Litecoin Foundation Reports 'No Issues' Since SegWit Activation

The litecoin cryptocurrency adopted an upgrade called Segregated Witness just over a month ago and, so far, the integration is reported to be issue-free.

The code optimization, known popularly as SegWit, was initially put forward as a way to improve the functionality of bitcoin (paving the way for initiatives such as the Lightning Network), while also making more room for data in each transaction block.

As CoinDesk previously reported, litecoin proponents began pushing for a SegWit upgrade earlier this year, a move that culminated with an activation on 10th May following back-and-forth discussions between miners and community stakeholders.

Read more here: http://www.coindesk.com/litecoin-foundation-reports-no-issues-since-segwit-activation/