Litecoin Successfully Activates Segwit – CryptoCoinsNews

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Litecoin is the biggest digital currency to successfully activate segwit which went live around 6PM London time on the 10th of May 2017 with segwit transactions now available for use depending on the litecoin wallet.

The upgrade was overall smooth, despite a slight hiccup with one miner, F2Pool, which for a brief period returned a BTC template to LTC miners, an oversight that was quickly fixed with no known problems at the time of publishing.

It is now immediately available to use if your service provider has upgraded to support segwit with Charlie Lee, Litecoin’s founder, tweeting out the first segwit transaction minutes after its activation.

First SegWit transaction on Litecoin!https://t.co/QTJAMDlC8s

— Charlie Lee (@SatoshiLite) May 10, 2017

The first segwit transaction on litecoin – image from cryptoid

The transaction is somewhat heavy, taking up 3KBs of space when average transactions use around 300-400 bytes. However, Marek Palatinus, Slush Pool founder, Read more ... source: TheBitcoinNews

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