Vertcoin is about to activate the Segregated Witness soft fork, and the price of the currency has risen by 191% in 24 hours

Golden Finance - Recently, Vertcoin (VTC) has become a widely watched cryptocurrency, thanks to the implementation of Segregated Witness, which has brought about a sharp increase in the price of Vertcoin.

On April 10, the support signal for the Segregated Witness soft fork from Vertcoin miners reached 73%, setting a new high and approaching the activation value of 75%.

On April 10, the support rate for Vertcoin’s Segregated Witness soft fork reached 73%. Image source: Golden Finance

In its latest blog post on March 23, Vertcoin wrote:

“The SegWit soft fork is in progress and we are currently approaching 75% activation support, with SegWit supporters at over 50% support.”

Through such incentives, Vertcoin encourages the final miners to push for the implementation of the SegWit soft fork.

Vertcoin refuses to use ASIC hardware to resist the centralization of the Vertcoin mining industry. Image source: Golden Finance

Vertcoin describes itself as an “upgraded version of Bitcoin” that provides “extraordinary privacy protections and permanently decentralized nodes” to the network, resisting the centralization of the Vertcoin mining industry by refusing to use ASIC hardware.

Vertcoin, which has maintained a relatively stable price since 2016, rose 191% in 24 hours to 19 cents on Monday.

The price of Vertcoin rose 191% in 24 hours. Image source: Golden Finance

Litecoin is currently facing a similar situation as Vertcoin, and Litecoin also hopes that the price of the coin can double after the activation of Segregated Witness. Despite facing many difficulties, Litecoin founder Charlie Lee is also calling on everyone to work together to activate the Segregated Witness of Litecoin.

But not everyone is convinced that SegWit will have a positive impact, with commentators on Twitter suspecting that SegWit is just the latest tool used by developers to profit from temporary price fluctuations.