Cryptocurrency Litecoin Tops $12 On Renewed Optimism For Segwit Upgrade


The digital currency Litecoin (LTC) topped $12 on Midweek later several mining pools began showing back upwards for the Segregated Witness (SegWit) upgrade. Shenzhen-based puddle BW.com, which accounts for 5.8 portion (160 GH/s) of mining capacity on the Litecoin network, according to estimates past times LitecoinPool, mined its rootage SegWit-signaling block on Tuesday night.

Litecoin founder, Charlie Lee, made the annunciation on Twitter:



In improver to BW, Multipool, a cryptocurrency mining puddle based out of California that supports several choice digital currencies, too began signaling back upwards for SegWit on Wednesday.

Although miners’ back upwards for the upgrade surpassed the needed 75 portion threshold today - 79.51 portion at press fourth dimension - this back upwards has to live on maintained for the side past times side ii weeks earlier SegWit activation occurs on the Litecoin network.

Assuming everything goes according to innovation inside the side past times side xxx days, Litecoin volition live on 1 of the rootage major choice 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 past times the SegWith upgrade.

For instance, several large Litecoin mining pools similar Antpool together with LTC1BTC - s largest puddle amongst 14.2 portion of all mining capacity on the Litecoin network - bring refused to dot back upwards for SegWit, together with bring fifty-fifty been defendant past times many inside the Litecoin community of stalling progress past times adding additional mining ability to force the threshold nether 75 portion at opportune times.

While it remains to live on seen if such tactics are deployed over the side past times side ii weeks, investor involvement inwards Litecoin has already risen dramatically.

Data from CoinMarketCap shows that book on Poloniex’s LTC/BTC twain accounts for xv portion ($42,642,900) of global Bitcoin turnover over the past times 24h, surpassing fifty-fifty Bitfinex’s BTC/USD pair, which unremarkably receives the largest chunk of daily turnover:


At the summit of today’s SegWit-fueled rally, the LTC/BTC telephone substitution charge per unit of measurement hitting a 6-day high of 0.010 xi on U.S.-based telephone substitution Poloniex, piece the LTC/USD charge per unit of measurement rose to a 6-day high of $12.318 on Hong Kong-based telephone substitution Bitfinex.

LTC 3D graphic past times BTC Keychain






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