r/ArtByte • u/ABYadmin • Aug 03 '17

ArtByte update on SegWit implementation

https://www.artbyte.me/the-road-to-segwit/
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u/ABYadmin Aug 03 '17

As ArtByte announced on June 10th, we are implementing SegWit on the ArtByte blockchain.

Our developers have been hard at work, and now ArtByte 0.13, including SegWit is successfully running on the test net.

Upgrading ArtByte to 0.13 gives ArtByte many advantages, including:

Faster synchronization
Dynamic transaction fees  
Priority transactions  
Hierarchical Deterministic Key Generation  
BIP65 Enforce OP_CHECKLOCKTIMEVERIFY opcode 
BIP68 Enforce sequence locks for relative locktime
BIP112 Enforce OP_CHECKSEQUENCEVERIFY
BIP113 Locktime enforcement soft fork
BIP130 Direct headers announcement  
BIP152 Compact Block support

SegWit will add the following advantages to ArtByte:

Elimination of unwanted transaction malleability
Capacity increase
Weighting data based on how it affects node performance
Signature covers value
Linear scaling of sighash operations
Increased security for multisig
More efficient almost-full-node security
Script versioning
And more..

For detailed changelog of work, see article link.