Published on April 20th, 2017 | by bitcoin0
The Scaling of Litecoin’s Emergence Told
The often-overlooked alternative cryptocurrency is in the midst of a historically uncharacteristic price spike and a vicious bout of technical drama that is rivaling bitcoin’s own scaling debate.
In fact, litecoin’s new developments are perhaps best viewed as simply the latest extension of bitcoin’s two-year scaling debate, since the controversy also revolves around a proposed blockchain upgrade called Segregated Witness.
The long-in-progress code change, supporters say, could usher in a wave of changes that could improve bitcoin’s usability.
Some say that making the change on litecoin will help to signal whether it’s a safe and beneficial technical change, or not.
“[W]ith SegWit and bitcoin’s current block scaling deadlock, I see a potential for litecoin to help bitcoin break through this deadlock,” said litecoin creator Charlie Lee in a blog post.