No Primary Litecoin Pool Will Upgrade to Segwit, Says LTC1BTC’s Founder
Jiang Zhuoer, founder of LTC1BTC, a Litecoin pool that currently controls around 12% of the network, told CCN in an interview that his pool won’t upgrade to softfork segwit, nor will any primary Litecoin pool, adding that he has contacted them. Litecoin is meant to begin the Segwit softfork activation process in just under two days, but miners can already signal their support, with only two pools doing so far, Batpool and Litecoinpool.org, which in combination control around 18% of the network. F2Pool has the vast majority of the hashrate, currently standing at 46%. As such, their....
Related News
Wang Chun, F2Pool’s co-founder, told CCN that he is planning to upgrade his Litecoin pool to segregated witnesses (segwit), but “it won’t happen in the next couple of weeks.” He further told CCN that his bitcoin pool, which currently controls around 14% of the network’s hashrate, won’t upgrade to segwit “anytime soon.” Chun stated: We’ll do it on Litecoin first and then make an evaluation if it is feasible on bitcoin. Litecoin’s F2Pool currently controls around 43% of the network’s hashrate. Batpool and Litecoinpool.org are both already signaling for segwit. Combined, around 60% of the....
Litecoin prices are up nearly 30% in a 24-hour period with price pushing beyond $10 per coin amid anticipation of the protocol upgrade, Segregated Witness or SegWit. Over the last 12 months, Litecoin has predominantly settled under $4 per coin before it caught bullish wave in the final days of March. Prices soared, nearly doubling on March 30 to just under $8, setting a 20-month high during the day. Those strong gains continued this week, with prices now doubling over a five-day period after Litecoin’s biggest pool – F2Pool, signaled for SegWit on April 1st. Speaking to CCN in early....
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....
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....
In the past, some have called Litecoin the “silver to Bitcoin’s gold.” Now many Bitcoin proponents are eagerly watching Litecoin as miners have just begun signaling for Segregated Witness (Segwit). Bitcoin community members hope Litecoin’s Segwit implementation may show a silver lining beneath the ongoing scaling debate. Litecoin Miners Begin to Signal....