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.In February, Lee first hinted his plan to introduce the Bitcoin Core development team’s scaling solution Segregated Witness (Segwit) to Litecoin.Lee noted that the vast majority of the community does not have a proper understanding of Segwit and its potential impact on the Bitcoin network.As such, Lee hoped to prove the level of optimization and efficiency Segwit can bring to a blockchain network.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.bitcoin football bowlIn order for Segwit to be activated on Litecoin, 75 percent of the network’s miners must signal their support for Segwit.bitcoin pibToday, as of April 7, the hash power consensus for Segwit activation is 5 percent away from being achieved.bitcoin legal aspects

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.bitcoin konto auszahlenBrian 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.giant bitcoin minerLitecoin can be described as a replica of Bitcoin in many ways, in terms of structure, philosophy and purpose.bitcoin key compromised

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.The cryptocurrency community is highly anticipating the activation of Segwit as several large mining pools including the world’s second biggest Bitcoin mining pool F2Pool announced that they will push Segwit on Bitcoin if it is successfully activated on Litecoin.best bitcoin sportsbookIf Segwit becomes activated on the Litecoin network, the price of Litecoin will continue to surge.litecoin secure walletAs shown on the image above, over the past two weeks, Litecoin price increased exponentially due to the rise of Segwit support and the likelihood of activation.bitcoin na cpu

Edit: I'm done speaking on the subject.To all the people who took my advice (to simply watch your Litecoin/ The Lee brothers closely), my point is made.To all the people who chose not to see that I'm just trying to show you where these brothers have their hands in the market, I guess I can't help that.I'm not saying Litecoin is going to fail, but I'm saying the Lee brothers may have a bigger hand in crypto than realized and we could be playing right into their game.I know this is speculation, but with how much trading I do I can usually spot a pattern.Has anyone else noticed that somehow with the market "taking a turn", and all cryptos underperforming (including Bitcoin & Ethereum), how is it that Litecoin (which happens to be directly tied to Coinbase through Charlie Lee , who has (Edit: Had) a VERY high position, is somehow jumping up in the market with 1B in daily volume in transactions, and yet no one is noticing its direct tie to a company that is single handedly ruining two major cryptos.

I'm not saying what they are doing is illegal, but isn't it highly unethical to run this sort of business model?Especially one that you directly have a hand in?This almost feels like how Bobby Lee ran a "vote" on twitter to list ETC on BTCC knowing well that it wasn't worth that listing, and he had a personal interest and would directly benefit from it being listed.This is getting ridiculous with how these companies aren't thinking of the customer and a huge conflict of interest is going on inside these companies day in day out.Edit2: I'm not saying you guys can't believe what you want.But it's a little ridiculous that Litecoin have 1 BILLION dollars in daily volume (this is the same volume Ethereum & Bitcoin are trading), and it only HAS 2.4B total volume, conveniently with Charlie denouncing his role in Coinbase.Ethereum shot up from ~1B to 20B and still never had over 1 billion in daily volume until recently.Edit3: Ripple went from ~1B to almost 11B and STILL doesn't have a daily volume NEAR 1 Billion.

Edit4: Actually I underestimated.Litecoin traded at nearly 2 Billion (~1.75B) volume in ONE DAY.Nearly double its actual market cap, and yet people think it's totally normal.I get this is an Ethereum sub, but Litecoin dealt with Coinbase, and no one here thought, hmm something is odd.Edit5: WHOA WHOA WHOA.I know I usually miss a couple of things because I scan through text so fast, but Charlie and Bobby ARE BROTHERS?WTF.. That's a huge conflict of interest.... both happen to work with MAJOR exchanges and both happen to have their hands in direct say of competing cryptos?I wouldn't touch anything they directly approve of with a 10 foot poll.If we know for sure that Bobby totally despises the idea of ETH, how is it any different that his BROTHER have the same outlook?Why wouldn't Charlie work directly with his brother if they had the same goal?Edit6: Maybe last edit because this is turning my stomach.Why is it that Charlie added segwit to Litecoin code in the same timeframe that Bobby was pushing so hard for it in his twitter polls "revealing" that people would stay on the bitcoin chain and wait it out for segwit because it was such a great idea?

It is ridiculous how much these two brothers have swayed a DECENTRALIZED technology.Edit7: I can't even be repulsed enough to not look.He couldn't even wait more than a couple of months to leave coinbase?I mean litecoin was on Coinbase for less than TWO MONTHS.It's nonchalantly added through a conversation between Charlie & Brian?Then Charlie leaves within months of it happening?People, if I've ever cared about the public, now is the time.Evidence obviously points to Charlie having ulterior motives, and I'm not going to say Brian was 100% in on it, but these are way too many coincidences.If August 1 comes, Bitcoin has problems and people just mysteriously flood to Litecoin, which has been stagnant for years, I cannot continue to call this coincidence.I'm not telling everyone to flee the market, but the things that I've stated can be verified in less than a minute and I am only here to increase exposure for anyone thinking of making the jump without connecting the dots.Maybe this is why Coinbase fees are significantly higher yet their infrastructure hasn't seen a change in years.