Johnson Lau (@johnsonlau01) has been hard at work on adding Smart Crypto-Vault (MAST & Covenants) to Litecoin.Should have demo early July.- )submitted by Go Vap Orphanage SupporterLitecoin MIT Countdown Discussion Thread (self.litecoin)submitted by Go Vap Orphanage Supporterhttp://litecoin.mit.edu/ Please keep all talk about the countdown in this thread.litecoin@mit.edu if anyone emails them and gets a reply post it here π Rendered by PID 12431 on app-510 at 2017-06-24 11:12:10.565876+00:00 running 3522178 country code: SG.There is a worrisome thread on Reddit right now, which discusses how one user lost 1,000 Litecoin. and imported it into his Electrum-LTC client.Once the funds were transferred to the new address, it got sent to a third address without the user’s permission.This does not mean LiteAddress is bad, but it goes to show one should not necessarily use online address generators either.Losing 1,000 Litecoin is Absolutely Horrible This entire goes to show how generating a wallet address online can still be risky.

Using a third-party online server to create a new address and a private key is not a safe solution. website is compromised by any means, though.It is possible the information was captured to a malware infection on the computer as well.Unfortunately for this Reddit user, it means he lost 1,000 Litecoin by generating an online wallet.Even if he had done so offline, the coins may have still been compromised regardless.Moreover, it is possible his mobile phone was infected with some malware, since he used the portable Electrum-LTC client.Importing the wallet and protecting it with a password won’t do much good if the device used is compromised somehow.For the time being, it is unclear what has happened exactly.The user reports how he imported the wallet and transferred funds from the BTC-E exchange to it.A few minutes after the funds arrived, the money was sent to a new address.Apparently, someone has – somehow – gained access to this specific wallet address and its private key.A very disturbing thought that will certainly hinder mass adoption of cryptocurrency.

Events like these are not very common, but they still occur far more often than anyone would like.Moreover, now is a good time to remind people of how hardware wallets are a solid investment to keep money safe.Unlike a paper wallet or online generated address, hardware wallets do everything offline.Moreover, they do so through a device that can’t be compromised.A lot of hardware wallets support these days, and investing in one, is an absolute must for people who take their financial situation seriously.MIT - Litecoin & Speculation (self.litecoin)submitted by Litecoin HipsterHi All, (electo) here.Saw some discussions around what MIT was up to so I thought I would add some of the cool things MIT has been up to since I keep an eye on the github and digital currency initiative they have going on.In 2016 $900,000 was given to MIT to create a DCI fund for Bitcoin development & research.This has lead to their students and researchers to look into different ways of using the platform.Some of the projects listed on their github include: Lit: This is a lightening implementation from MIT (like others) -- this is probably the prime candidate for what will be released.

There is active development and the code looks almost complete now.Here is a link: /mit-dci/lit Artistry: This is a project specifically to pay artists for work done utilizing bitcoin addresses (so litecoin will also work) and looks like it may rely on LN.Active development going on and this looks like a game changer of an idea since they don't seem to rely on RSK for this.coinbase limitThey are relying on identity management (think keybase) and this looks very cool.bitcoin lootLink to Code: /mit-dci/artistry Link to Paper: /mit-dci/artistry/commit/678902ff6638f311d670185ea889c316a896afda So yes, great good things coming.buy litecoins euLTC may just be the new BTC.bitcoin casino instant withdrawal

Faster, lighter, Less political & Second most second most secure network around (after btc).Thanks, π Rendered by PID 13158 on app-362 at 2017-06-24 11:12:14.724505+00:00 running 3522178 country code: SG.Litecoin creator and Director of Engineering at Coinbase, Charlie Lee, recently held a meeting with several of the largest exchanges and mining pools that use Litecoin in China.Dubbed the “Litecoin Global Roundtable,” the group came to a simple conclusion, immediately activate Segregated Witness (Segwit).litecoin block reward scheduleIt was also agreed that once the Litecoin block capacity is over 50%, the attendees will “prepare for a solution to increase the 1MB block size limit through a hardfork or softfork.”Despite the simplicity of the agreed terms, the eight-hour long webchat ran far longer than expected.bitcoin moeda digital

“Well that took forever!”“Felt like we had to decide on the new pope before we are let out!”The results of the agreement were seen on their blockchain almost immediately.99.7% of the entire network’s hashrate is now signaling Segwit, far more than the 75% needed for activation.A Bitmain-led opposition was previously blocking the effort from reaching the minimum goal.bitcoin machine madridThe cryptocurrency mining hardware manufacturer is now listed as one of the signers of the litecoin roundtable agreement.Segwit is a major upgrade designed for Bitcoin.bitcoin escrow wordpressAlongside a range of changes, the software upgrade may relieve Bitcoin’s transaction limitations.moon bitcoin hackThe code was completed just over one year ago, and the finalized upgrade to bitcoin that includes it was available in October.Despite offering a way to raise the size of Bitcoin’s one-megabyte blocks, adoption has been languishing as the scaling debate continues.

Segwit is fiercely opposed by many miners and followers of alternative Bitcoin software, such as Bitcoin Unlimited.Several cryptocurrencies have announced Segwit adoption.Groestlcoin was the first to adopt the change.Launched in March 2014, the cryptocurrency currently has a US$1.6 million market cap.The Groestlcoin code is very similar to Bitcoin’s, making Segwit implementation easy.Its main claim to fame is having “the single most efficient algorithm for GPUs in the cryptocurrency market,” according to the coin’s developers.On January 17, Groestlcoin admins released an updated client for users, with the Segwit code included.By the time the developers were celebrating the coin’s 3rd anniversary, March 22, they had claimed that Segwit had been fully activated.At the same time, they also released a web-based wallet and alternatives for iOS and android.The Groestlcoin spot price subsequently increase five fold , and continues to trade above pre Segwit levels.In spite of leading altcoin exchange Poloniex not listing the coin, recent trading spikes on April 5th and 12th saw the coin’s market cap exceed three million dollars.

The coin is currently trading for about two and a half cents each.Vertcoin is the second cryptocurrency to finalize code for upgrading to Segwit.Vertcoin is about as old as Groestlcoin, but has double the market cap, at $3.3 million, and trades for about ten cents each.After releasing their upgrade on March 2, it was apparent by April 21 that some large miners refused to upgrade, effectively blocking Segwit on Vertcoin.In response, the development team initiated a controversial User Activated Soft Fork, allowing them to implement Segwit without the miners’ consent.As of May 31, all Vertcoin nodes and miners will be required to upgrade to the new version, adding and activating Segwit immediately.The remaining miners will still be able to create Vertcoin blocks, but mining will be less profitable under higher traffic usage.However, if these remaining miners, who hold the majority of the hashing power, decide to become hostile to the network, there is a risk that they could start a Hard Fork.Cryptocurrencies that have successfully added Segwit will easily be able to deploy their own Lightning Networks.