$LTC surged in price/value this week and the miner support also has surged in recent days -- now very very near to the 75% of the required votes needed, to make the switch. Big news for this coin, and also the Bitcoin community as we know!!
People get confused: You do not look at the DAILY % or number for miner support --- You have to look at the line that deals with TOTAL miner support.
Charlie Lee of LiteCoin was asking for support from a large pool of Chinese miners in a pool--- and by all accounts, they came onboard, and that led today, earlier to the day's success in reaching the required SegWit threshold needed at 75% of miners on that consensus.
On February 3 this year, Litecoin miners began to signal (vote) on the Segwit integration. (Segregated Witness)
Some of you know that I have been personally watching the Litecoin market and news, knowing this network vote was coming for many weeks now.... why????
Generally Litecoin has been called the "silver to Bitcoin's gold" -- because the 2 crypto currencies share so many common features and coding.
That is why the BITCOIN community is watching the progress on this vote on the network.
Here is the updated screenie of the CoinmarketCap site -- for LiteCoin: Hours after the big news of the day too:
Litecoin Upgrades include:
Fix malleability,
Possible block size capacity optimization. (Likely meaning more transactions processed / block and speed up the transaction queue.
Furthermore, implementing Segwit means the Lightning Network can be applied to the Litecoin protocol as well.
( The Lightning Network: A protocol made to increase the speed of transactions & assist Bitcoin’s current tech. limits in regards to scaling on the network as-is. It is commonly known that right now, it can only process fewer than 10 transactions per second, vs. the thousands that other payment processors are handling currently. )
It is pretty cool, you can watch the network/miners' (voters) process here!
-- http://litecoinblockhalf.com/segwit.php
Today in the CoinTelegraph:
Litecoin Segregated Witness (SegWit) activation appears to be creeping closer as BW mining pool mines its first SegWit block.
The altcoin’s fortunes have increased dramatically in recent weeks on speculation SegWit would begin, despite allegations of sabotage by certain community members.
Creator Charlie Lee broadcast the BW event via Twitter on Tuesday.
BW controls around 6.6 percent of mining power for Litecoin, meaning that its signaling of SegWit would push overall mining support over the 75 percent boundary needed for full activation. The figure currently stands at just under 74 percent.
Lee had previously appealed to Litecoin users to facilitate a user-activated soft fork (UASF) after rumors appeared that anti-SegWit miners were deliberately halting its progress.
In Bitcoin’s SegWit process, meanwhile, it appears that global corporation Microsoft is notionally also behind a UASF.
In a tweet on Tuesday, the head of decentralized identity Daniel Buchner said that “by default, all (Bitcoin) full nodes and clients used in Microsoft's open source decentralized identity implementations will signal” for it.
Direct quotes + reference: https://cointelegraph.com/news/litecoin-mining-pool-bwcom-mines-first-segwit-block
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
$LTC surged in price/value this week and the miner support also has surged in recent days -- now very very near to the 75% of the required votes needed, to make the switch. Big news for this coin, and also the Bitcoin community as we know!!
People get confused: You do not look at the DAILY % or number for miner support --- You have to look at the line that deals with TOTAL miner support.
Charlie Lee of LiteCoin was asking for support from a large pool of Chinese miners in a pool--- and by all accounts, they came onboard, and that led today, earlier to the day's success in reaching the required SegWit threshold needed at 75% of miners on that consensus.
On February 3 this year, Litecoin miners began to signal (vote) on the Segwit integration. (Segregated Witness)
Some of you know that I have been personally watching the Litecoin market and news, knowing this network vote was coming for many weeks now.... why????
Generally Litecoin has been called the "silver to Bitcoin's gold" -- because the 2 crypto currencies share so many common features and coding.
That is why the BITCOIN community is watching the progress on this vote on the network.
Here is the updated screenie of the CoinmarketCap site -- for LiteCoin: Hours after the big news of the day too:
Litecoin Upgrades include:
Fix malleability,
Possible block size capacity optimization. (Likely meaning more transactions processed / block and speed up the transaction queue.
Furthermore, implementing Segwit means the Lightning Network can be applied to the Litecoin protocol as well.
( The Lightning Network: A protocol made to increase the speed of transactions & assist Bitcoin’s current tech. limits in regards to scaling on the network as-is. It is commonly known that right now, it can only process fewer than 10 transactions per second, vs. the thousands that other payment processors are handling currently. )
It is pretty cool, you can watch the network/miners' (voters) process here!
-- http://litecoinblockhalf.com/segwit.php
Today in the CoinTelegraph:
Litecoin Segregated Witness (SegWit) activation appears to be creeping closer as BW mining pool mines its first SegWit block.
The altcoin’s fortunes have increased dramatically in recent weeks on speculation SegWit would begin, despite allegations of sabotage by certain community members.
Creator Charlie Lee broadcast the BW event via Twitter on Tuesday.
BW controls around 6.6 percent of mining power for Litecoin, meaning that its signaling of SegWit would push overall mining support over the 75 percent boundary needed for full activation. The figure currently stands at just under 74 percent.
Lee had previously appealed to Litecoin users to facilitate a user-activated soft fork (UASF) after rumors appeared that anti-SegWit miners were deliberately halting its progress.
In Bitcoin’s SegWit process, meanwhile, it appears that global corporation Microsoft is notionally also behind a UASF.
In a tweet on Tuesday, the head of decentralized identity Daniel Buchner said that “by default, all (Bitcoin) full nodes and clients used in Microsoft's open source decentralized identity implementations will signal” for it.
Direct quotes + reference: https://cointelegraph.com/news/litecoin-mining-pool-bwcom-mines-first-segwit-block
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s
Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.