Litecoin News

Litecoin Now 15th Largest Cryptocurrency As Per CoinMarketCap.

The Litecoin market has been stable for ten years. With a market capitalization of $12.4 billion, the native cryptocurrency Litecoin (LTC) is now the 15th largest cryptocurrency.

Litecoin Now 15th Largest Cryptocurrency As Per CoinMarketCap.

Litecoin Price Chart – Source: CoinMarketCap

On its tenth anniversary of blockchain, the Litecoin Foundation published an article on how the network was progressing on the path of adoption.

The official release states, “The Litecoin network has already considered transactions worth more than $ 100 billion since the beginning of the year, with daily values ranging from $150 million to more than $1 million each day.”

Litecoin has officially become 10 years old today, cementing its position as a prominent player in the world of cryptocurrency trading, an accomplishment made possible by a mix of unique features and, above all, a multi-year process of creating trust.

The Litecoin Foundation left a trail of memories of how things began a decade ago and how the network has progressed since then. It mentions LTC, which was introduced as “digital silver” a few years ago.

The Litecoin blockchain has also continued to trade at a lesser rate, despite the fact that other networks are experiencing heavy congestion and address work. We have successfully filled this vacancy, according to the LTC Foundation. In addition, the Litecoin blockchain has experienced 100% network downtime in its ten years of existence.

Mimblewimble Extension Blocks are being planned by the Litecoin Foundation as part of a significant network repair (MWEB). This upgrade will bring some of the non-Bitcoin blockchain’s core features, such as transaction data privacy and robustness, to the Bitcoin blockchain.

The Litecoin Foundation also intends to implement transaction privacy on the network. Users working on the LTC blockchain will no longer be compelled to divulge their remittances to third parties with the establishment of MWEB.

The growth of MWEB will help boost LTC transactions while reducing strain. The MWEB code has been finalized, according to the Litecoin Foundation. Quarkslab, a security solutions company, is currently through a multi-month evaluation and review procedure.

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