{"id":27336,"date":"2020-08-17T11:52:20","date_gmt":"2020-08-17T08:52:20","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27336"},"modified":"2025-08-26T20:09:02","modified_gmt":"2025-08-26T17:09:02","slug":"litecoin-segwit-transactions-exceed-80-of-network-activity","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/litecoin-segwit-transactions-exceed-80-of-network-activity\/","title":{"rendered":"Litecoin SegWit transactions exceed 80% of network activity"},"content":{"rendered":"<p>80% of transactions in the Litecoin network are conducted using the Segregated Witness protocol, while for Bitcoin this figure stands at 50%. This was reported by the creator of &#8216;digital silver&#8217; Charlie Lee.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Litecoin SegWit usage has reached 80%, whereas Bitcoin is only at 50%. This is mainly because <a href=\\\"https:\/\/t.co\/F5bBLhmo3s\\\">https:\/\/t.co\/F5bBLhmo3s<\/a> still has not implemented SegWit. <a href=\\\"https:\/\/t.co\/3JjdMhEtTm\\\">pic.twitter.com\/3JjdMhEtTm<\/a><\/p>\n<p>\u2014 Charlie Lee [LTC\u26a1] (@SatoshiLite) <a href=\\\"https:\/\/twitter.com\/SatoshiLite\/status\/1295022279252795392?ref_src=twsrc%5Etfw\\\">August 16, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Data from Blockchair&#8217;s analytics graph shows that the gap between BTC and LTC widened sharply in the first quarter. Since then the share of SegWit transactions in the Litecoin network has continued to rise, while that of Bitcoin has declined.<\/p>\n<p>Lee noted that one of the main reasons for Bitcoin&#8217;s lag is that the operator of the leading BTC wallet Blockchain.com has not yet added SegWit support.<\/p>\n<p>At the same time, Litecoin shows the best daily performance among the top-10 cryptocurrencies by market capitalization, according to <a href=\\\"https:\/\/www.coingecko.com\/en\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">CoinGecko<\/a>. The coin rose by 2.7%, while more than half of the leading digital assets were in the red.<\/p>\n<div id=\\\"attachment_107610\\\" style=\\\"width: 830px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-107610\\\" class=\\\"wp-image-107610 size-full\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/image1-257.png\\\" alt=\\\"Share of SegWit transactions in Litecoin network exceeds 80%\\\" width=\\\"820\\\" height=\\\"399\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/image1-257.png 820w, https:\/\/forklog.com\/wp-content\/uploads\/image1-257-300x146.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image1-257-768x374.png 768w\\\" sizes=\\\"auto, (max-width: 820px) 100vw, 820px\\\" \/><\/p>\n<p id=\\\"caption-attachment-107610\\\" class=\\\"wp-caption-text\\\">Source: CoinGecko.<\/p>\n<\/div>\n<p>Litecoin&#8217;s market capitalization surpassed $4.1 billion, allowing the coin to push Bitcoin SV from the eighth position in the rankings. Over the past month, the price of the cryptocurrency rose by 51%.<\/p>\n<p>In late July, analysts from the Veriphi <a href=\"https:\/\/forklog.com\/en\/news\/study-segwit-and-batching-could-save-bitcoin-users-around-58000-btc\">concluded<\/a> that the widespread use of SegWit since the technology&#8217;s 2017 launch would have saved 36,685.72 BTC (~$434 million).<\/p>\n<p>Follow ForkLog&#8217;s news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>80% of transactions in the Litecoin network are conducted using the Segregated Witness protocol, while Bitcoin&#8217;s share stands at 50%. This was reported by the creator of &#8216;digital silver&#8217;, Charlie Lee.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[209,145],"class_list":["post-27336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-litecoin","tag-segwit"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=27336"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27336\/revisions"}],"predecessor-version":[{"id":27337,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/27336\/revisions\/27337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=27336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=27336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=27336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}