Litecoin Roundtable: “Unanimous Vote” To Decide SegWit Future
Litecoin is set for SegWit in accordance with community support, a Roundtable group has concluded.
A group of Chinese crypto entities from across the scaling debate has gathered together to support SegWit for Litecoin via a vote.
The results of the Global LTC Roundtable Meeting, published today, call for users to make the decision about the coin’s future.
Members included Litecoin creator Charlie Lee, pro-big block miner Bitmain, Huobi and OKCoin.
An extract from the proposal reads:
“Through a voting process, the participating members unanimously agree to the following plan regarding to Litecoin protocol upgrade:
a. To implement Segregated Witness softfork on Litecoin.
b. When the usage of Litecoin block capacity is over 50%, we will start to prepare for a solution to increase the 1MB block size limit through a hardfork or softfork.”
The results mark welcome consensus in a debate which has led to frequent disarray for Litecoin, with a poisonous stalemate similar to that behind the Bitcoin scaling drama threatening to put pay to its fortunes.
Accusations that Bitmain was deliberately hindering SegWit progress led to Lee making a public appeal for a user-activated soft fork (UASF) to occur. Friday’s post, however, shows a reversal.
“We do not advocate a flag-day “UASF” that does not go (through) any users or community voting process. This type of forced upgrade without community consensus put Litecoin in a risk of split,” the roundtable members say.
Participants nominally agreed to abide by the results of public consensus once the vote is administered.