Litecoin - long called the digital silver to Bitcoin - is seeing a rise in activity ahead of its MimbleWimble implementation in September this year.
Yesterday, Litecoin Foundation director David Schwartz noted the cryptocurrency had over 92,278 active wallets in the past 24 hrs; putting it ahead of both Bitcoin Cash and BSV.#Litecoin had 92,278 active wallets the past 24 hrs.
The metrics indicate Litecoin is seeing a resurgence in terms of investments, transactions, and transfers.
A significant reason could be the upcoming launch of MimbleWimble, which brings privacy features to Litecoin.
Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin.
I am now focused on making Litecoin more fungible by adding Confidential Transactions.
As Burkett stated in his update, a new syncing process brings faster transactions on the Litecoin network - courtesy of an innovative block processing model.
I love the idea of testing cross chain communication between Litecoin and Cardano.
Trading wise, Litecoin led gains among all large-cap cryptocurrencies in the recent rally.
Litecoin has historically served as a leading indicator of Bitcoin prices.
Litecoin "active" wallets jump ahead of Bitcoin Cash and BSV
Published on Aug 8, 2020
by Cryptoslate | Published on Coinage
Are we dumb? Financial illiterates 'twice as likely to own crypto'
According to the results of Bank of Canada's 2019 Cash Alternative Survey published in August 2020, financial literacy is positively associated with the awareness of cryptocurrencies but negatively associated with ownership.
Developer reveals 'biggest unsolvable Lightning attack vector'
Independent Bitcoin Lightning developer, Joost Jager, has outlined an exploit of the micro-payments network that could result in channels being compromised with very little effort and negligible cost.
Yam plans protocol overhaul despite first successful V3 rebase
Despite Yam's first post-relaunch rebase executing successfully, its developers are planning many more changes to the protocol.
Yearn.finance's founder and others aren't bullish on Uniswap's current governance model
Last week, the decentralized exchange Uniswap shocked the crypto world when it released its own token, UNI. The launch was predicated on fully decentralizing the protocol and putting the control of its direction in the hands of users, as all historical traders on the Ethereum-based application were gifted UNI. Every historical trader got a baseline distribution of 400 coins and liquidity providers got access to more, with many getting hundreds of thousands of dollars worth of the coin for basically free.