Cryptocurrencies with SegWit and LN-style off-chain payment solutions

[jwinterm]

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

To some extent I agree, but it's nice to see altcoins implement CSV, which should enable trustless atomic cross chain txs and maybe eventually truly decentralized exchanges.

In unrelated news, Groestlcoin finally got a bit of a bounce in price for being first to fire up the hype machine

[sidhujag]

You can add syscoin to that list.. it may be the first merged mined coin with hash rates up to btc levels for fair tests of segwit.. it is on 0.13.2 with the next release in a few weeks.

Why do i want segwit in sys? Simple.. schnorr sigs for advanced multisig aliases. Also lightening networks will allow for auction types of.offers and other cool stuff.

[shinratensei_]

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

SegWit is simple hype and it means nothing for LTC.
Or we will see ethereum try to implement SegWit.

What a joke!!!!!

More hype and more money, simple basic understanding about SegWit in altcoin.

[BitcoinNational]

UNO

[NUFCrichard]

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

SegWit is simple hype and it means nothing for LTC.
Or we will see ethereum try to implement SegWit.

What a joke!!!!!

More hype and more money, simple basic understanding about SegWit in altcoin.

LTC will never be as highly used as Bitcoin AND it can process transactions 4 times as fast as Bitcoin.
It can use Segwit, or not, it doesn't matter, it isn't limited by the number of transactions that it can process.

I can't think of an Alt that needs Segwit. Have any ever been maxed out and started to build a large number of unconfirmed transactions?

[jwinterm]

NUFCrichard - it's not only about scaling. In fact, it wasn't originally pitched as scaling solution for Bitcoin. It's about eliminating malleability, allowing cross-chain txs, and getting ready for schnorr sigs and other stuff. See the block capacity point is about the last one on the list:
https://bitcoincore.org/en/2016/01/26/segwit-benefits/

BitcoinNational - it hasn't had a commit on Github in over two years. I wouldn't hold my breath.

[sidhujag]

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

SegWit is simple hype and it means nothing for LTC.
Or we will see ethereum try to implement SegWit.

What a joke!!!!!

More hype and more money, simple basic understanding about SegWit in altcoin.

LTC will never be as highly used as Bitcoin AND it can process transactions 4 times as fast as Bitcoin.
It can use Segwit, or not, it doesn't matter, it isn't limited by the number of transactions that it can process.

I can't think of an Alt that needs Segwit. Have any ever been maxed out and started to build a large number of unconfirmed transactions?

Syscoin needs it to bring in schnorr signatures and LN

[d5000]

Updated as Vertcoin has released now the new version containing Segwit and will start signalling soon.

@sidhujag: Are miners in syscoin already able to signal Segwit support? As it's a merged-mined coin, adoption could be dependant of Bitcoin's, or not?

If there are news from other coins ... please post

[sidhujag]

Updated as Vertcoin has released now the new version containing Segwit and will start signalling soon.

@sidhujag: Are miners in syscoin already able to signal Segwit support? As it's a merged-mined coin, adoption could be dependant of Bitcoin's, or not?

If there are news from other coins ... please post

Yes but they just need to signal blocks in bitcoin do not.need to have segwit version... aslong.as they are signalling its fine

[roselee]

Segwit also fixes the transaction malleability problem and makes advanced functions like Atomic cross-chain trading and payment channels with instant payments (Lightning Network) way easier to implement. So in my opinion, it's a step towards the future of cryptocurrency.

As i know, transaction malleability problem was fixed after BIP66 at 2015.
Segwit it's just one of the ways which trying to solve one of the hardest bitcoin problem - scaling (and some others little problems). Another way it's hardfork with block increasing.

a hard fork for bitcoin is no good idea it will end like ethereum with 2 coins and if not all devs are on the hard fork side that new chain will have a volume like alts. to have segwit on alts now seems like a testnet for bitcoin.

[johhnyUA]

Segwit also fixes the transaction malleability problem and makes advanced functions like Atomic cross-chain trading and payment channels with instant payments (Lightning Network) way easier to implement. So in my opinion, it's a step towards the future of cryptocurrency.

