Litecoin "active" wallets jump ahead of Bitcoin Cash and BSV

Published on by Cryptoslate | Published on

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.