Bitcoin Forum
December 15, 2017, 01:25:27 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Groestlcoin first to activate segwit on mainnet  (Read 1701 times)
jwinterm
Legendary
*
Online Online

Activity: 1428



View Profile
January 25, 2017, 06:20:23 PM
 #1

This kind of went under the radar, understandably so since groestlcoin is a pretty small crypto, but sometime on the 21st or 22nd the fork activated:
https://bitcointalk.org/index.php?topic=525926.msg17607303#msg17607303

It seems like Litecoin will probably activate in the next month or so, but that is dependent on whether most miners signal they want to activate, which may be much trickier than convincing all grs miners (though clearly significantly less tricky than convincing most BTC miners). If Litecoin can't ram it through, then it's possible groestlcoin coin could be the only segwit coin for the foreseeable future, though I have also heard some rumblings about Vertcoin trying to activate in the not too distant future as well.

1513301127
Hero Member
*
Offline Offline

Posts: 1513301127

View Profile Personal Message (Offline)

Ignore
1513301127
Reply with quote  #2

1513301127
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513301127
Hero Member
*
Offline Offline

Posts: 1513301127

View Profile Personal Message (Offline)

Ignore
1513301127
Reply with quote  #2

1513301127
Report to moderator
Wosterlee
Full Member
***
Offline Offline

Activity: 197



View Profile
January 25, 2017, 06:54:05 PM
 #2

Interesting...

Viacoin is also adopting SegWit.

https://bitcointalk.org/index.php?topic=699278.6080

Buy it now before the pump! Cheesy
NeuroticFish
Legendary
*
Offline Offline

Activity: 1330


Tooth Fairy, do you have an USB miner for me?


View Profile
January 25, 2017, 06:57:16 PM
 #3

I see SegWit is the new trend.
Which is somewhat funny, but also good: whoever really wants, can see SegWit in action.
Especially since it may take quite a while until this will be active for Bitcoin too.

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄            
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄      
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  
▀▄            █        ▀▀      █  
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀    
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀              
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
shyliar
Hero Member
*****
Offline Offline

Activity: 730


View Profile
January 25, 2017, 07:02:00 PM
 #4

Unlikely that Litecoin will need to "ram" it through. The client shows the version of connected peers and every connection to my wallet shows the latest update.
jwinterm
Legendary
*
Online Online

Activity: 1428



View Profile
January 25, 2017, 07:46:45 PM
 #5

Unlikely that Litecoin will need to "ram" it through. The client shows the version of connected peers and every connection to my wallet shows the latest update.

While that might be true, it's not really relevant to activation, which afaik requires 75% of blocks in a retarget period starting after the 28th be mined in support of segwit. Considering that f2pool controls nearly 50% of the network ( https://www.litecoinpool.org/pools ) and the same f2pool has so far not supported segwit for Bitcoin allegedly due to them not being able to compile c++11 they could easily block it themselves. There's also a handful of pools that control almost the entire other half of the network, so they could muster 25% between two or three of them.

By "ram it through" I just meant that Litecoin chose to go with 75% threshold like groestl as opposed to the unanimous consensus 95% threshold of Bitcoin. I said that I think it's likely it will go through in a month or so, but you have to have some skepticism considering f2pool controls half the network and how they've been acting re: segwit for Bitcoin.
shyliar
Hero Member
*****
Offline Offline

Activity: 730


View Profile
January 25, 2017, 08:38:04 PM
 #6

Unlikely that Litecoin will need to "ram" it through. The client shows the version of connected peers and every connection to my wallet shows the latest update.

While that might be true, it's not really relevant to activation, which afaik requires 75% of blocks in a retarget period starting after the 28th be mined in support of segwit. Considering that f2pool controls nearly 50% of the network ( https://www.litecoinpool.org/pools ) and the same f2pool has so far not supported segwit for Bitcoin allegedly due to them not being able to compile c++11 they could easily block it themselves. There's also a handful of pools that control almost the entire other half of the network, so they could muster 25% between two or three of them.

By "ram it through" I just meant that Litecoin chose to go with 75% threshold like groestl as opposed to the unanimous consensus 95% threshold of Bitcoin. I said that I think it's likely it will go through in a month or so, but you have to have some skepticism considering f2pool controls half the network and how they've been acting re: segwit for Bitcoin.

