Litecoin Pools Signaling Segwit Cryptocurrency Outlook

A successful SegWit activation for Litecoin could have an effect on the bitcoin network too. What Can a Litecoin Pools Signaling Segwit Cryptocurrency Outlook Do? Some members of the bitcoin community accused Bitmain of deliberately preventing the activation of Segregated WItness Segwit on Litecoin. Hence Buy Bitcoin Peer To Peer Litecoin Should Fail on the roundtable, which took place this year in Cancun, Mexico, are rare and vague. How Can I Buy Bitcoin? But surely not as much as for Litecoiners themselves, who have already started to erupt in enthusiastic cheers. Considering all these reports, the whole situation seems genuinely stuck. The value per LTC continues to increase steadily despite some minor pushbacks. Ethereum What is Ethereum? It is good to see Litecoin succeed where Bitcoin is failing right. The past few weeks have been quite intense for Litecoin users, to say the. While the protocol upgrade SegWit is still far from being activated on BitcoinCharlie Lee seems to succeed in implementing it in Litecoin. We have reached out for comments, but have not received a response in time for publishing. In the end, it appears, SegWit has not been activated because of stupidity and evil. With SegWit activation within reach, it will be interesting to see how this situation evolves. For Bitcoin, Wang said, his pool does not intend to support SegWit for an undefined amount of time. It looks like we'll get activated soon. It solves long-lasting bugs like malleability, provides the urgently needed capacity increase and. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies Coinbase Current Bitcoins Selling Price Litecoin Worth Calc blockchain startups. At this point in time, that is only a few short days away. Following the successful signaling of Segwit, its activation period Ledger Wallet Cryptocurrency How To Find An Undervalued Crypto Currency Litecoin Pools Signaling Segwit Cryptocurrency Outlook April 14, set to continue for two additional weeks. For the Bitcoin community, this turn of events with the small brother of the cryptocurrency should be extremely thrilling. Since the mining pool understands X11 Genesis Mining Review Mining Profitability Bitcoin successful adoption of Segwit on Litecoin could likely lead to the activation of Segwit on bitcoin, Bitmain could be motivated to stop Segwit activation on Litecoin at all costs. Join visionary leaders, economic pioneers and enterprising investors from around the world as they Most Profitable Mining Algorithm Coin Mining Hashing Software the future of our financial…. The UASF enables users to trigger the activation of a soft fork even if not a sufficient share of miners signal readiness. It currently has x or more space available every 2. There is a lot of excitement among Litecoin community members right .

Immediate impact

Altcoins , Bitcoin , News Tags: Adding impact to the news is the context in which this upgrade takes place. The users could build SegWit transactions and punish SegWit rejecting miners with orphaning their blocks. Since the mining pool understands that successful adoption of Segwit on Litecoin could likely lead to the activation of Segwit on bitcoin, Bitmain could be motivated to stop Segwit activation on Litecoin at all costs. When suggestions to introduce segwit to Litecoin were first made last year, some of the community appeared to be against it, but Lee has strongly supported segwit, publicly stating:. The UASF enables users to trigger the activation of a soft fork even if not a sufficient share of miners signal readiness. As a reaction to the stagnating support for SegWit the marketing for the upgrade took surreal forms. Litecoin image via Shutterstock. It long stood as number 2 in market cap, but recently has faced fierce competition, especially from Ethereum and Monero. During the industry event Construct , organized by CoinDesk, many of the talks covered SegWit and created the impression that the whole future of Bitcoin and cryptocurrency depends completely on its activation. In the end, it appears, SegWit has not been activated because of stupidity and evil. Good for Litecoin, bad for Bitcoin. The Litecoin Foundation's Richards argued that litecoin users "unanimously" support the code change, and that the "politics really only exist on bitcoin", stating:. By early May, things will be looking very different for Litecoin, to say the least. Have a breaking story? It currently has x or more space available every 2. Bitcoin Bubble Is Bursting Karma: Litecoin developer Charlie Lee wants to use the altcoin as another testnet. Header image courtesy of Shutterstock. Will the Litecoin users use SegWit transactions or will they just ignore it, as Litecoin is nowhere near its capacity limits? It would be fascinating to learn how it plays out — if the activation of a soft fork is possible with UASF, or if it ends in chaos. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. The price is rising , and both chief developer Charlie Lee as chief miner Wang Chun celebrate the upcoming soft fork. A representative from BW. Depending on how it plays out, the SegWit activation on Litecoin will become a strong reason for or against SegWit on Bitcoin. Blockchain — What is bitcoin? Blockchain luminaries descended on the University of Pennsylvania's business school in what seemed like a recruiting session for the crypto-ecosystem. The reasons why the miners refuse to vote for the upgrade are manifold. For the Bitcoin community, this turn of events with the small brother of the cryptocurrency should be extremely thrilling. Some members of the bitcoin community accused Bitmain of deliberately preventing the activation of Segregated WItness Segwit on Litecoin. We have reached out for comments, but have not received a response in time for publishing. All of this positive attention reflects on the LTC price as. Bitcoin Bubble Is Bursting Karma: In the past few days, Antpool also demonstrated some Largest Bitcoin Miners 2018 Ethereum Hack Reddit behaviors which misled the bitcoin and mining communities. Jack Liao, CEO of litecoin mining hardware developer LightningAsic, for instance, admitted to CoinDesk that he expects the upgrade to do Date Of Bitcoin Gold Fork Gpu Ethereum Miner for the litecoin economy. It might be that the advantages outweigh the disadvantages, but saying there are none is wrong. How Long Does It Take Gdax To Binance Poloniex Support Center surely not as much as for Litecoiners themselves, who have already started to erupt in enthusiastic cheers. Antpool is one of the few major mining pools to reject Segwit activation Litecoin Pools Signaling Segwit Cryptocurrency Outlook both Litecoin and bitcoin. At this point in time, that is only a few short days away. At least a little. The activation threshold was reduced to 75 percent, maybe with the intent to gather information for doing Original Cost Of A Bitcoin How Does Kraken Price Litecoin same later with Bitcoin. However, the signaling rate remained below the activation threshold of Auction Items For Bitcoin Ethereum Contract Auction percent. For the Bitcoin community, this turn of events with the small brother of the cryptocurrency should be extremely thrilling. Some of them even one-sidedly declared the whole argument as invalid. On that network, miners have been hesitant to support the change for technical and political reasons, and as such, users have been calling to test the technology on litecoin as a way to determine whether concerns are valid. A similar sound seems to have dominated the Satoshi Roundtable. February 7, These are exciting times to Meaning Of Cryptocurrency In Hindi Best Hardware Cryptocurrency Wallet involved in cryptocurrency, that much is certain. This kind of advertisement for the upgrade completely ignores that there are indeed reasons against SegWit. Apr 26, at Some, including Charlie Lee, have framed it more as a step towards SegWit adoption on bitcoin. Since the mining pool understands that successful adoption of Segwit on Litecoin could likely lead to the activation of Segwit on bitcoin, Bitmain could be motivated to stop Segwit activation on Litecoin at all costs. Apr 11, at Following the successful signaling of Segwit, its activation period began on April 14, set to continue for two additional weeks. The users could build SegWit transactions and punish SegWit rejecting miners with orphaning their blocks. Bitcoin remains as it is, which is not only a bad thingbut after all it lacks the needed capacity to prevent regular traffic jams on the blockchain. It currently has x or more space available every 2. Apr 9, at With his support, SegWit has the best chances to be activated on Litecoin.

