Does SegWit increase the block size limit or does it reduce the block size?


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Currently the block size limit is 1 MB. I keep seeing people saying SegWit increases the block size to 3.7 MB. How does this work exactly?

  • Does it reduce the transactions size making it fit the same number in 1 MB as it would take normal transactions to fit in 3.7 MB?

  • Or does it actually increase the block size limit?

If it's #1, wouldn't it require 100% of transactions to be SegWit to have comparable 3.7 MB blocks? If only 10% of the transactions are SegWit then the comparable block size limit would only increase my 0.1 MB, correct?

submitted by /u/DianaQWERTY
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