Segwit Bitcoin Network or Legacy Bitcoin Network, which do you prefer and why?

in SteemitCryptoAcademy3 years ago

Introduction

Hello guys,

I sincerely want to appreciate the platform steemitblog for these wonderful opportunity, more also I want to say a big thank you to the professor @gbenga for such a wonderful lecture, I must really say I have learnt a whole lot from you these past weeks.

images - 2021-02-27T154152.038.jpeg
Source


For a complete course by the professor, click on the link below.

STEEMIT crypto academy week 3:- all you need to know about bitcoin network


What is Bitcoin Legacy?

Different people with different views have said many things concerning what actually Bitcoin Lagacy is all about. They have actually presented their ideas either from their experiences or from research made by them on the subject matter.

To me, I will define bitcoin Lagacy as a trading software for cryptocurrency that is developed with the sole purpose of of helping newbies who might have never gotten the knowledge on trading before trade with ease and make profits without any user experience of the crypto market.

It's important to mention here that bitcoin Lagacy software functions with a very advanced technology, they likes of machine learning, artificial intelligence and many more. One unique feature of bitcoin Lagacy is that it is easy to use i.e user-friendly and because of that single act, it is labelled one of the best trading platform that is always used by customers in the Crypto market.

Bitcoin Legacy (Legit or Scam)

These days, online trading has taken over almost all our ancient trading system. But many people have used it as an advantage to extort and rub people of their resources by scamming them. So many persons are now very scared to involve their selves in anything that is online because the don't know which is legit and which is a scam.

Its on these note that we ask ourselves the question, is Bitcoin legacy legit or a scam? The answer to that question is that bitcoin Lagacy is legit though many risk are actually involved because of the volatile nature of the market. Though these issue has been minimize through the use of they software algorithm.
Furthermore, because of its legitness, the platform is made user-friendly so that every user can use it without any problems.

Benefits of trading with Bitcoin Legacy

There are actually several benefits of trading with bitcoin Lagacy but for the want of time I will be listing just but a few.

  • it has the ability of verification
  • it is user-friendly
  • it has 24/7 customer support
  • withdrawal here is very fast
  • Tutorial mode for newbies is also attached to the platform

What Is SegWit (Segregated Witness)?

Segregated witness which is popularly known as SegWit is derived from two English word, i.e segregate (separate) and Witness. It is actually an upgrade of Lagacy bitcoin network with the purpose of increasing the size of the block and also provide sufficient protection for its different users.

Some of the unique things about SegWit Bitcoin transaction is that they fees involved in the transaction is less compare to Legacy transaction.

Which do you prefer and why?

I prefer Legacy Bitcoin Network, these is because from my little knowledge and research I have found many unique things about Legacy as already discussed above but for a recap am listing it out again for these very purpose.

  • it has the ability of verification
  • it is user-friendly
  • it has 24/7 customer support
  • withdrawal here is very fast
  • Tutorial mode for newbies is also attached to the platform

Conclusion

Thanks to they professor @gbenga for these amazing opportunity, I have really learnt a lot fro your lecture and from they research I made I have also gotten more knowledge.

Special mention
@steemcurator01
@steemcurator02
@steemcurator03
@booming01
@booming02
@booming03

Written by @predomina

Thank you

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