Litecoin, one of the oldest and biggest altcoins by market cap, deployed Segregated Witness ( SegWit ) today.This will be able to bring cryptocurrencies into a more trustworthy condition because centralized exchanges would be unnecessary, improving conditions for the altcoin marketplace.Although a two-week waiting period follows before full activation.If the users upgrade, what are a couple of hostile miners going to do about it.Litecoin Pool Signaling Segwit for ALL Blocks -- 0% Fee -- PROP Share Payouts -- No Login.Litecoin has surpassed the required number of signaling blocks needed to activate Segregated Witness (Segwit) on Wednesday.Although Bitcoin looms larger in the public consciousness, Litecoin is more developed in some ways.
Bitcoin News: Trezor Software Update Enables Full Litecoin SegWit Support.
Litecoin Segwit PoolYou can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications.TLDR Litecoin is trying to beat Bitcoin to SegWit, which can quadruple transaction capacity.This can be evidenced by P2SH soft fork (which is the same as segwit).
The SegWit update has received lukewarm support thus far since it was announced on Litecoin, which could become a testbed for Bitcoin.On Wednesday morning around 10:40 UTC, the Bitcoin software upgrade known as SegWit will lock-in.A long-debated change originally intended to improve bitcoin has now locked in on the lesser-known cryptocurrency network litecoin.All soft forks are eventually user-enforced such that miners cannot revert them.
Litecoin's SegWit Activation: Why it Matters and What's
Litecoin Locked SegWit In And Prices Fell | Bitcoin ChaserThere are many advantages that Segregated Witness opens up for the entire blockchain community.What is interesting is we have been talking to miners and pools since November 2016, and trying to have an online meeting to reach a consensus with mining pools since February, but the most important holdouts stalled and insisted that Charlie Lee go to China in person to show respect.
SegWit and Litecoin: Is Activation Imminent? - BitcoinsIt is important to keep in mind the current Litecoin Core client does support SegWit.Saturday, F2Pool mined Segregated Witness (SegWit) blocks for both Bitcoin and Litecoin.
Litecoin is a cryptocurrency like Bitcoin, but it is based on an entirely different protocol. SegWit and Litecoin.However, he is definitely being censored through coercion, but we should thank him for making a small sacrifice that does not actually harm Litecoin in any way.Note however, even that signalling is a hand-wave since it is based on trust.December 12,. succesful SegWit activation on Litecoin may even help convince Bitcoin miners to activate it on.Litecoin was an early adopter of the SegWit and Lightning Network technologies that bitcoin is now adopting with the popular soft fork on August 1st.
This type of forced upgrade without community consensus put Litecoin in a risk of split.The Litecoin community, including majority of hashpower rallied around segwit and it was clear segwit was going to be activated, having well exceeded 75% hashpower support.It looks like Litecoin will get its SegWit activation soon enough, which might scare some Bitcoiners who oppose the Core-backed upgrade.This means that if Litecoin adopts SegWit soon (signaling is near the 75% threshold), it could outflank bitcoin in terms of day to day micro transaction functions.User deployment of a soft fork for Bitcoin may take a year or more, for Litecoin currently, maybe 6 months or less.
It pacifies the extortionists, allows them to save face, and gets segwit activated which I believe will be the last MASF-only soft fork ever in Litecoin.They contribute to it by virtue of being part of the ecosystem.
Hash Rate Distribution | litecoinpool.org
Ever since the Litecoin developers released a new client to signal for SegWit activation, there has been a large focus on how this scenario will play out.While Zhuoer may be looking to Charlie as the central planner of Litecoin, it is far from the reality on the ground.He noted that as more people started to talk about SegWit, Litecoin enjoyed growing visibility.
As of right now, there is a lot of discussion among Litecoin enthusiasts regarding SegWit and the UASF.
[Video] What is Segwit? (Segregated Witness) - 99Bitcoins
Litecoin Cryptocurrency: A Complete Guide for AbsoluteAround the same time, Bitmain also stopped shipping orders to customers, and claimed it was due to a firmware issue.SegWit activation day is here for Litecoin as the fourth-largest cryptocurrency gains another 38% in price.The SegWit upgrade is on verge of a breakthrough to activation on Litecoin, with UASF an option too.I am pretty confident if we as developers released a new version that did something outrageous like minted us 10MM coins out of thin air, the community would drop us like a hot rock.
Litecoin creator and Director of Engineering at Coinbase, Charlie Lee, recently held a meeting with several of the largest exchanges and mining pools that use.Learn more Never miss a story from shaolinfry Blocked Unblock Follow Get updates.