3 Major Milestones to Commemorate Litecoin’s 7th Anniversary

Litecoin has turned seven years previous, which marks an essential milestone for this common different cryptocurrency. Quite a lot of achievements have been famous over time, and it seems there’s nonetheless much more to come for LTC. All of those adjustments and upgrades pave the best way for a extra aggressive cryptocurrency ecosystem.

#3 Debit Card Assist

It’s all the time tough to spend cryptocurrencies, whether or not one holds altcoins or Bitcoin. Though some lovers would love to see cryptocurrency displace conventional banking, a collaboration between each industries can yield some fascinating options as properly. Within the case of debit playing cards, they make much more handy to use and spend cryptocurrencies, at the very least till direct adoption materializes.

Within the case of Litecoin, issues look very promising the place debit card assist is worried. Each TenX and Wirex have confirmed assist for this altcoin, and it seems Crypto.com is following go well with on this regard. Though the Litepay deal fell by way of finally, the present momentum appears to favor this altcoin within the spending division.

#2 Atomic Swaps

For these lovers who keep watch over the world of decentralized exchanges, atomic swaps will play an integral function. Litecoin has been on the entrance and heart of atomic swaps over the previous few years. It may be exchanged to Bitcoin, in addition to a number of different currencies and property by way of this decentralized method. That could be a optimistic signal, albeit it stays to be seen how issues play out sooner or later.

Litecoin can successfully change into a key foreign money on this planet of atomic swaps. Primarily due to its place within the atomic swap division, it may possibly act as an acceptable bridge between the likes of Bitcoin and different currencies. That is facilitated additional by the foreign money’s low charges and excessive transaction all through when wanted.

#1 Scaling Past Bitcoin

Not like Bitcoin, Litecoin seems to have solved its scaling points fairly a while in the past. Extra particularly, the altcoin has efficiently launched SegWit properly earlier than Bitcoin did, and its native Lightning Community can also be coming into play extra recurrently.

Due to these ongoing scaling enhancements, Litecoin seems to be in a greater place than Bitcoin when it comes to mass adoption for funds. Though Bitcoin will get its personal upgrades sooner or later, Litecoin clearly has a bonus. On the identical time, it’s far much less generally used than Bitcoin and even different altcoins, which leaves plenty of room for future progress.

The publish 3 Major Milestones to Commemorate Litecoin’s 7th Anniversary appeared first on NullTX.

About Tom Greenly

Check Also

South Africa Most Cryptocurrency Friendly Country in Africa: Report

Economic system & Regulation South Africa is essentially the most cryptocurrency-friendly nation in Africa, in …

Emma Integrates Crypto Exchanges into Money Management App

Finance Emma, a London-based startup agency specializing in cash administration providers, has launched cryptocurrency alternate …