On Apr 20, Charlie Lee, Litecoin founder in addition to Coinbase Director of Engineering, announced that Jiang Zhou’er, the founder in addition to operator of a major Litecoin mining pool, was planning to mine several Segregated Witness (SegWit) blocks to examination the pool’s organisation in addition to halt signaling SegWit later the initial testing phase.
Yet, Zhou’er’s Litecoin mining puddle LTC1BTC is soundless mining SegWit blocks in addition to signaling the activation of SegWit, according to diverse mining statistics providers.
Initially, Zhou’er planned to examination his organisation in addition to mining puddle past times signaling SegWit. He intended to halt later mining a few blocks. On Apr 21 however, the Litecoin mining community in addition to manufacture released the “Litecoin Global Roundtable Resolution 001” to portray the full general consensus of both the mining community in addition to the manufacture to the public. The resolution noted that the Litecoin community came to a consensus to mine SegWit blocks in addition to betoken for the activation of the solution.
Following the resolution in addition to the community’s vision, Zhou’er has continued to mine SegWit blocks in addition to betoken his back upwardly toward the scaling solution.
Discussion amongst Charlie Lee
Charlie Lee participated inwards the Global Litecoin Roundtable Meeting to hash out the activation of SegWit on Litecoin. As ane of the substitution figures of the community, Lee played a major operate inwards convincing the mining community to activate SegWit for Litecoin scalability.
By this rate, SegWit on Litecoin volition hold out activated later around other activation period, later 8,064 blocks. If the electrical flow 75.79 percentage threshold continues to hold out sustained, SegWit volition hold out locked inwards past times the 6th activation menses in addition to SegWit volition officially hold out integrated into Litecoin.
Most mining pools that are mining or signaling SegWit on Litecoin innovation to force SegWit on Bitcoin if it performs equally expected on the Litecoin network. Major Bitcoin mining pools such equally F2Pool convey publicly announced that they intend to betoken SegWit on Bitcoin in ane lawsuit its applicability in addition to features are tested on Litecoin.
Even Bitmain’s Antpool, which has been the around song opposer of Bitcoin Core in addition to SegWit, is currently signaling SegWit on Litecoin. Thus, Antpool could potentially betoken SegWit on Bitcoin if it sees its potential on Litecoin.
At the moment, SegWit activation on Bitcoin is nowhere unopen from beingness executed. Only 34.1 percentage of the Bitcoin mining network are in back upwardly of SegWit. Mining pools including Bitfury, BTCC, F2Pool in addition to Slush Pool are actively pushing the integration of SegWit into Bitcoin.
In the contrary, around of the larger mining pools such equally Antpool in addition to BTC.Top are signaling their back upwardly for the Bitcoin Unlimited software, for undisclosed motives.
While around believe Antpool’s opposition to SegWit is their method of eliminating the potential of blocking AsicBoost deactivation, Antpool’s covert utilisation of AsicBoost has non been proven equally of yet.
