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Author Topic: [2017-02-07] Bitcoin Observers Watch Segwit Signaling Begin on the Litecoin Netw  (Read 158 times)
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February 08, 2017, 01:15:04 AM

News Bitcoin - Bitcoin Observers Watch Segwit Signaling Begin on the Litecoin Network

On February 3, the Litecoin mining community began to signal for Segwit integration. The upgrade claims to bring a few enhancements, fix malleability, and may even optimize block size capacity. This, in turn, could lead to more transactions processed per block and speed up the digital currency’s transaction queue. Furthermore, integrating Segwit will allow for the Lightning Network to be applied to the Litecoin protocol as well.

Currently, people can watch the altcoin’s miners signal for Segwit here to see if and when it reaches a threshold of 75 percent of total consensus. At the time of writing, 11.45 percent of the Litecoin network’s miners support the change. While visiting the Litecoin community’s subreddit, a good majority of people seem to be excited and support the Segwit integration. Moreover, Litecoin developers and the cryptocurrency’s creator Charlie Lee have also endorsed the soft fork.

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