Lightning Network adoption ushers in a new era of cryptocurrency functionality

Lightning Network adoption ushers in a new era of cryptocurrency functionality

On May 10, Segregated Witness (Segwit) was activated on Litecoin, allowing Lightning Network (Lightning) transactions from various software clients to settle on the cryptocurrency's network. The creator of Litecoin, Charlie Lee, started advocating for SegWit activation on Litecoin and Bitcoin at the start of the year. Lee described the two competing networks as two highways: “Today, Bitcoin is packed full of cars and Litecoin is empty.

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