Litecoin has an advantage over Bitcoin in Segwit adoption

Bitcoin’s scalability issue has been a big concern for the community ever since other altcoins and forked coins found a way to make transactions faster and less costly. So, when Segregated Witness (SegWit) came into the picture, people expected Bitcoin to be among the first to adopt it. However, it was litecoin who implemented the Segwit protocol first in April 2017 even though they did not really need it.

The success of SegWit on Litecoin along with the positive feedback from the community steered the way for its adoption on the Bitcoin network. Litecoin’s adoption proved that SegWit implementation on a live crypto network works flawlessly and without any technical roadblocks.

However, two years down the line, Litecoin is still in the lead in terms of SegWit adoption according to data from Blockchair. In early stages, Bitcoin showed an adoption rate of 10% as exchanges and wallets started integrating the off-chain solution in their ecosystem going neck-and-neck with litecoin. In February 2018, Coinbase decided to implement SegWit in their network, pushing the adoption level on the Bitcoin network from 14% to 30% while litecoin’s adoption level grew from 9% to 28%. Read More at AMBCrypto...

#LTC #BTC #Segwit

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