Today SegWit will activate on Litecoin. It has been a hard fought battle that ended with an agreement at the “round-table” between Chinese Miners and the creator of Litecoin, Charlie Lee.
For some bitcoiners this is also a victory and we have seen a few Core developers moving to Litecoin to implement programs that were initially thought for Bitcoin.
The most interesting project will come right after activation and it is called “The Lightning Network”, a decentralized network that uses smart contract functionality to enable instant payments across a network of participants. It is claimed that Confidential Transactions will also be implemented later this year.
I am personally really happy about today since I have witnessed the massive effort that was done by Charlie, Xinxi and the rest of the Litecoin developers to convince miners to start signaling.
But, what about Bitcoin?
It is hard to say if Segwit will ever activate on Bitcoin, it would sure solve a lot of scalability issues and save users a lot of money on transactions fees. However, the 95% activation threshold that is needed makes it almost impossible to achieve considering the resistance from BU supporters.
Absolutely -- But, what about Bitcoin?
I doubt they will implement it for a long time.. sadly!
If Segwit activated on Bitcoin then price will be increased by 200%
What do you think will happen to the current price of litecoin after this development?
hmm my prediction is Litecoin my hits also $100 mark. The big problem behind LTC & other alt coins (except few i.e. ETH, XRP) is that the real world uses seems to zero. So, the recent pump of all major alt coins are not permanent. Soon, they will burst. So, invest in BTC is the more good decision.
Oh this makes me worry because I wanted to invest in litecoin and dash :)
You may invest but not so much. If you invest in crypto then you may follow my system --
50% in BTC, 15% in ETH, 15% in XRP, 10% in DASH, 10% in LTC
it's fun to see the experiment play out though...
Evolution is a wonderful thing.
I see a world where all cryptos can live together peacefully and love one another and interact with the people to free us all.
I wonder how this will pan out. I have some litecoin just in case.
What is stopping Litecoin from replacing Bitcoin with Segwit and Lightning Network?
Bitcoin has a lot of acceptance worldwide and that is hard to achieve in the short term by any other coin.
We might see a pump in a few hours even though it has already been pumped today
I think Litecoin is going to stabilise around $80 in a few months. Segwit was no news but it was definately the only way forward.
I am hodling!
I am new to crypto currencies and my few month of reading about it, I just feel in love with it. Its just sad that I dont have the resources for investment.
can someone explain to me what is the segwit technology
Pumping later dumping that's all even the founder lost faith in it and sold out in the past