DeFi Support Tools of Solana Ecosystem, SegWit (Segregated Witness) Overview!

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(Edited)

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Solana Chain has a lot of protocol, DAPP, which shows fairly an initial form of UI, and its power generation speed and extension is fairly fasted, which is already providing a familiar form of services in BSC and ETH. If the chain is lightweight and fast, the same function is implemented, the competitive ecosystem will be built.

BSC and ETH's divers have also been able to only see some of the DAPPs, and they are writing a little bit of a bit of a little bit of DAPP. I am curious, and I would like to analyse in a more potential, and I feel that you are sometimes a place to look at one chain properly.

The following services have yet to have a long time and have not been verified. I believe that the protocol, DAPP, which corresponds to Rug Pool, but it is not possible to verify that it is not hurrying.

Solfarm
Vault Service, such as Auto Farm.
Services seem to have started in April. TVL is $818M.
Mainly Raydium Farming Pool provides automatic re-investment services.

Step Finance
Wallet, LP Tokens will notify you as US $. Similar to BSC's Yield Watch. There is a self DEX, you can check the wallet address or confirm in a way to connect your wallet. It seems that liquidity supply can be supplied to its own Liquidity Pool.

Sonar Watch
Step Finance is a DAPP that shows asset value similar to Finance. There is also self Dex.

Solana is an implementation that is similar to ETH and BSC, and its implementation speed is quite fast.
The will of the investor and the Feedback of the user are also considerably stronger to reflect this. ETH, BSC, MATIC's DAPP, DAPP, DEFI, and DEFI, it seems to be more developing to have high competitiveness. Fund and developers are gathering, and there is also a strong will and development plans in Solana side and are also seeking and increasing the will.
In the future, it is competing with other chains and shows some differentiation and reducing sufficient reliability and stability.

Segwit (Segregated Witness)

SegWit is a protocol upgrade which was developed back in 2015. The reason for the development is to solve the lack of a fast and sustainable bitcoin network. On average, the bitcoin network verifies a new block in a 10 minute. Each block contains transations.
The block size decides the number of transactions that can be processed at a time, and the recent bitcoin block chain can handle seven transactions per second.

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SegWit is a concept that reconstructs the data contained per block. Specifically, Signatures will not be included as Transaction Data. In other words, it is to separate the Signature and the transaction data. This separation gets the result of increasing the amount of transaction that can contain per block.

SegWit has been developed in 2015 and has been applied to a bitcoin network in August 2017. Bitcoin and litecoin have applied these Segwit concepts.If segWit is not applied, the signature data occupies 65% of the block. By applying SEGWIT to a 65% space, the substantial block size will rise from 1 MB to 4 MB. However, it is not an increase in a substantial block size. The increase in block size can not be resolved by only soft forkes and hard forkes must be applied.

As the transaction data that can be processed per block increases, the transaction rate will be increased. This is because the volume of trading that can be processed at once has increased. These faster speeds lead to a reduction in transaction costs.

If Segwit does not apply, it is often a cost of $30 or more per trading, but if Segwit is applied, the transaction cost is less than $1. Segwit2x is a situation developed. Segwit2x is to increase the block size from 1MB to 2MB.

Currently Segwit is the Soft Fork. So there is no idea that NODEs that do not update with Segwit are not more than trading. However, Segwit2x should apply a hard fork, but it is a situation where the application is suspended with the disagreement between developers.

SsgWit, Non-segWit transactions are made without compatibility issues, but not all exchanges or wallets support segwit. So it does not always be able to send money to the Segwit address. Segwit is not yet perfectly accommodated, and 53% of the bitcoin address applies Segwit. Currently, Binance supports segWit and attributed to the purchase.

Posted Using LeoFinance Beta



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