Ethereum’s Segregated Witness: A Look Back at Its History
Ethereum, the second-largest cryptocurrency by market cap after Bitcoin, has undergone significant changes to its architecture over the years. One of the most notable developments was the integration of Segregated Witness (SegWit), a hard fork that allowed for the separation of transaction data from the block header.
The Genesis Block: Not Just Any Block
According to various sources, including co-founder Vitalik Buterin and other Ethereum experts, the first block in which SegWit was activated was indeed block 481,822. However, it is important to note that different sources may give slightly different information due to minor discrepancies.
The First Transaction: A New Era Begins
However, even if this block marked the beginning of SegWit, the actual process involved a series of events and milestones that led to its activation. As for the first transaction ever made on Ethereum, it is widely reported that the first block in which SegWit was activated (481,822) contained no transactions.
Despite the lack of significant transactions, one significant achievement marked this milestone: the activation of SegWit. This development paved the way for a more efficient and scalable blockchain, allowing users to move larger amounts of data without compromising the integrity of their transactions.
A new era in blockchain development
The introduction of SegWit had far-reaching implications for Ethereum’s architecture, allowing it to support features like sharding, which could further increase its scalability. As we continue to navigate the ever-evolving world of cryptocurrency, understanding the history and evolution of blockchains like Ethereum is crucial.
Whether you are an avid investor or simply want to learn more about the intricacies of blockchain technology, the goal of this article is to provide an informative overview of the key milestones in Ethereum’s journey so far.
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