Charlie Lee: “People Don’t Realize What Segwit Is”
Litecoin seems to be on the path towards adopting Segwit, the proposed soft fork (and malleability solution) by the Bitcoin core development team. But there seems to be confusion among users about what exactly the soft fork is. Since Litecoin is based on the Bitcoin codebase, it also has the choice to adopt Segwit, and founder Charlie Lee believes this....
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Litecoin creator Charlie Lee believes that the price of the digital currency could reach $14 when SegWit is activated on the network. On Saturday, F2Pool mined Segregated Witness (SegWit) blocks for both Bitcoin and Litecoin. Charlie Lee tweeted that he sees a 72.34 percent chance of another pool signaling for SegWit in the next seven days. He equates the estimated prices to the level of signaling the network has received thus far: 20 percent => $4, 60 percent => $9, 100 percent => $14. There are indications the network will activate SegWit soon. It creates excitement - even in....
The last time we checked with Litecoin, its creator Charlie Lee left Coinbase to focus on his own project. The mission at hand was implementing SegWit in the Litecoin blockchain, which is easier said than done. This story is as exciting as they come. It has twists and turns and it ends with a bang. Through the following tale, we’ll learn a lot about consensus. One of the most mysterious aspects of the cryptocurrency space is how decisions are made. Are you ready to learn through a practical example? Related Reading | Charlie Lee Sums Up Litecoin’s 10 Years History. Part One: Fair....
Today is the day, Litecoin’s 10th anniversary. Congratulations to Charlie Lee and everyone involved in the project over the years. We are exploring Litecoin’s history through the eyes of its creator. We covered its fair launch, the long-hard road to exchanges adopting LTC, and we introduced the SegWit story. It’s time to finish it. The last time, we introduced Bitmain’s co-founder Jihan Wu. Reportedly, he was singlehandedly stopping SegWit adoption in the Bitcoin blockchain. Lee’s plan was to use Litecoin as a Testnet of sorts for SegWit. “I realized that here’s a chance for....
SegWit is short for Segregated Witness. It was perhaps the biggest Bitcoin protocol upgrade to date, which wrapped several improvements and fixes into one. Further Reading: What Is Bitcoin? What Are the Benefits of SegWit?As probably its most notable fix, SegWit got rid of transaction malleability. ...
The Bitcoin price run to $2,200 could be a result of SegWit activation coming to Bitcoin sooner than September 2017. On May 21 in New York, Bitcoin miners have reached an agreement to go for SegWit, according to miners sources. It has marked a good start to the important Consensus conference that united important movers and shakers of the crypto industry. Charlie Shrem’s messages in the Whalepoolbtc Telegram chat states that there was “big news” coming from the Consensus conference, and that members should “Buy BTC.” “When I have all the details I will tell you, it's still all being....