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How Bitcoin Works Under the Hood
SegWit means Segregated Witness, where Segregated is to separate and Witness is the transaction signatures involved with a specific transaction. In a nutshell. Segregated Witness (SegWit) refers to a change in the transaction format of Bitcoin. Its stated purpose as a protocol upgrade was to protect. There are three Bitcoin addresses exist in the market: Legacy, SegWit, and Native SegWit. Which one is better? Get your answer now.

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Now, it's nice to be able to get your money back if things go wrong, but that's not free. It means users utilizing SegWit addresses will pay a lower fee compared to the Legacy users. One was that more transactions were occurring, which added more blocks to the chain. Due to this constraint, only a certain number of transactions could be added to a block. Its aim is to decentralize crypto again.