Well like all things crypto only time will tell. f2pool has expressed interest in supporting litecoin in this upgrade. I was unaware of them claiming a problem with compiling c++11. I'll have to read up on that.
jwinterm
Legendary
*
Online Online

Activity: 1428



View Profile
January 25, 2017, 11:33:06 PM
 #7

Here's the quote from late November:
Quote
“Since our system cannot build C++11, I would like put this on hold for a while, until we can get our new servers online up and running,” Chun said. “Next spring, maybe.”
And link: https://bitcoinmagazine.com/articles/where-bitcoin-mining-pools-stand-on-segregated-witness-1480086424/

Honestly, I think it's just their way of being passive aggressive, but if you take them at their word then Litecoin could activate segwit next spring...maybe  Cheesy
jwinterm
Legendary
*
Online Online

Activity: 1428



View Profile
January 28, 2017, 01:38:16 PM
 #8

Point of clarification - Groestlcoin activated with 95% threshold, not 75%.
JackH
Sr. Member
****
Offline Offline

Activity: 380


View Profile
March 14, 2017, 05:16:56 PM
 #9

Is this coin a 1:1 copy of Bitcoin, or did you change other parameters as well?

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
jwinterm
Legendary
*
Online Online

Activity: 1428



View Profile
March 14, 2017, 09:59:42 PM
 #10

Is this coin a 1:1 copy of Bitcoin, or did you change other parameters as well?

It has a different emission curve - faster and smoothly varying, no halvings. It also uses groestl algo for PoW, not sha256, this the name.
kolap
Sr. Member
****
Offline Offline

Activity: 280


fiat=government money||cryptocurrency=people money


View Profile
March 15, 2017, 01:19:23 AM
 #11

segwit it is

ashapasa
Sr. Member
****
Offline Offline

Activity: 364


View Profile
March 25, 2017, 08:39:38 PM
 #12

What difference does segwit make for groestlcoin? How does it improve performance? Market cap is tiny for this coin, is this the reason it could be easily implemented?
jwinterm
Legendary
*
Online Online

Activity: 1428



View Profile
March 25, 2017, 08:55:35 PM
 #13

What difference does segwit make for groestlcoin? How does it improve performance? Market cap is tiny for this coin, is this the reason it could be easily implemented?

https://bitcoinmagazine.com/articles/bitcoin-politics-seep-altcoins-segwit-adoption-slow-across-board/

Quote
Launched in 2014, Groestlcoin has a total market cap of some $365,000, earning it the 163th spot on CoinMarketCap at time of publication. This makes it the smallest of the five altcoins aiming for SegWit but also the first to have actually succeeded in activating it. The required 95 percent of hash power signaled support back in January, and the protocol upgrade has been live since.

“Jackie,” who prefers not to reveal his full name, is the project lead for Groestlcoin.

“All the FUD [Fear, Uncertainty and Doubt] is false,” he told Bitcoin Magazine. “SegWit as a soft fork is about as safe as the CSV soft fork was — and you don’t hear anyone complain about that.”

As a digital currency that isn’t used much yet, Groestlcoin never faced scaling issues like Bitcoin. But Jackie said he considers SegWit a malleability fix first and foremost, which in turn enables features like the lightning network, atomic cross-chain transactions and other innovations.

“Less useful and elegant versions of lightning [network], TumbleBit and Mimblewimble were possible with the old version of Groestlcoin, but they are greatly enhanced now Segregated Witness is activated on the Groestlcoin network,” Jackie noted.
ashapasa
Sr. Member
****
Offline Offline

Activity: 364


View Profile
March 25, 2017, 10:10:23 PM
 #14

Not bad for a small coin  Smiley but are there any other plans on the horizon that we can look forward to from this coin. I bought a little  Smiley just might be worth the punt.
jackielove4u
Hero Member
*****
Offline Offline

Activity: 548



View Profile WWW
March 26, 2017, 04:09:39 PM
 #15

Not bad for a small coin  Smiley but are there any other plans on the horizon that we can look forward to from this coin. I bought a little  Smiley just might be worth the punt.

http://groestlcoin.org/forum/index.php?topic=482.0

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!