New speculation around a potential Cardano and Litecoin partnership emerged in the crypto news today, showing that the two digital asset projects could be collaborating in the near future.
The founder of Cardano, Chales Hoskinson, has apparently reached out to the CEO of Litecoin, Charlie Lee, to talk about the possibility of working together. Even though it is too early to determine the precise nature of this collaboration, Hoskinson said that cross-chain communication between the two is exactly what he has in mind.
@SatoshiLite it would be great to do something together. I love the idea of testing cross chain communication between Litecoin and Cardano. We got a lot of ideas and I'm sure you guys do too
— Charles Hoskinson (@IOHK_Charles) July 7, 2020
In response to this, Charlie Lee was in the Litecoin news for saying that his Project Director will be in touch to take things forward from this point. From what we can see, he likes the idea about a Cardano and Litecoin partnership.
— Charlie Lee [LTC⚡] (@SatoshiLite) July 8, 2020
Even though there are still no details at this moment about any progress, an alliance between these two would certainly take the entire crypto community on a different level, setting it on fire over expectations of the final product.
Launched in 2011, Litecoin is one of the first established projects in the crypto space. It has also been dubbed the “Bitcoin lite” or a quicker and cheaper method of transaction when compared to the system owned by the leading digital currency.
However, scarcity has grown around LTC lately and the recent price performance along with the slowness are trickling down the rankings of the coin. Last month, Lee was in the news giving an interview to discuss Litecoin developments, among which Fungibility and MimbleWimble are the biggest ones.
“…we’re working on adding MimbleWimble to Litecoin with extension blocks. This is something we’ve been working on since late last year. It’s been going well, we’ve been targetting end of this summer for a testnet launch.”
Litecoin Core 0.18.1 final release is out! Who says Litecoin has no development? 😀
Many thanks to all the developers that worked on this release! 👏
We are already hard at work on the next release, Litecoin Core 0.20, which will bring us in line with the latest Bitcoin Core. https://t.co/JaMq9RcwtR
— Charlie Lee [LTC⚡] (@SatoshiLite) June 11, 2020
A potential Cardano and Litecoin partnership would bring a lot of new things on the market and grab the headlines of many. While Litecoin is still preparing new developments, Cardano is on fire lately, growing by 85% in less than 10 days all because of the Shelley upgrade and the popularity of DeFi.
The latest updates even show that ADA flipped BSV on the markets, becoming the sixth largest cryptocurrency by market cap.
Cardano just flipped BSV
— ₳DAFrog – FROG – Cardano stake pool – ADA ステークプール (@ADAFrog_Pool) July 8, 2020
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