Bitcoin Observers Watch Segwit Signaling Begin on the Litecoin Network
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....
Related News
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....
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....
A code update best known for its polarizing role in bitcoin's scaling debate has just made its debut on another blockchain. As of this morning, miners securing the alternative blockchain litecoin can now begin signaling support for Segregated Witness. Known popularly as SegWit, the upgrade changes the way that data is stored within a digital currency transaction, allowing more transactions to take up less space on the network while adding other optimizations. The introduction sets up an interesting dynamic as some bitcoin developers now believe the upgrade is perhaps more likely be....
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....
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....