Litecoin Segwit – Segregated Witness has reached an all-time high of 75%, establishing a new milestone for the cryptocurrency.
Litecoin SegWit Adoption
According to a report by Litecoin.com, SegWit usage on
LTC core developer Loshan told the outlet that growing SegWit adoption is a testament to LTC’s innovation-oriented development,
LTCled the way forward in adopting the bloat-reducing tech: SegWit. In the future, we hope to lead adoption in cutting-edge blockchain technology.
Litecoin preceded bitcoin in implementing SegWit integration, which allowed for an increased capacity, while decluttering some of the unnecessary data being carried in transactions. SegWit has been met with controversy since its release in 2017 but has ultimately reduced transaction fees while improving the efficiency of the blockchain.
Crypto exchange Coinbase was one of the major catalysts for increasing segwit adoption on LTC’s network, when it implemented the feature in February 2018. SegWit-based usage jumped from 9% at the time to over 33%.