The digital currency Litecoin (LTC) topped $12 on Midweek afterwards several mining pools began showing back upwards for the
Segregated Witness (SegWit) upgrade. Shenzhen-based puddle BW.com, which accounts for 5.8 share (160 GH/s) of mining capacity on the Litecoin network, according to estimates yesteryear
LitecoinPool, mined its kickoff SegWit-signaling block on Tuesday night.
Litecoin founder, Charlie Lee, made the statement on Twitter:
In improver to BW,
Multipool, a cryptocurrency mining puddle based out of California that supports several option digital currencies, besides began signaling back upwards for SegWit on Wednesday.
Although miners’ back upwards for the upgrade surpassed the needed 75 share threshold today - 79.51 share at press fourth dimension - this back upwards has to survive maintained for the adjacent 2 weeks earlier SegWit activation occurs on the Litecoin network.
Assuming everything goes according to innovation inside the adjacent thirty days, Litecoin volition survive 1 of the kickoff major option digital currencies to successfully implement SegWit, according to Charlie Lee on
Twitter.
But non all Litecoin miners are on the same page when it comes to the potential benefits offered yesteryear the SegWith upgrade.
For instance, several large Litecoin mining pools similar Antpool together with LTC1BTC - sec largest puddle alongside 14.2 share of all mining capacity on the Litecoin network - accept refused to indicate back upwards for SegWit, together with accept fifty-fifty been defendant yesteryear many inside the Litecoin community of stalling progress yesteryear adding additional mining ability to force the threshold nether 75 share at opportune times.
While it remains to survive seen if such tactics are deployed over the adjacent 2 weeks, investor involvement inwards
Litecoin has already risen dramatically.
Data from
CoinMarketCap shows that book on Poloniex’s LTC/BTC twosome accounts for fifteen share ($42,642,900) of global Bitcoin turnover over the yesteryear 24h, surpassing fifty-fifty Bitfinex’s BTC/USD pair, which normally receives the largest chunk of daily turnover:
At the acme of today’s SegWit-fueled rally, the LTC/BTC central charge per unit of measurement hitting a 6-day high of 0.010 xi on U.S.-based central Poloniex, spell the LTC/USD charge per unit of measurement rose to a 6-day high of $12.318 on Hong Kong-based central Bitfinex.
LTC 3D graphic yesteryear BTC Keychain