On Apr 20, Charlie Lee, Litecoin founder too Coinbase Director of Engineering, announced that Jiang Zhou’er, the founder too operator of a major Litecoin mining pool, was planning to mine several Segregated Witness (SegWit) blocks to exam the pool’s arrangement too halt signaling SegWit afterwards the initial testing phase.
Initially, Zhou’er planned to exam his arrangement too mining puddle yesteryear signaling SegWit. He intended to halt afterwards mining a few blocks. On Apr 21 however, the Litecoin mining community too manufacture released the “Litecoin Global Roundtable Resolution 001” to portray the full general consensus of both the mining community too the manufacture to the public. The resolution noted that the Litecoin community came to a consensus to mine SegWit blocks too betoken for the activation of the solution.
Following the resolution too the community’s vision, Zhou’er has continued to mine SegWit blocks too betoken his back upward toward the scaling solution.
Discussion alongside Charlie Lee
Charlie Lee participated inwards the Global Litecoin Roundtable Meeting to hash out the activation of SegWit on Litecoin. As i of the fundamental figures of the community, Lee played a major purpose inwards convincing the mining community to activate SegWit for Litecoin scalability.
By this rate, SegWit on Litecoin volition hold out activated afterwards around other activation period, afterwards 8,064 blocks. If the electrical flow 75.79 per centum threshold continues to hold out sustained, SegWit volition hold out locked inwards yesteryear the 6th activation menstruation too SegWit volition officially hold out integrated into Litecoin.
Most mining pools that are mining or signaling SegWit on Litecoin conception to force SegWit on Bitcoin if it performs every bit expected on the Litecoin network. Major Bitcoin mining pools such every bit F2Pool convey publicly announced that they recollect to betoken SegWit on Bitcoin i time its applicability too features are tested on Litecoin.
Even Bitmain’s Antpool, which has been the nigh song opposer of Bitcoin Core too 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 per centum of the Bitcoin mining network are inwards back upward of SegWit. Mining pools including Bitfury, BTCC, F2Pool too Slush Pool are actively pushing the integration of SegWit into Bitcoin.
In the contrary, around of the larger mining pools such every bit Antpool too BTC.Top are signaling their back upward 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 occupation of AsicBoost has non been proven every bit of yet.