Altcoins Planning Segwit Integration Experience Price Pumps
Over the course of the past few months, a bunch of altcoins are jumping on the Segregated Witness (Segwit) bandwagon. Currently, cryptocurrency enthusiasts are focusing in on Litecoin (LTC) markets because the price is pumping as Segwit nears activation on the LTC network. Litecoin Segwit Activation Draws Near. The scaling debate has been ongoing for....
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SegregatedWitness (SegWit) — the proposed upgrade to the Bitcoin protocol developed by the Bitcoin Core developers — is still far from activation. Requiring 95 percent of hash power to signal support for the solution, miner-adoption has seemingly stagnated at around 25 percent for now. But, of course, SegWit’s open source code is out there. As such, altcoins based on Bitcoin’s codebase can take the code and implement the solution. Indeed, at least two altcoins are adopting SegWit: Litecoin and Viacoin. And it looks as if SegWit may activate on one of these altcoins before it’s live on the....
Little-known altcoin DigiByte is following Litecoin and Syscoin in making investors rich with impending SegWit activation. DigiByte Celebrates Countdown To Ultimate Pump. Metrics highlighted by developers Saturday show the proportion of DigiByte miner support at 72.48% – inching past the 70% activation threshold. “6 more days to go till activation at this rate! Happy Easter everyone!” a Twitter post added. Despite having barely made a name for itself prior to the announcement, DigiByte is currently 63rd in CoinMarketCap’s cryptocurrency listings, its price increasing 15% in the 24 hours to....
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. ...
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....
Although Segregated Witness (SegWit) has near-universal support from the Bitcoin development community, there are some who say the changes required by individual wallet providers may be a bit too much to handle. But on a recent episode of Epicenter Bitcoin, Bitcoin Core Contributor and Ciphrex CEO Eric Lombrozo indicated that the complexities involved with these required changes have been overblown. While making his case for Segregated Witness, Lombrozo noted the Bitcoin wallet developers he’s worked with have been able to implement this change in a matter of days. Lombrozo was asked how....