Despite the numerous delays and breaks today, it is the day when the long-awaited event, at least for part of the crypto-currency community, an event that is known as the "final confirmation of SegWit Lock In" will take effect in the network of bitcoins.

If enough of the miners continue to signal the support of SegWit, then this will happen this afternoon (block 479 708). And although theoretically, the miners can change their decision in the future, they are unlikely to do it - because then a huge financial stimulus will become inaccessible to them.

This change should be the first step and lay the foundation for the subsequent even more exciting innovations in the bitcoin network, such as the Lightning Network.

But even after the final confirmation of SegWit, the changes will not happen overnight:.

Due to the two-week "transition period" SegWit will not be activated until block 481,824, which is projected to appear on August 21.

Although the final confirmation ensures that SegWit will become part of the bitcoin network, all providers of the most diverse solutions in this network will still need to update their software to support new type of transactions.

Transition The idea of ??a transition period for SegWit is simple - it gives the miners time to update their software, in order for the changes to occur less simultaneously. Although it may seem from the outside that this is another delay, in fact - this is an important stage.

After this two-week period, the miners, who will update their software to support SegWit, will begin to create blocks in which the new rules will be applied. This means that the miners who do not update their software risk being left without remuneration for their activities (it is about the sum of about $ 42,000), since their blocks will not be accepted by other miners.

However, it is not yet clear how long it will take for the change to be accepted by the whole ecosystem, including users, purse producers, exchangers and.

Some of the service providers in the bitcoin network have already confirmed their support for SegWit, including one of the most used wallets, Bitcoin start-up Blockchain, and the largest exchanges such as Kraken and LocalBitcoins.

Some still argue that adapting SegWit will take much longer. In general, this is still the subject of numerous disputes.

The Importance of Confirmation Although today's event is just one of the mainstones associated with SegWit, its value can not be underestimated - it is a step that virtually guarantees that SegWit will become part of the bitcoin network.

SegWit in many ways remains a controversial decision and many still oppose its activation, however, the fact that the heterogeneous bitcoin community has reached such a stage as "the final confirmation of SegWit" gives hope that at least one decision on network scaling will be implemented in the near future.

This, among other things, demonstrates the flexibility of the bitcoin network and its ability to change and adapt, although it must be acknowledged that the speed with which this happens - leaves much to be desired. After all, from the time this idea appeared to the first actual steps to implement it, almost a year and a half passed.