Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin

Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin Ethereum Classic has become the fifth largest cryptocurrency in the world after surpassing the market cap of Litecoin. Briefly, Ethereum Classic also overtook NEM, the fourth largest cryptocurrency with a significantly high daily trading volume. The daily trading volume of Ethereum Classic remains larger than…

Litecoin Performs First Microtransaction in Lightning Network

Litecoin Performs First Microtransaction in Lightning Network   Litecoin has sent its first Lightning Network (LN) enabled micropayment, with 0.00000001 LTC “settled in under a second.” The payment, which demonstrates the ability of LN to provide near-instant cost-effective transactions, was sent between parties in Zurich, Switzerland and San Francisco. Blockstream was behind the implementation, releasing…

Litecoin Network Activates SegWit

Litecoin Network Activates SegWit   A long-debated change originally intended to improve bitcoin has now locked in on the lesser-known cryptocurrency network litecoin. Segregated Witness (SegWit) has been the subject of bitcoin’s infamous scaling debate for a couple of years now, but it’s now getting an opportunity to shine on litecoin, or so its supporters…

Litecoin Price Spikes Amid SegWit Activation

Litecoin Price Spikes Amid SegWit Activation   Segregated Witness (SegWit), a code update best known for its role in Bitcoin’s scaling debate, is due to activate on the Litecoin network today. News of SegWit implementation sparked optimism amongst investors. Litecoin had been trading between 1.5 and 5 USD/LTC between 2015 and March 2017. Today, prices…

Litecoin Accounts for 22% of Total Daily Cryptocurrency Trading Volume

Litecoin Accounts for 22% of Total Daily Cryptocurrency Trading Volume   Bitcoin Core’s transaction malleability fix and scaling solution Segregated Witness (SegWit) was activated on Litecoin last week. Since then, Litecoin price massively increased at an exponential rate, due to rising interest from investors and traders. On May 4, Litecoin briefly accounted for 22 percent…

Paris Startup Successfully Tests Lightning Software on Litecoin

Paris Startup Successfully Tests Lightning Software on Litecoin   ACINQ, a Paris-based startup devoted to Bitcoin solutions, has successfully tested their Lightning software on Litecoin. SegWit to Activate on Litecoin With the increasing possibility that Segregated Witness will soon be implemented on Litecoin, more and more people are turning to Litecoin as a testbed for Bitcoin.…

Rumors Surface Regarding Litecoin Implementing a User-activated Soft Fork To Ensure SegWit Activation

Rumors Surface Regarding Litecoin Implementing a User-activated Soft Fork To Ensure SegWit Activation   A lot of cryptocurrency enthusiasts are keeping a close eye on the Litecoin network right now. This popular altcoin is looking to activate SegWit and almost reached the threshold a few days ago. Ever since that time, Chinese pools have added…