Usually dismissed as less innovative than the more widely used bitcoin blockchain, the activation of a code upgrade called Segregated Witness (SegWit) is inspiring developers to give the smaller litecoin network a second look.
The fourth-largest public blockchain by total investment, litecoin is expected to formally add SegWit this week – a move that could pave the way for projects that are all but impossible to implement on bitcoin today. And, with the chances that SegWit will activate on bitcoin appearing less likely, the decision has put a new spotlight on litecoin, launched in 2011 as one of the first ‘altcoins’ seeking to optimize the bitcoin code base.
Now, projects that were seeking to build on top of SegWit on bitcoin are beginning to talk openly about using litecoin as a testbed that would hopefully prove their ideas on a live, public blockchain.
So far, the Lightning Network is the most concrete example of how some teams are adapting to the new possibility. Last week, one Lightning project released a version of its software designed to be compatible with litecoin.
But other projects that are dependent on SegWit look to be eyeing the bitcoin alternative as well.
Nicolas Dorier, bitcoin developer and CTO for distributed ledger startup Metaco, summed up the current mood by
Read more ... source: CoinDesk
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