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<\/p>\nSegWit might be one of the burning issues concerning Bitcoin’s scaling up, however, it has gone beyond the first cryptocurrency. <\/p>\n
Litecoin is also approaching SegWit application, yet the ‘digital silver’ isn’t the only altcoin that might embrace the solution.<\/p>\n
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Litecoin release featuring SegWit code came out<\/a> this January.<\/p>\n “So you may wonder why I’m pushing for SegWit. Litecoin does not have a block size problem. That’s right, and SegWit is not just a block scaling solution. I would even say block scaling is just a side benefit of SegWit. The main fix is transaction malleability, which would allow Lightning Networks (LN) to be built on top of Litecoin. And there are a bunch more nice features of SegWit,” <\/strong>Charlie Lee, the cryptocurrency creator, said back then.<\/p><\/blockquote>\n However, the code will activate once 75% of miners declare their support. It will also take that the support level maintains for the next 8,064 blocks. The required level of support<\/a> was reached by April 12th, and went as high as 80 per cent. However, there still are some concerns regarding whether the coin keeps it on for the entire period of time remaining until the activation. Antpool opposes the activation (which it also does in Bitcoin as well).<\/p>\n By Monday, April 17th, one could witness a quite peculiar development of affairs: Reddit users noticed<\/a> that Antpool suddenly mined a few blocks supporting SegWit and then went back back to its original state. Moreover, the pool’s Litecoin hash rate suddenly skyrocketed and reached 20 per cent. Depending on what happens next, and considering capabilities<\/a> of some other operators like LTC1BTC, this could be enough to block other miners’ efforts.<\/p>\n Launched in 2014, Groestlcoin<\/a> is hardly known to the wide audience (128th place in the overall Coinmarketcap cryptocurrency rank with market cap close $1.7m), however, it is actually the very first altcoin to have successfully activated SegWit. The required support level of 95% was reached this January, and after a short while the activation followed as well. However, the project isn’t that big, so it never faced scalability issues comparable to those of Bitcoin.<\/p>\n Jackie, the project’s leader who prefers to remain anonymous, says that SegWit is the solution mostly addressing transaction malleability issues but it also enables other innovations like Lightning Network, TumbleBit and Mimblewimble.<\/p>\n With that being said, SegWit is not used very actively in the Groestlcoin network as of yet. The cryptocurrency lacks wallets supporting the solution,so apart from some specially crafted transactions to test that the new feature worked, most Groestlcoin transactions still use the old, pre-SegWit format. It is expected that the situation will change by the end of the year. After the release of an updated Electrum version of the Groestlcoin wallet, SegWit transactions are expected to be become fully available.<\/p>\n Anyway, the coin skyrocketed after the pre-SegWit activation, and this was a great reward for both developers and investors.<\/p>\n On March 31st, decentralized marketplace Syscoin has announced<\/a> the release of Syscoin Core 2.1.3 with SegWit fully activated.<\/p>\n Good luck Litecoin, and someday, Bitcoin! — Syscoin (@syscoin) April 4, 2017<\/a><\/p><\/blockquote>\n![\"Not](\"http:\/\/forklog.media\/wp-content\/uploads\/2017\/04\/C9nRu98XUAAHC60.jpg\")
<\/a><\/p>\nGroestlcoin<\/h3>\n
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<\/a><\/p>\nSyscoin<\/h3>\n
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Support #Segwit<\/a> Support #Syscoin<\/a><\/p>\n