Xinxi Wang ( and Franklyn Richards ( joined me as Director to the Litecoin Foundation and we had Loshan ( and Thrasher ( as developers working on the code. ” Loshan and Thrasher also joined to help with the code. Shaolin Fry joined the team specifically “ to help us get SegWit activated on Litecoin. While the SegWit story evolved, Warren Togami stepped down as lead developer.
#Lite coin history series#
LTC price chart for on Gemini | Source: LTC/USD on The Foundation Of The Litecoin FoundationĪ quick subsection, because this series is about Litecoin’s history. The main fix is transaction malleability, which would allow Lightning Networks (LN) to be built on top of Litecoin.” I would even say block scaling is just a side benefit of SegWit. That’s right, and SegWit is not just a block scaling solution. Litecoin does not have a block size problem. “So you may wonder why I’m pushing for SegWit. ” Besides helping Bitcoin beat the FUD, Charlie Lee had o ther reasons to implement SegWit in his project. If miners can steal millions from anyone-can-spend coins, they would. ” On Litecoin, on the other hand, there would be “ incentives for people to attack it. It couldn’t “ test out the game theory of the blockchain.
Unfortunately Bitcoin testnet was not useful here.īitcoin’s Testnet wasn’t helpful in this case because its coins are worthless, so it doesn’t provide an incentive for bad actors to attack it. It was not possible for miners to steal coins that way. Anyone technical enough knows that this was not true. Basically the fear was that once SegWit is activated, miners can steal any coins sent to SegWit addresses.