Only 6 of 18 exchanges have fully adopted Bitcoin SegWit update

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 Segregated Witness, or SegWit for short, is a Bitcoin protocol extension that was activated on the network in August 2017. The primary reason for introducing SegWit is to increase the scalability of the Bitcoin blockchain. Before SegWit was activated, the Bitcoin network often ran into congestion issues due to users filling up the one-megabyte block size of Bitcoin blocks.

To mitigate congestion and increase network throughput, SegWit improves two key variables. One allows for smaller transactions so that more transactions can fit into a fixed amount of block space, the other key variable allows for larger blocks, which also enables more transactions to fit into each block. Taken together, these improvements increase the overall throughput of the Bitcoin network.

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