ArtByte continues to develop - SegWit update: now enabled on testnet

[okbit]

ArtByte released a detailed update on its SegWit implementation.

Full article, including changelog here: Road to SegWit


Summary of article:

"As ArtByte announced on June 10th, we are implementing SegWit on the ArtByte blockchain.

Our developers have been hard at work, and now ArtByte 0.13, including SegWit is successfully running on the test net.

Upgrading ArtByte to 0.13 gives ArtByte many advantages, including:

• Faster synchronization
  Dynamic transaction fees  
  Priority transactions  
  Hierarchical Deterministic Key Generation  
  BIP65 Enforce OP_CHECKLOCKTIMEVERIFY opcode
  BIP68 Enforce sequence locks for relative locktime
  BIP112 Enforce OP_CHECKSEQUENCEVERIFY
  BIP113 Locktime enforcement soft fork
  BIP130 Direct headers announcement  
  BIP152 Compact Block support

SegWit will add the following advantages to ArtByte:

• Elimination of unwanted transaction malleability
  Capacity increase
  Weighting data based on how it affects node performance
  Signature covers value
  Linear scaling of sighash operations
  Increased security for multisig
  More efficient almost-full-node security
  Script versioning
  And more.."

[jezus]

What is and more?

[okbit]

ArtByte price already moving up based on SegWit updates.

[First.Bitcoins]

What is and more?

The additional benefits of SegWit for ArtByte are listed on our blog post: https://www.artbyte.me/the-road-to-segwit/

[Hong Kong]

Source code? Thanks

[panju1]

"Good altcoins" like ArtByte? How come not many people have heard about it. It is not even in the top 100 on coinmarketcap.com
Seems like a promotional thread to me.

[DetectorToken]

Awesome job on enabling SegWit!
Where can I check ArtByte Team?

[okbit]

"Good altcoins" like ArtByte? How come not many people have heard about it. It is not even in the top 100 on coinmarketcap.com
Seems like a promotional thread to me.

ArtByte is not as well known because it is a niche coin that was created to support artists of all kinds. But it is a very good coin, with active development, launched in May 2014. https://bitcointalk.org/index.php?topic=503131.0

[Scooby903]

BCC is a way overhyped coin..... and reason for such big rise in price is . almost all the exchanges deposits are disabled.....

[okbit]

Tweet from ArtByte lead developer, Peter Bushnell - "ArtByte 60 blocks away from SegWit on Testnet, all is looking good"






https://twitter.com/ArtByteMe

[First.Bitcoins]

ArtByte SegWit Update

On the ArtByte testnet SegWit/CSV is now locked in, we've finished the activation period.
Now we are in the "grace period" (just like the two week period that Bitcoin is entering today). This period allows users to upgrade their software to support the new style of transactions. On the testnet this period will finish in 310 blocks.

Once this final test period completes, the mainnet roll out is scheduled.


Detailed discussion
On the ArtByte testnet the SegWit and CSV soft forks have been activated using BIP9, this allows us to make soft fork changes using version bits which allows miners to signal that they are ready to accept new rules by setting bits in the block header, this is technically a MASF (Miner Activated Soft Fork). Over 2,016 blocks the required 75%  of blocks were mined with version bits for both soft forks. Now that we have successfully been through the activation period we are now locked in and await SegWit and CSV to be enforced in 310 blocks time. Once activated final tests will be performed and then mainnet roll out scheduled.

[okbit]

ArtByte announced that SegWit is now enabled on their testnet.

[SL125]

Is that why artbyte is up 43% today?

https://coinmarketcap.com/currencies/applebyte/#markets