Segwit Activated on LiteCoin (LTC)

Perhaps the biggest problem with Bitcoin (BTC) is the ongoing argument about how to scale it. The developers have been arguing about various approaches to scaling for a couple years now. It used to be that BTC transactions were very cheap and would clear in a manner of minutes.

Now, although still cheap in comparison with traditional fiat currency fees, the BTC transaction fees have climbed while the transaction speed has decreased. It is now common for it to take 20 minutes to an hour (sometimes hours) for a BTC transaction to be confirmed.

One of the main contenders for a solution to this is called Segregated Witness, or SegWit. SegWit has been in the BTC code for a while now but BTC has been reluctant to roll it out to full production. Now another large coin called LTC has rolled out SegWit and it has performed as designed. With that happening it is much easier for developers to get on board with SegWit for BTC.

Should that happen, then likely the BTC price would soar. See the accompanying article for more about that and the predicted $5000 BTC price in the near future...

https://cointelegraph.com/news/bitcoin-price-new-all-time-high-at-1442-bitfury-executive-predicts-5000

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