Cryptocurrencies with SegWit and LN-style off-chain payment solutions - page 7.

sidhujag

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Quote from: NUFCrichard on February 05, 2017, 12:08:28 PM

Quote from: shinratensei_ on February 05, 2017, 02:52:56 AM

Quote from: ?? on ??

Quote from: topesis on February 04, 2017, 08:12:33 AM

Quote from: Grdas130979 on February 04, 2017, 07:55:17 AM

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

SegWit is simple hype and it means nothing for LTC.
Or we will see ethereum try to implement SegWit.

What a joke!!!!!

More hype and more money, simple basic understanding about SegWit in altcoin.

LTC will never be as highly used as Bitcoin AND it can process transactions 4 times as fast as Bitcoin.
It can use Segwit, or not, it doesn't matter, it isn't limited by the number of transactions that it can process.

I can't think of an Alt that needs Segwit. Have any ever been maxed out and started to build a large number of unconfirmed transactions?

Syscoin needs it to bring in schnorr signatures and LN

jwinterm

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NUFCrichard - it's not only about scaling. In fact, it wasn't originally pitched as scaling solution for Bitcoin. It's about eliminating malleability, allowing cross-chain txs, and getting ready for schnorr sigs and other stuff. See the block capacity point is about the last one on the list:
https://bitcoincore.org/en/2016/01/26/segwit-benefits/

BitcoinNational - it hasn't had a commit on Github in over two years. I wouldn't hold my breath.

NUFCrichard

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Quote from: shinratensei_ on February 05, 2017, 02:52:56 AM

Quote from: ?? on ??

Quote from: topesis on February 04, 2017, 08:12:33 AM

Quote from: Grdas130979 on February 04, 2017, 07:55:17 AM

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

SegWit is simple hype and it means nothing for LTC.
Or we will see ethereum try to implement SegWit.

What a joke!!!!!

More hype and more money, simple basic understanding about SegWit in altcoin.

LTC will never be as highly used as Bitcoin AND it can process transactions 4 times as fast as Bitcoin.
It can use Segwit, or not, it doesn't matter, it isn't limited by the number of transactions that it can process.

I can't think of an Alt that needs Segwit. Have any ever been maxed out and started to build a large number of unconfirmed transactions?

BitcoinNational

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shinratensei_

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Quote from: ?? on ??

Quote from: topesis on February 04, 2017, 08:12:33 AM

Quote from: Grdas130979 on February 04, 2017, 07:55:17 AM

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

SegWit is simple hype and it means nothing for LTC.
Or we will see ethereum try to implement SegWit.

What a joke!!!!!

More hype and more money, simple basic understanding about SegWit in altcoin.

sidhujag

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You can add syscoin to that list.. it may be the first merged mined coin with hash rates up to btc levels for fair tests of segwit.. it is on 0.13.2 with the next release in a few weeks.

Why do i want segwit in sys? Simple.. schnorr sigs for advanced multisig aliases. Also lightening networks will allow for auction types of.offers and other cool stuff.

jwinterm

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Quote from: ?? on ??

Quote from: topesis on February 04, 2017, 08:12:33 AM

Quote from: Grdas130979 on February 04, 2017, 07:55:17 AM

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

To some extent I agree, but it's nice to see altcoins implement CSV, which should enable trustless atomic cross chain txs and maybe eventually truly decentralized exchanges.

In unrelated news, Groestlcoin finally got a bit of a bounce in price for being first to fire up the hype machine Cheesy

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Quote from: Grdas130979 on February 04, 2017, 07:55:17 AM

Did Litecoin really nees segwit or its a test for its big brother BTC ?

This should really be a test of segwit on ltc though non of the known altcoins experience transaction malleability and will not be feasible for bitcoin to adopt it at the moment.

seven.71

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Quote from: ?? on ??

Quote from: topesis on February 04, 2017, 08:12:33 AM

Quote from: Grdas130979 on February 04, 2017, 07:55:17 AM

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

for all of them pure simple hype, thats the only reason it has been implemented, litecoin also

Although there is disintegration seen in upgrades for Bitcoin miners, the proposal to use SegWit in litecoin benefits and the aim is for the market as an alternative to Bitcoin litecoin in key markets.
litecoin deployment to SegWit can make increases in value due utilities and this can make the miners back their positions.

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Quote from: d5000 on February 04, 2017, 07:46:25 AM

Segwit also fixes the transaction malleability problem and makes advanced functions like Atomic cross-chain trading and payment channels with instant payments (Lightning Network) way easier to implement. So in my opinion, it's a step towards the future of cryptocurrency.

