Charlie Lee: “People Don’t Realize What Segwit Is”

Since Litecoin is based on the Bitcoin codebase, it also has the choice to adopt Segwit, and founder Charlie Lee believes this will be the case. With Segwit, he tells Bitcoin.com, the Litecoin community could add new technologies like confidential transactions and certain secure signature algorithms, as well as the off-chain Lightning Network. But, he’s noticed one trend in the discussion about Segwit. Apparently, some people don’t really get it.

“People don’t realize what Segwit is,” Mr. Lee tells Bitcoin.com. “The most common negatives about Segwit is that Litecoin does not have a scaling problem. People don’t realize that the main reason for Segwit is to fix the transaction malleability problem. A scaling bump is just a side benefit of it.”

read more at https://news.bitcoin.com/crypto-enthusiasts-segwit-understanding/