No Primary Litecoin Pool Will Upgrade to Segwit, Says LTC1BTC’s Founder

How Does Blockchain Technology Work? The Litecoin blockchain is barely used, with blocks usually less than ten kilobytes. After the voting started on February 2, the enthusiasm from miners seems to be not extraordinarily huge, which might reflect that there is a limited urgency for it. The Bitcoin protocol upgrade SegWit has been long announced as the best thing since sliced bread, coming with Cryptocurrency Rsi Charts Live Profits From Ethereum Mining Rig extensive list of improvements for Bitcoin. After realizing that Antpool stopped signalling for Segwit, Chun wrote: He noted that Antpool could have been hacked by an undisclosed group of hackers who are motivated to activate Segwit on Litecoin. AltcoinsBitcoinNews. Apr 9, at But the rare reports available clearly indicate that scaling in general and SegWit in particularly have been an important topic and that most of the participants agreed on the story that SegWit is perfect and, again, not activated due to the Litecoin Pools Signaling Segwit Cryptocurrency Outlook of miners. But surely not as much as for Litecoiners themselves, who have already started to erupt in enthusiastic cheers. Antpool is one of the few major mining pools to reject Segwit activation on both Litecoin and bitcoin. Message from Litecoin users and markets is loud and clear. Ethereum What is Ethereum? Will the Litecoin users use SegWit transactions or will they just ignore it, as Litecoin is nowhere near its capacity limits? On the morning of April 11, BW. The signaling for SegWit by Bitcoin miners has stagnated since early December. There is neither an awareness on one side that the developers have to deliver something to get SegWit activated, neither is there the willingness of the miners to support SegWit without getting what they think has been promised. In an outcry of frustration he wrote: The UASF enables users to trigger the activation of a soft fork even if not a sufficient share of miners signal readiness. Litecoin developer Charlie Lee wants to use the altcoin as another testnet. As a reaction to the stagnating support for SegWit the marketing for the upgrade took surreal forms. After realizing that Antpool stopped signalling for Segwit, Chun wrote: For those reasons the signaling for SegWit stagnates. Good for Litecoin, bad for Bitcoin. Depending on how it plays out, the SegWit activation on Litecoin will become a strong reason for or against SegWit on Bitcoin. The past few weeks have been quite intense for Litecoin users, to say the least. The upgrade is desirable for the implementation of the Lightning Network, but it has been a controversial proposal in bitcoin for numerous reasons, including suggestions that it makes further on-chain transaction capacity increases more difficult. How Does Ethereum Work? Such a thing seems highly improbable where Bitcoin is concerned right now. Altcoins , Blockchain , News. Some of them even one-sidedly declared the whole argument as invalid. In the end, it appears, SegWit has not been activated because of stupidity and evil. Altcoins , Bitcoin , News. We have reached out for comments, but have not received a response in time for publishing. And, perhaps partially because litecoin transaction volume is still low, wallets don't seem to be in a rush to do so.