Litecoin: Bitmain Trades Sides, Supports SegWit Activation
Litecoin’s problematic course towards Segregated Witness (SegWit) activation has ended in an unusual display of unity. Litecoin Roundtable: We ‘Unanimously Agree’ On SegWit Activation. Following a meeting of Chinese cryptocurrency players including exchanges and miners, a consensus was reached on activating SegWit despite some participants having previously been against the idea. The so-called Litecoin Global Roundtable included Litecoin creator Charlie Lee, exchanges Huobi and Okcoin and formerly anti-SegWit mining pool Bitmain. Summarized minutes released from the meeting confirm that....
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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....
Litecoin creator Charlie Lee has appealed to the community to push through a user-activated soft fork (UASF). Lee: Alleged Bitmain Interference ‘Sad If True’. Litecoin, which last week came within 5% of the required miner support to activate Segregated Witness (SegWit), appeared to fall short over the weekend, something Lee put down to interference from anti-SegWit parties. “Sad if true,” he commented on Twitter about a suggestion from UASF code creator shaolinfry that Bitmain miner co-founder Jihan Wu was deliberately preventing Litecoin’s SegWit activation. Wu is a vocal opponent of....
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....
The Segregated Witness (SegWit) update has received lukewarm support thus far since it was announced on Litecoin on January 28th. Beyond Bitcoin: ‘Testbed’ for SegWit. After Bitcoin, the SegWit scaling update has now been introduced to Litecoin along with some other cryptocurrencies including Vertcoin, Groestlcoin, and Viacoin. Right now, Litecoin miners are in the process of voting on the update. Currently at 3%, support is lower than it is in Bitcoin, which rapidly climbed up to 22% in its first two weeks. The vote has attracted the attention of the Bitcoin community. Litecoin (and other....
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....