THELOGICALINDIAN - Litecoin has surpassed the appropriate cardinal of signaling blocks bare to actuate Segregated Witness Segwit on Wednesday Segwitis accordingly bound in on Litecoin After Segwit is lockedin it will actuate wrote Segwits development team
Also read: Litecoin Reaches Round Table Resolution for Protocol Upgrade
Segwit Locked In
Early on Wednesday, Litecoin architect Charlie Lee tweeted: “Segwit on Litecoin will be bound in in ~19 hours, but we already accomplished the appropriate cardinal (6048) of signaling blocks.” His cheep anon followed the official Litecoin channel’s tweet.
The activation beginning for Segwit on Litecoin was set to 75 percent by its development 
team. Specifically, “6048 out of 8064 (75%) blocks are appropriate to ability ‘locked_in’ status,” the Litecoin tracking armpit Litecoinblockhalf explains. The armpit shows that currently 6328 out of 7911 or 79.99% of blocks are signaling for Segwit, abacus that “after addition activation period, Segwit will become active.”
In the meantime, all miners and nodes are encouraged to advancement their software to the latest version. The development aggregation behind Segwit wrote:
The Road to Segwit Activation
In February, Litecoin developers led by Charlie Lee accomplished the advance to add Segwit to their cryptocurrency. However, instead of carefully afterward Bitcoin’s activation plan, the Litecoin aggregation absitively to lower the activation beginning from 95 percent bottomward to 75 percent.
Last week, Bitcoin.com reported on the Litecoin community’s Global Roundtable meeting. A resolution was accomplished during the accident amid several above mining basin operators and exchanges that barter Litecoins. They agreed to authorize the background for accord which allows Segwit to be activated.
Responding to the account of Segwit’s awaiting activation, the price of Litecoin jumped from $4 per LTC at the end of March to about $16 at the time of writing, demography its bazaar assets to about $743 million.
Other Altcoins Adopting Segwit
Litecoin will not be the aboriginal cryptocurrency to add Segwit to their antecedent code. A abundant abate altcoin alleged Groestlcoin has already adopted the change on their mainnet. The three-year-old crypto has a $1.6 actor bazaar cap. It trades for beneath than three US cents but has been active growing over the years. In January, the Groestlcoin admins updated the cipher to accommodate Segwit, and by their 3rd ceremony abreast the end of March, Segwit was activated.
Another altcoin, Vertcoin, could chase anon abaft Litecoin if they stay on schedule with their User Activated Soft Fork (UASF) to actuate Segwit on Vertcoin at midnight on May 31. Currently, the majority of mining ability for the cryptocurrency is not signaling for Segwit but the developers and the association are blame advanced for Segwit regardless.
Meanwhile, added altcoins such as Viacoin, Syscoin and Digibyte accept additionally added Segwit to their development roadmaps.
Lightning on Litecoin
Both Litecoin and Groestlcoin accept started alive on what comes abutting afterwards implementing Segwit: deploying the Lightning Arrangement (LN). On Tuesday, French Bitcoin technology aggregation Acinq announced that they accept tested their lightning arrangement on the Litecoin testnet, which has been active Segwit for weeks. “With eclair 0.2-alpha3 to be released, we looked at what was bare to accomplish it run on Litecoin,” the startup wrote afore exclaiming:
“In fact, it formed out of the box, all we had to do is change a few agreement parameters,” Acinq claims. While there are some things larboard to be accomplished tuned, they accept that “it is actual accessible that the aboriginal LN acquittal accustomed absolute amount will be fabricated on Litecoin.”
What do you anticipate about Litecoin activating Segwit? Let us apperceive in the comments area below.
Images address of Shutterstock, Segwit, Twitter, Highcharts.com, Groestlcoin, Acinq and Charlie Lee
Need to account your bitcoin holdings? Check our tools section.
