Litecoin… What are the updates? Yes, in our LATOKEN reviews, we are not only sharing the important information about potentially promising tokens, crypto projects, and protocols, we also share crypto news. This is because LATOKEN cares about its users and crypto enthusiasts worldwide and wants to keep everyone informed. By the way, it’s one of the ways to stay safe and not become a victim of a crypto scam!
So, in this LATOKEN review, we want to share some great news about Litecoin!
LATOKEN review on recent Litecoin updates
The Litecoin Foundation, a non-profit organization that develops and maintains the Litecoin cryptocurrency, announced the launch of a decentralized platform that allows the issuance of new tokens and NFTs.
According to the Litecoin (LTC) devs, the open-source OmniLite protocol will simplify the creation of new cryptocurrencies and stablecoins. They also added that the platform differs from the existing protocols by lower transaction fees.
We want to remind you that non-fungible tokens (NFT) are unique and not divisible. Such tokens are used to confirm ownership of an object; they cannot be replaced without the owner’s consent.
Want to learn more about NFTs? Then these LATOKEN reviews will help you out!
- NFT Market: LATOKEN Review. What’s Going on with NFTs in September 2021?
- What Is an NFT Token, and How Some Make Millions on It
Litecoin review. What is Litecoin (LTC)?
Litecoin (LTC) is a global decentralized p-2-p payment network built on the Bitcoin blockchain. It was developed in 2011.
This coin is based not only on the Bitcoin software but it also has similar principles (anonymity, security, and high transaction speed). It is the second Bitcoin fork after Namecoin with a few minor differences. The peculiarity of this fork is the open source code, which allows anyone to modify or copy the software.
Even with all the external and technological similarities, it is impossible to call Litecoin a clone of the world’s leading cryptocurrency. It has an entirely different algorithm of work, which allows the system to actively interact with memory, which makes mining this coin much easier. If Bitcoin is considered “digital gold,” then Litecoin is called “digital silver.”
Litecoin is considered by many to be an undervalued coin. All news from the world of cryptocurrencies is more focused on Bitcoin, Ether, and so on. Litecoin, on the other hand, appears in news reports less often, and, probably, for this reason, it receives less attention than this coin actually deserves.
However, the news that the open-source protocol OmniLite will allow the creation of cryptocurrencies, stablecoins, and non-fungible tokens on the altcoin blockchain may change the situation for the better.
If you want to start trading LTC, you can always do it on the LATOKEN exchange!START TRADING LTC
Do you want to learn more about tokens, crypto projects and protocols? You can do it through our LATOKEN Review! LATOKEN also shares information about recent crypto news, and gives tips on avoiding becoming a victim of a cryptocurrency scam. Just follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.
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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.