SegWit Soft Fork Locked In

After the release of our UASF wallet, miners have reached overwhelming consensus to implement SegWit via the standard BIP9 procedure of reaching over 75% SegWit signalling. This means that from block 713664 (in about 1.5 days), SegWit will start being enforced on Vertcoin main net. This means all mined unupgraded and non-conforming blocks after that point will be orphaned from the network. This also means that unupgraded (<=v0.10) wallets will not be able to independently verify SegWit transactions, so you really should upgrade in order to secure yourself. An explanation of the benefits of SegWit are available here.

We have also ported a Lightning Network client to our test net which you can try out from here. After SegWit has activated on main net, I will update the client further so it can be used for VTC. Please remember Lightning is still new technology very much under development. You can set up channels and send money between each other but there are likely unknown bugs and money can go missing. Therefore, you should not transact money that you really care about losing until the software been more widely tested. If you want help or to find people to transact with, just jump on our slack.

We are raising donations to fund a newly optimised AMD miner, wallet UI redesign and website content overhaul in the near future. Zemrys is also working on a one-click miner for Vertcoin in the near future. You can donate to the development fund here: VpBsRnN749jYHE9hT8dZreznHfmFMdE1yG.

Thanks,

James