The First SegWit Block Was Mined By The Litecoin Mining Pool BW.Com
The Litecoin Segregated Witness or the SegWit activation seems to be moving stealthily closer as the BW mining pool mines its first SegWit block. The Altcoin’s fortunes have mounted dramatically in the recent weeks on assumption that the SegWit would begin and in spite of the allegations of sabotage by certain community members.
The BW controls around 6.6% of the mining power of the Litecoin, that means that the signaling of the SegWit would urge the overall mining support of over 75% boundary needed for the full activation. Right now the figure stands at just under 74%.
Charles Lee had previously appealed to the Litecoin users to facilitate a user-activated soft fork or the UASF after the rumors appeared that the anti-SegWit miners were purposely faltering its progress. And in the Bitcoin’s SegWit process, in the intervening time, it really seems that the global corporation, the Microsoft is notionally also behind a UASF.
In a tweet, the last 11th of April, Tuesday, the head of the decentralized identity Daniel Buchner has stated that by a default, all of the Bitcoin full nodes and the clients used in Microsoft’s open source decentralized identity implementation will signal for it.
Daniel Buchner had also issued a thinly-veiled warning to the Bitcoin Unlimited supports against the SegWit at the very end of last March which states that “To the Bitcoin Unlimited folks which was threatening for over 51% attack, just simply imagine that a decentralized identity client that is running an SPV that fully blocks the Bitcoin Unlimited that which is shipping to over 1 billion PCs.”