tech news

Litecoin Mining Pool BW.com Mines First SegWit Block

Please Share this post

News for Lightcoin Miners and Traders from Charlie Lee

Ntel Introduces New Tariffs For their Unlimited 4G data plans

Litecoin Segregated Witness (SegWit) activation appears to be creeping closer as BW mining pool mines its first SegWit block.

According to cointelegraph The altcoin’s fortunes have increased dramatically in recent weeks on speculation SegWit would begin, despite allegations of sabotage by certain community members.


Creator Charlie Lee broadcast the BW event via Twitter on Tuesday.


BW controls around 6.6 percent of mining power for Litecoin, meaning that its signalling of SegWit would push overall mining support over the 75 percent boundary needed for full activation. The figure currently stands at just under 74 percent.

Nigeria Ranked 7th Position Over POS Usage In Africa, Checkout!

Lee had previously appealed to Litecoin users to facilitate a user-activated soft fork (UASF) after rumors appeared that anti-SegWit miners were deliberately halting its progress.

In Bitcoin’s SegWit process, meanwhile, it appears that global corporation Microsoft is notionally also behind a UASF.


In a tweet on Tuesday, the head of decentralized identity Daniel Buchner said that “by default, all (Bitcoin) full nodes and clients used in Microsoft’s open source decentralized identity implementations will signal” for it.


Pay what you want and learn how to develop your own Android apps

uchner had issued a thinly-veiled warning to Bitcoin Unlimited supporters against SegWit at the end of March. “To the BU folks threatening a 51% attack: Imagine a decentralized identity client, running an SPV that blocks BU, shipping to 1 billion PCs,” he wrote.

Please Share this post

Applygist

Applygist.com is founded and owned Ayuba Ibrahim, A web developer, SEO Geek and computer engineer that has great passion and interest for technology and latest trends in the ICT world. The main aim of this great site is to keep all the visitors and followers abreast of the latest trends in the technology and telecommunication world latest free, cheap and best data subscription plans; latest electronic gadgets, phone reviews, tech tutorials and all your ICT issues. Applygist.com give our esteemed customers, partners, and visitors what they deserve by rendering valuable information, tutorials, and reviews to suit any category of persons or organization. This blog is updated daily with the latest information and tutorials to spice and increase your ICT and technology know-how.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Adblock Detected

Please consider supporting us by disabling your ad blocker