These Two UASFs Could Activate SegWit

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 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....

SegWit, for example, requires roughly 95% network consensus. That number seems unrealistic right now, yet things may change in the future. One of the biggest “battles” going on in the bitcoin world goes between BU and SegWit. Three months ago, signalling for Segregated Witness was officially introduced on the bitcoin network. Things aren’t going as smoothly as people want it to, though. It appears as if SegWit support is dwindling slightly, while the majority of miners still don’t indicate a preference for either solution. A new chart surfaced on Twitter earlier today indicating how SegWit....

Core developer Greg Maxwell has deflated hopes of imminent SegWit activation, saying any redeployment “can’t happen” until the current one expires. Responding to an alleged agreement led by Barry Silbert at the Consensus conference to activate SegWit by September, Maxwell explained this was due to technical reasons of “simplicity and safety.” “So in 0.13.1+ almost all of SegWit is already active, including all the P2P components... the new network service flag, the witness-tx and block messages, compact blocks v2, etc. A redeployment of SegWit will need to redefine all these things,” he....

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....