Lower lows play out for Bitcoin
Crypto markets struggle to maintain any sort of bullish momentum this week.
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What are gas fees?
Gas is the fuel of the Ethereum blockchain. Every transaction that occurs on the Ethereum network requires gas. Gas helps Ethereum calculate the fees needed to execute a given action, and it ensures load-balancing across the network, and it attracts more miners to the network.
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What is SegWit?
Segregated Witness, also known as SegWit, was implemented on the Bitcoin network to improve scalability. SegWit reduces the data involved in a transaction by stripping the digital signature from the transaction data and moving it to a point in the structure later in the transaction.
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What is a fork?
Forks are a natural way for blockchains to evolve. A fork in a blockchain is when developers create a new blockchain protocol, related to an existing blockchain protocol, to create a different version of the blockchain. This is in the interest of changing or updating a blockchain protocol.
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What is the Lightning Network?
The lightning network is Bitcoin’s solution to its scalability issues. Bitcoin has slow confirmation times and expensive transaction fees which limit growth and adoption. The Lightning Network aims to allow transactions to occur off-chain, so transactions don't need to be verified on the blockchain.
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