As i know, transaction malleability problem was fixed after BIP66 at 2015.
Segwit it's just one of the ways which trying to solve one of the hardest bitcoin problem - scaling (and some others little problems). Another way it's hardfork with block increasing.

a hard fork for bitcoin is no good idea it will end like ethereum with 2 coins and if not all devs are on the hard fork side that new chain will have a volume like alts. to have segwit on alts now seems like a testnet for bitcoin.

Hmm, maybe i will agree with that statement. Hard fork needs really homogeneous community opinion (about some problem). And in problem of bitcoin scaling we don't have that thing. Maybe softfork will be more relevant here.

[d@nte]

Did Litecoin really nees segwit or its a test for its big brother BTC ?

This should really be a test of segwit on ltc though non of the known altcoins experience transaction  malleability and will not be feasible for bitcoin to adopt it at the moment.

Litecoin already allows transactions four times faster than Bitcoin, which means they are not facing the blocksize issue that Bitcoin is facing at moment. But SegWit allows a number of things, one of which is the use of lightning network, which for many is a great solution for users who want faster transactions. Also, from the information I saw on reddit, in fact segwit allows problems related to malleability to be solved.

[pereira4]

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

Although there is disintegration seen in upgrades for Bitcoin miners, the proposal to use SegWit in litecoin benefits and the aim is for the market as an alternative to Bitcoin litecoin in key markets.
litecoin deployment to SegWit can make increases in value due utilities and this can make the miners back their positions.

The danger of all of this is the fact that if something goes wrong in the implementation of segwit on those coins, the segwit hatters will use it to throw even more hate on segwit's bitcoin implementation. But segwit for bitcoin is different and more secure, as explained by gmaxwell in reddit.

[xorlogic]

Litecoin SegWit support increasing

http://litecoinblockhalf.com/segwit.php

Charlie Lee is extremely excited to have it Activated

[pereira4]

Litecoin SegWit support increasing

http://litecoinblockhalf.com/segwit.php

Charlie Lee is extremely excited to have it Activated

I think we will see it before bitcoin, but as mentioned before, it doesn't really prove anything if it happens in litecoin.

We need it on bitcoin, segwit on litecoin is cool but is just anecdotal, we need the real deal in the capital B blockchain.

[lambofan]

Litecoin SegWit support increasing

http://litecoinblockhalf.com/segwit.php

Charlie Lee is extremely excited to have it Activated

Probably be the only one, as far as I can see the number of transactions does not compare to BTC, so I think it is not so urgent for the most, however still must be good news for the LTC holders, the knowledge that has active developers yet.

[d5000]

Updated Litecoin and bumping, as support is now at ~30% and higher than in Bitcoin at ~20-25%. (30 % seem to have been a short spike as the new activation period is still fresh).

[d5000]

Updated Vertcoin - after the bug was resolved, signalling is going pretty well and actually about 50%. So probably we'll soon have the second "segwitcoin".

[altcoinrich]

Updated Vertcoin - after the bug was resolved, signalling is going pretty well and actually about 50%. So probably we'll soon have the second "segwitcoin".

SegWit will be the largest thing in 2017, most bitcoiners suffer huge desperation due to unconfirmed transactions when they transfer bitcoin in recent months, SegWit is imminent to be done in bitcoin to save the slow confirmation. BU makes hardfork and coinbase&bitfinex will seem BU bitcoin for an altcoin. IMO SegWit will be finally integrated into Bitcoin.

[Altcoinfanatic]

SYS COIN : https://twitter.com/syscoin/status/847537897259417600


DIGIBYTE COIN : https://twitter.com/DigiByteCoin/status/844920496470704130

Syscoin activated with hardfork not softfork.
Digibyte is testing SegWit signalling before wallet release.
Viacoin is testing SegWit signalling before wallet release.
Litecoin signalling increased.
Bitcoin signalling increased.

Segwit is the future