https://jeiwan.net/tags/segwit/ Recent content in Segwit on Going the distance Hugo -- gohugo.io en Fri, 02 Mar 2018 16:58:56 +0700 https://jeiwan.net/posts/what-is-lightning-network/ Fri, 02 Mar 2018 16:58:56 +0700 https://jeiwan.net/posts/what-is-lightning-network/ Introduction As soon as the Bitcoin network started processing more-or-less significant number of transactions, it became obvious that the network is not scalable: the size of blocks is limited to 1 Mb, and since the number of transactions is growing, one day the limit will be hit and the mempool will start growing resulting in delayed transactions. This scalability issue gave birth to many Bitcoin clones, which pursued the goal of building a really scalable blockchain.