Language: Have an account?Charlie Lee @SatoshiLite Charlie Lee @SatoshiLite Also known as coblee, creator of Litecoin.Ex-Director of Engineering at Coinbase. Add a location to your Tweets When you tweet with a location, Twitter stores that location.You can switch location on/off before each Tweet and always have the option to delete your location history.Learn more Turn location onNot now List name Description Public · Anyone can follow this list Private · Only you can access this list Here's the URL for this Tweet.Copy it to easily share with friends.Add this Tweet to your website by copying the code below.Learn more Add this video to your website by copying the code below.Learn more Include parent Tweet Include media By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.Sign up, tune into the things you care about, and get updates as they happen.

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Coinbase CEO Confirms Litecoin Support as Trading Volumes Surge ​​Coinbase customers and users will soon be able to purchase Litecoin with fiat money.On April 5, the company’s CEO Brian Armstrong confirmed with Litecoin creator and Coinbase Director of Engineering Charlie Lee that the trading platform will add Litecoin support to accommodate its growing user base.dogecoin listIn February, Lee first hinted his plan to introduce the Bitcoin Core development team’s scaling solution Segregated Witness (Segwit) to Litecoin.irs bitcoin guideLee noted that the vast majority of the community does not have a proper understanding of Segwit and its potential impact on the Bitcoin network.ethereum growingAs such, Lee hoped to prove the level of optimization and efficiency Segwit can bring to a blockchain network.legitimate bitcoin exchange

Specifically, Lee spoke highly of Segwit’s ability to provide both block size increase and an infrastructure for two-layer solutions such as the Lightning network to prosper.In an Ask Me Anything (AMA) event, Lee stated: “So as developers, we need to see if the economic majority of Litecoin users want Segwit.From what I am seeing today, the support is overwhelmingly in favor.So if it comes to that, we will have to decide what drastic measures to take to add Segwit to the protocol.But we are not close to that point yet.” For the most part, Lee’s vision of adopting Segwit for Litecoin scalability met the demands of the community.As mentioned above, miners, developers and users of Litecoin were in support of Segwit implementation from the very beginning.In order for Segwit to be activated on Litecoin, 75 percent of the network’s miners must signal their support for Segwit.Today, as of April 7, the hash power consensus for Segwit activation is 5 percent away from being achieved.

How Segwit Relates to Coinbase Support & Litecoin Trading Volume Litecoin price began to surge exponentially upon the introduction of Segwit.The daily trading volume of Litecoin continued to rise as the hashrate supporting Segwit activation increased.In fact, on GDAX, the Global Digital Asset Exchange of Coinbase, Litecoin trading volume surpassed US$10 million.“Litecoin GDAX volume is over $10M.Brian Armstrong, I think it's time we let people easily buy Litecoin with fiat on coinbase.” Armstrong agreed to Lee’s proposal and granted the final approval to the Coinbase development team to support Litecoin trading.Litecoin can be described as a replica of Bitcoin in many ways, in terms of structure, philosophy and purpose.Thus, Litecoin makes a perfect platform to test solutions like Segwit before being activated and implemented onto the Bitcoin network.Most investors, traders, developers and users are currently eager to see the impact of Segwit on a commercially successful blockchain network like Litecoin.