Bitcoin news roundup May 14, 2017

This week’s summary of various cryptocurrency news and developments:

New developments:

There are over 150,000 unconfirmed bitcoin transactions

Unconfirmed bitcoin transactions reached an all-time high this week, as according to the number got as high as 160,000 – at the time of press, there are currently 156,900. It isn’t yet clear what caused a spike in the number of unconfirmed transactions, but some point out that the recent price surge may have been responsible, as bitcoin holders could have been trying to cash in on it. Bitcoin’s endless scaling debate aims to provide users with a solution but, unfortunately, there is still no answer to how bitcoin should be scaled.

Litecoin has successfully activated SegWit

Litecoin, the silver to bitcoin’s gold, has now successfully activated segregated Witness (SegWit). The change activated at block 1201536 this week, and this means that litecoin users can now verify whether or not the update, subject to bitcoin’s seemingly endless scaling debate, will indeed help the network or not – the move will even reveal whether SegWit is valid for bitcoin. Litecoin is currently the fourth biggest cryptocurrency with a $1.3 billion market cap. One token is currently worth $27.20, according to CoinMarketCap.

Some litecoin enthusiasts are

Read more ... source: TheBitcoinNews

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