As i know, transaction malleability problem was fixed after BIP66 at 2015.
Segwit it's just one of the ways which trying to solve one of the hardest bitcoin problem - scaling (and some others little problems). Another way it's hardfork with block increasing.

d@nte

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I did not know that so many cryptocurrencies were already so far advanced with respect to SegWit implementation. Certainly it is worth researching the proposal of each of these cryptos and what plans the developers have for the future. I think the hype will intensify after big coins, like Bitcoin and Litecoin, are closer to activating SegWit.

topesis

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Quote from: Grdas130979 on February 04, 2017, 07:55:17 AM

Did Litecoin really nees segwit or its a test for its big brother BTC ?

You can even have a solid argument for Litecoins but other coins you ask yourself why do they even need SeqWit, some don't even have a daily trade volume of $1000, so why do you want to implement SeqWit

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Did Litecoin really nees segwit or its a test for its big brother BTC ?

d5000

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Thanks jackielove4u! So Groestlcoin seems to be the first cryptocurrency with Segwit activated.

Any in-detail info about the other cryptocurrencies in the list is greatly appreciated!

Quote from: elbandi on February 04, 2017, 07:35:45 AM

could someone explain why segwit good for an altcoin?
Elbandi

Segwit also fixes the transaction malleability problem and makes advanced functions like Atomic cross-chain trading and payment channels with instant payments (Lightning Network) way easier to implement. So in my opinion, it's a step towards the future of cryptocurrency.

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Quote from: elbandi on February 04, 2017, 07:35:45 AM

could someone explain why segwit good for an altcoin?

bitcoin blocks almost full, they have to do something to put more tx into one block. But in altcoins blocks are empty....

The litecoin blocks are 4 times faster rather than bitcoin, there is no serious problem needs to be fixing by the dev with the SegWit implementation, at least that's including on the dev journal to encouraging the lost demand.
Segwit = Hype, does it real? See it in the future.

SegWit is a way to fixing the blocksize problem on bitcoin.

elbandi

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could someone explain why segwit good for an altcoin?

bitcoin blocks almost full, they have to do something to put more tx into one block. But in altcoins blocks are empty....

Elbandi

jackielove4u

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Quote from: d5000 on February 04, 2017, 06:54:33 AM

- In the case of Groestlcoin: Is it only already in the "signalling phase" (like BTC) or Segwit already was adopted by miners (75% of the blocks mined in the last 2016 block phase)? It seems a bit unclear as in the thread there is no concrete info, but for now I put it in the "Activated" section.

It was 95% of the blocks mined in the last 2016 blocks, like Bitcoin has.

CSV, Segwit and BIP65 timeline:
• Signal: Miners will be able to signal that they are willing and able to enforce csv, segwit and BIP65 starting at the beginning of the first 2016 block retarget period on or after 21 January 2017 (UTC). In short signalling started on block 1435392 which was on 21 january 2017
• Lock-in: Once 95% of blocks in a 2016 block long period have signaled that their miners are ready to enforce csv, segwit and BIP65 then csv, segwit and BIP65 will lock-in – meaning that unless the blockchain is rolled back at that point, csv, segwit and BIP65 will become active. In short Lock-in happend on block 1437408 which was on 23 january 2017
• Activate: After another 2016 block period, csv, segwit and BIP65 will activate, allowing miners to produce blocks containing csv, segwit and BIP65 transactions on Groestlcoin’s mainnet. In short Activate happend on block 1439424, which was on 24 january 2017.

So yes, it is activated since 24 january 2017.

d5000

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Thanks! Have updated the post.

- I've not found much info about Ixcoin, so it may be still in the planning phase.
- In the case of Groestlcoin: Is it only already in the "signalling phase" (like BTC) or Segwit already was adopted by miners (75% of the blocks mined in the last 2016 block phase)? It seems a bit unclear as in the thread there is no concrete info, but for now I put it in the "Activated" section.

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Soon every TurdCoin 💩 will upgrade to segwit so it won't mean much.

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Quote from: d5000 on February 04, 2017, 12:02:10 AM

Which cryptocurrencies are planning or already implementing SegWit?

I would like to build a list of them.

Until now, I know:

- Bitcoin (adoption unsure, still low miner support)
- Litecoin (signalling just started yesterday, too early to draw conclusion)
- Viacoin (planned, but still no signalling)

Are there more? I'll update the OP if I find more (even the smallest ones), feel free to suggest some. (If there is already a thread about this, point me to it).

VertCoin is based on their latest blog: https://vertcoin.org/wp/blog/

Quote

The Vertcoin Development team has been busy the last month working on updating our wallet to the latest Bitcoin core with Segregated Witness (segwit). If you’re not familiar with segwit you can read the benefits and purpose here ( https://bitcoincore.org/en/2016/01/26/segwit-benefits/). With that being said we are excited to announce that everything is working as it should on the test-net ,and if time permits we should have the new release ready sometime early next week, if not sooner. This should serve as a heads up to miners and pools since we will need a 75% consensus for segwit to activate. Please spread the word.

Thanks,
Eric (etang600)

Topic: Cryptocurrencies with SegWit and LN-style off-chain payment solutions - page 7. (Read 15786 times)