Thanks for joining us for this edition of our bitcoin news roundup, where we’ve got updates on SegWit support, and the wire transfer deadlock experienced by multiple exchanges. We also cover headlines out of Russia and India that suggest both governments may be shifting their stance on digital currencies for the better. Read on to find out more!
F2Pool signals support for SegWit; litecoin nears activation consensus
New headlines relevant to bitcoin’s scaling debate surfaced this week after F2Pool began signalling support for SegWit. The large Chinese mining pool did the same on another cryptocurrency network, litecoin, earlier this month. For bitcoin, SegWit requires agreement from 95% of the network, whereas litecoin requires 75%. As it stands currently, litecoin miners have reached a 73% consensus. If activated, it could serve as “a potential sandbox” to test and refine the new implementation prior to its activation on the bitcoin network. In an official announcement, F2Pool expressed their support for SegWit stating that if support remains stagnant it would be counterproductive for bitcoin. As for increasing the block size, they consider that a necessary topic for future discussions.
Mining pool ViaBTC also recently released an updated statement on SegWit. As