Every Major Litecoin Mining Pool now Signals SegWit – The Merkle

A lot of cryptocurrency enthusiasts are keeping a very close eye on the Litecoin ecosystem as we speak. After an agreement was formed after the Litecoin Roundtable Resolution, nearly all LTC mining pools are now signaling SegWit support. At this rate, it is a matter of weeks until Segregated Witness activates on the Litecoin network. An interesting development that is worth keeping an eye on.

Litecoin Will Receive SegWit Very Soon

Two days ago, the cryptocurrency community received quite an interesting surprise. A document was published on Medium outlining how operators of all Litecoin mining pools came together to discuss the future of the network. It took about 8 hours until an agreement was reached, although very few people expected such a positive outcome. All parties agreed on activating Segregated Witness on the Litecoin network, which is a rather surprising development.

Not too long ago, it appeared some of the larger Chinese mining pools would continue to stall SegWit activation on the Litecoin network. The same pools opposing SegWit on Bitcoin did so for Litecoin, although they have come around where the LTC network is concerned. All parties endorse a Segregated Witness soft fork, which would provide the scaling upgrade to the

Read more ... source: TheBitcoinNews

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