KCN Charlie Lee advocates for Segwit activation
Channel: KCN News
Date: 2017-04-13

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KCN Charlie Lee advocates for Segwit activation
Litecoin inventor urges crypto community to activate SegWit. Charlie Lee started advocating for Segregated Witness activation on Litecoin and Bitcoin in early January. He claims that the main benefit of SegWit is transaction malleability fix, which would allow Lightning Networks (LN) to be built on top of Litecoin. Charlie Lee believes, that Litecoin will still be used after SegWit and Lightning Networks activation on Bitcoin due to higher transaction fees for Bitcoin LN than for Litecoin LN transactions. The other important feature is instantaneous cross-chain transactions, which will allow efficient decentralized exchanges.
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