Will artbyte benefit from its coming SegWit implementation?

[okbit]

Today, Coindesk ran an article titled, "SegWit Goes Live: Why Bitcoin's Big Upgrade Is a Blockchain Game-Changer". Article here

The article explained how SegWit brings "game-changing" changes to the bitcoin. SegWit will bring these game-changing features to Artbyte as well.

These same features listed in the article apply to Artbyte. From the article:

Here are the key things that SegWit enables:
 - It rearranges how data is stored in bitcoin blocks.
 - It boosts capacity while remaining compatible with past versions of the software.
 - It removes transaction malleability, a bug that's been the primary roadblock for many bitcoin projects...


But the biggest impact is the new technologies SegWit gives access to.

SegWit will boost the development of more forward-looking technologies necessary for bitcoin's mainstream use...

The Lightning Network... and MAST (which enables more complex bitcoin smart contracts), schnorr signatures (which would enable another transaction capacity boost) and TumbleBit (an anonymous top-layer network).

These new technologies, will allow Artbyte to use smart contracts for dividing musician & artists income among various rights holders. Currently this is only available for musicians on some music focused alts running on the Ethereum network. ArtByte will bring it to all types of artists: actors, dancers, writers, painters, photographers, etc.

Yes, SegWit implementation will be huge for Artbyte!

[SL125]

What is the status on segwit on artbyte? I have not seen a recent update.

[First.Bitcoins]

SegWit is fully deployed on the ArtByte testnet. We are doing some final testing on the new client and official pool server. SegWit should go live by the end of September.

Update here: https://www.artbyte.me/the-road-to-segwit/

[SL125]

Septemebr is tomorrow, so it won't be long now. Will artbyte implement the lightning network, smart contracts, anonymous transactions, etc. immediately?

[okbit]

Septemebr is tomorrow, so it won't be long now. Will artbyte implement the lightning network, smart contracts, anonymous transactions, etc. immediately?

The enablement of segwit on the artbyte live blockchain has begun. Artbyte mined its first segwit enabled block on the live blockchain yesterday. So the process has started.

See this post: https://bitcointalk.org/index.php?topic=2189961.msg21983568#msg21983568

[Someone47]

probably not because this coin has such low amount of transaction, if it has segwit or not, no effect at all

in other words just a marketing gimmick trying to pump the price

[okbit]

probably not because this coin has such low amount of transaction, if it has segwit or not, no effect at all

in other words just a marketing gimmick trying to pump the price

I have to disagree, if any coin has a real use for SegWit it is Artbyte. Their Roadmap states that deploying SegWit will give them the ability for smart contracts on the ArtByte blockchain (using Lightning network and MAST). This allows artbyte to divide artists income according to rights holders, like musicians. Which is what Musicoin is doing on the ethereum network. But artbyte will be doing smart contracts for all types of artists when they sell their work.

[Someone47]

probably not because this coin has such low amount of transaction, if it has segwit or not, no effect at all

in other words just a marketing gimmick trying to pump the price

I have to disagree, if any coin has a real use for SegWit it is Artbyte. Their Roadmap states that deploying SegWit will give them the ability for smart contracts on the ArtByte blockchain (using Lightning network and MAST). This allows artbyte to divide artists income according to rights holders, like musicians. Which is what Musicoin is doing on the ethereum network. But artbyte will be doing smart contracts for all types of artists when they sell their work.

You're right. I understand

[okbit]

yes, pretty simple

artbyte + segwit = Lighting & MASK = smart contracts on the artbyte blockchain


https://www.artbyte.me/the-road-to-segwit/

[Ayers]

i think segwit on anything that is not bitcoin is a waste other shitcoin don't need segwit they have no real volume in transaction just some coins are moved for dumping and trading, segwit on any altcoin that is not bitcoin is only for hype

[SL125]

i think segwit on anything that is not bitcoin is a waste other shitcoin don't need segwit they have no real volume in transaction just some coins are moved for dumping and trading, segwit on any altcoin that is not bitcoin is only for hype

I think you are right for most coins, but it seems to me that artbyte has a valid reason to do it.

artbyte + segwit = Lighting & MASK = smart contracts on the artbyte blockchain

[First.Bitcoins]

yes, pretty simple

artbyte + segwit = Lighting & MASK = smart contracts on the artbyte blockchain


https://www.artbyte.me/the-road-to-segwit/

Great way to say it! We tweeted it:

[peschi]

SegWit is fully deployed on the ArtByte testnet. We are doing some final testing on the new client and official pool server. SegWit should go live by the end of September.

Update here: https://www.artbyte.me/the-road-to-segwit/

Hey dev, any news about the implementation date of segwit on the mainnet? Can we still expect September or do you think you will need more time for testing?

[peschi]

SegWit is fully deployed on the ArtByte testnet. We are doing some final testing on the new client and official pool server. SegWit should go live by the end of September.

Update here: https://www.artbyte.me/the-road-to-segwit/

Hey dev, any news about the implementation date of segwit on the mainnet? Can we still expect September or do you think you will need more time for testing?

ArtByte has mined the first SegWit enabled block on the live blockchain!

http://forum.artbyte.me/topic/5448-deployment-of-segwit-has-begun-on-the-live-artbyte-blockchain/

Ok, havn't checked the announcement thread before....
Congratulations to SEGWIT!

[First.Bitcoins]

Yes, the rollout of SegWit on the live blockchain has begun. Next step is updating our official pool, then releasing the new client.

[SL125]

Looks like the pool is being upgraded tomorrow.

The official ArtByte pool is going down for maintenance tomorrow to enable SegWit mining, and will be down 2-3 days.

https://bitcointalk.org/index.php?topic=503131.msg22076461#msg22076461

[okbit]

Word of the segwit implementation seems to be spreading.

[jezus]

I must download new wallet?

[jyotianand01]

Yes, segwit implementation will benefit artbyte coin. Segwit is already applied on artbyte testnet. This will help a lot to coin as they can divide musician & artists income among various rights holders.

[First.Bitcoins]

I must download new wallet?

You do not have to download a new wallet, it is a soft fork. So your wallet will continue to work.
But if you want to take advantage of all the SegWit features we recommend you download the new wallet when we release it.