Bitcoin News Litecoin Transaction Settled Under a Second With Segwit, Effect on Bitcoin?Litecoin Transaction Settled Under a Second With Segwit, Effect on Bitcoin?On May 10, the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated WItness (Segwit) was officially activated on Litecoin, as revealed by Litecoin founder and Coinbase director of Engineering Charlie Lee.He also revealed that the first Segwit transaction was settled almost immediately after the activation of Segwit on Litecoin.Over the past few months, both Bitcoin and Litecoin communities highly anticipated the implementation of Segwit due to its ability to provide an infrastructure for two-layer solutions such as the Lightning network and TumbleBit.Lightning was particularly demanded by the community and industry because it allows the processing of micropayments using unique payment channels.A day after the activation of Segwit, on May 11, Blockstream infrastructure tech engineer Rusty Russell, who is better known as an Australian free software programmer and his contributions in the development of the Linux kernel's networking subsystem and the Filesystem Hierarchy Standard, published an analytical blog post entitled “Major Milestone: The First Lightning Payment on Litecoin pays from Zurich to San Francisco,” to introduce the first instance of a Lightning payment on Litecoin.

In it, Russell revealed that a Litecoin transaction worth about US$1.3 cents were settled in under a second.Russell stated: “Christian patched the Blockstream Lightning implementation to work on Litecoin, and two hours after Segregated Witness activated on Litecoin, he opened a Lightning channel between lightning clients in Zurich and San Francisco worth about 1.3 US cents.litecoin pool forumOnce the channel was set up, he transferred 0.00000001 LTC (1 litecoin-satoshi) in under a second.bitcoin begging sitesFurther test involved another Zurich->SF payment of 1000 litecoin-satoshi, then a return of the original 1 to Zurich: once a channel is open, an almost-infinite number of further transactions are fast and trivially easy.” While Lightning payment channels work well for a limited number of payments, they particularly excel in processing a bunch of micropayments or small transactions by merging all of the transactions within a Lightning payment channel into one single transaction.bitcoin mining difficulty 2015

Christian Decker of Blockstream, another infrastructure tech engineer at Blockstream mentioned in Russell's blog post, developed the first full and secure Lightning payment on a non-test network, meaning Litecoin mainnet, to demonstrate the true potential of the Lightning network.bitcoin donation scriptBlockstream and the rest of its development team officially began the development of the Lightning protocol back in 2015.litecoin financeHowever, Lightning hasn’t been implemented onto the bitcoin protocol due to the lack of Segwit.bitcoin yellenAccording to Ryan Shea of Blockstack, Segwit’s fix of transaction malleability is absolutely essential for the launch of two-layer solutions such as Lightning.Shea wrote: “It fixes the substantial transaction malleability problem once and for all, enabling second-layer scaling solutions like Lightning.” Previously Luke Jr, a Bitcoin Core developer, noted that the Lightning network could potentially optimize bitcoin blocks by up to 90 percent.

Currently, the community is awaiting for the activation of Segwit on bitcoin to observe the effect of Litecoin on the bitcoin protocol.Add your comment to this page This Bangladeshi Taka and Litecoin convertor is up to date with exchange rates from June 24, 2017.Enter the amount to be converted in the box to the left of Bangladeshi Taka.Use "Swap currencies" to make Litecoin the default currency.Click on Litecoins or Bangladeshi Taka to convert between that currency and all other currencies.Bangladeshi Taka (BDT) Litecoin (LTC) Other countries and currencies The Bangladeshi Taka is the currency in Bangladesh (BD, BGD).The Litecoin is the currency in no countries.The symbol for BDT can be written Tk.The symbol for LTC can be written LTC.The Bangladeshi Taka is divided into 100 paisa (poisha).The exchange rate for the Bangladeshi Taka was last updated on June 20, 2017 from Bloomberg.The BDT conversion factor has 4 significant digits.The LTC conversion factor has 6 significant digits.

BDT LTC 50.00 0.01307 100.00 0.02615 200.00 0.05229 500.00 0.13073 1000.00 0.26146 2000.00 0.52291 5000.00 1.30728 10,000.00 2.61457 20,000.00 5.22913 50,000.00 13.07283 100,000.00 26.14566 200,000.00 52.29132 500,000.00 130.72830 1,000,000.00 261.45660 2,000,000.00 522.91321 5,000,000.00 1307.28302 10,000,000.00 2614.56603 BDT rate June 20, 2017 LTC BDT 0.02000 76.49 0.05000 191.24 0.10000 382.47 0.20000 764.95 0.50000 1912.36 1.00000 3824.73 2.00000 7649.45 5.00000 19,123.63 10.00000 38,247.27 20.00000 76,494.53 50.00000 191,236.33 100.00000 382,472.65 200.00000 764,945.30 500.00000 1,912,363.25 1000.00000 3,824,726.50 2000.00000 7,649,453.00 5000.00000 19,123,632.51 LTC rate June 24, 2017 Print the charts and take them with you in your purse or wallet while you are traveling.