Litecoin in the SegWit Spotlight

In an interesting turn of events, it seems that Litecoin could be the first cryptocurrency to activate SegWit (Segregated Witness).

“The litecoin network appears to be on the cusp of enacting a technical upgrade that would boost the capacity of its network. At press time, just over 70% of litecoin’s miners were signaling support for Segregated Witness, a technical innovation first pitched as a scaling solution for the bitcoin blockchain, but that has not yet seen similar levels of adoption from its miners. With increasing support, litecoin is now just 5% shy away from achieving the 75% network consensus threshold required for activation. On bitcoin, by contrast, just 31% of miners are signaling that they would support the software upgrade. Notably, litecoin first began offering miners the ability to flag support for the proposal on 3rd February, nearly three months after the code was released to the bitcoin network.” Click here to read the full article

What is Litecoin?

What is Segregated Witness?

 

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