Although the adoption of SegWit has reached remarkable results on the Bitcoin blockchain, these do not achieve the level of use that can be found on Litecoin.
As can be seen from the graph, the adoption of SegWit by the Bitcoin blockchain and the Litecoin one shows a higher increase on the latter, with peaks of up to 20%.
When this protocol was created in 2017, Litecoin introduced it before Bitcoin, testing it for future adoption on BTC’s blockchain and this is one of the reasons why the adoption of Segwit is greater on Litecoin.
Clearly, the support of crypto exchanges such as Binance and Kraken has also played an important role in the adoption of SegWit, as they have started to provide suitable addresses for this protocol upgrade.
On Bitcoin, SegWit is currently used for almost half of the transactions that take place on the BTC blockchain, for more than 48% to be precise. On Litecoin, however, this figure is even higher, reaching peaks of 58%.
