Since most altcoins are based on Bitcoin’s codebase, upgrades to Bitcoin are often relatively easy to implement in altcoins. Indeed, as SegregatedWitness (SegWit) is slow to activate on Bitcoin, several altcoins are taking a stab at implementing and activating the soft fork first.
However, it seems the very same politics that are holding back the protocol upgrade on Bitcoin are now seeping into several of these altcoins.
“What we are seeing is a stalling tactic from miners,” Viacoin lead developer Romano told Bitcoin Magazine . “They know that if SegWit activates on altcoins, it will make blocking it on Bitcoin even less credible.”
Launched in 2014, Groestlcoin has a total market cap of some $365,000, earning it the 163th spot on CoinMarketCap at time of publication. This makes it the smallest of the five altcoins aiming for SegWit but also the first to have actually succeeded in activating it. The required 95 percent of hash power signaled support back in January, and the protocol upgrade has been live since.
“Jackie,” who prefers not to reveal his full name, is