • Using Electrum, the "Tools" menu option: "Pay to many".

    Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.


Segwit blog guides


Previous Day's Threads

Edit: added FAQ's to the list, corrections

submitted by /u/Bastiat
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Bitcoin – The Currency of the Internet

I just want to say, I’m excited we get to see both dominant scaling methods in action. A market test is the only way we will ever truly know the eventual consequences of both.

The fact that the market for consensus networks develops and diverges ideologies/technical differences by splitting the network and actually trying both methods is just awesome. While this is clearly not over, and there will likely be some serious bumping around, it does seem that we might actually be able to go our separate ways, and design and build upon separate systems that share a history.

This technology is the most fascinating thing that I have ever learned about. Even after 7 years I still feel like I spend all of my time learning, only to better understand how little I actually know. It never ceases to amaze. Long live Bitcoin XD

submitted by /u/Cryptoconomy
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Bitcoin

PSA: Want to see SegWit and a glimpse of BTC future in action? Witness the activation today on Litecoin.

Today SegWit gets activated on litecoin. This brings a lot of new features and fixes into the game – and should give us also some insights for SegWit activation on bitcoin. http://litecoinblockhalf.com/segwit.php

In a few hours from now.

More Infos on SegWit benefits for btc: https://bitcoincore.org/en/2016/01/26/segwit-benefits/

submitted by /u/greeniscolor
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Bitcoin