Litecoin SegWit Is Dangerously Close to Falling Below The …

As of right now, there is a lot of discussion among Litecoin enthusiasts regarding SegWit and the UASF. Even though the activating of SegWit has been achieved successfully, certain mining pool operators continue to do everything they can to block it. It seems they are bringing mining hardware online that will effectively disrupt SegWit activation as a whole. A rather dubious turn of events, although it is not hard to find the culprit.

Jihan Wu Strikes Again

In the bitcoin world, everyone is well aware of how Jihan Wu is by far the largest opponent of Segregated Witness. He joined forces with Roger Ver to push Bitcoin Unlimited to users and companies, even though there is no economic support whatsoever. Now that they can’t have their solution succeed, it is evident all they want is to prevent bitcoin from scaling altogether. As a result, there is a standstill on the bitcoin network, with no scaling solution even close to activation.

Litecoin seemingly had avoided all of these problems, as various mining pools supported SegWit signaling from day one. With more hashpower supporting SegWit compared to opposing it,

Read more ... source: TheBitcoinNews

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