On 13th December, Coingate, a popular cryptocurrency exchange for trading Bitcoin [BTC] and altcoins announced on Twitter that the Lightning Network of Litecoin is finally ready for deployment. Furthermore, CoinGate has offered itself as a platform for the activation to take place. In the original tweet by the exchange, the company wrote:
“@litecoin community, we bear some exciting news! Our #Litecoin #LightningNetwork is ready to be deployed and will soon be live on CoinGate! Keep up with the news as we’re getting closer! Here’s a little sneak peek @LTCFoundation @SatoshiLite @starkness!” On this, Charlie Lee, the Father of Litecoin and a veteran computer scientist cheered: “Even Litecoin will soon have more than 1000 merchants accepting LN payments! 🚀 Thanks @CoinGatecom!” From time to time, Charlie Lee has projected that the project that fills him with enthusiasm in the cryptocurrency space is the Lightning Network. For instance, in a recent interview with CNBC, the techie revealed that he is the “most excited about” the LN. According to him, the Lightning Network is a second-layer solution for payments going through Bitcoin and Litecoin. He also believes that the network is getting stronger over the years wherein SegWit was also activated last year. Another distinct view held by the Litecoin creator is that the concept and mechanism of LN is in sync with the vision projected by Satoshi Nakamoto in Bitcoin’s whitepaper titled “A Peer-to-Peer Electronic Cash System”. In another interview, Lee had said that the payments on the Lightning Network are peer-to-peer and can work even when the parties or peers participating are not connected to the Internet. A Twitter handle named Bitcoin Opinions – Litecoin’s Cousin on the announcement wrote: “Don’t say “We bear news”!! 😡 That’s the evil B-word!!! Why not just “have news”, all right?” Supernova, a cryptocurrency enthusiast and a blockchain space follower commented: “That’s the kind of answer what precisely causes the current price effect of good news” Litecoin [LTC] gets a boost in adoption as HTC’s Exodus 1 phone adds cryptocurrency support12/6/2018 Charlie Lee, the creator of Litecoin, announced earlier that he would be speaking at the at Slush 2018 event in Helsinki on December 6, 2018, and talk about the HTC Exodus 1 phone that has integrated cryptocurrencies like Litecoin [LTC] and Bitcoin [BTC]. Lee always envisioned cryptocurrencies to become the go-to currencies and aimed his creation [Litecoin] to have cheaper fees and faster transactions. In the event, Lee spoke with HTC’s Decentralized Chief Officer Phill Chen and announced that HTC Exodus 1 will be supporting Litecoin and other cryptocurrencies. Charlie Lee, the creator of Litecoin, announced earlier that he would be speaking at the at Slush 2018 event in Helsinki on December 6, 2018, and talk about the HTC Exodus 1 phone that has integrated cryptocurrencies like Litecoin [LTC] and Bitcoin [BTC]. Lee always envisioned cryptocurrencies to become the go-to currencies and aimed his creation [Litecoin] to have cheaper fees and faster transactions. In the event, Lee spoke with HTC’s Decentralized Chief Officer Phill Chen and announced that HTC Exodus 1 will be supporting Litecoin and other cryptocurrencies. The early access to the Exodus 1 phone will have an option to buy it with Litecoin [LTC], Bitcoin [BTC] or Ethereum [ETH] on the website. In addition to the above, the phone has a new storage method that utilizes social key recovery mechanism if the device is lost or stolen. Zion is an integrated wallet that comes with the phone to store Bitcoin, Litecoin, Ethereum and various ERC-20, and ERC-721 tokens. Lee is also joining the HTC Exodus team as a consultant, and during the event he stated: “I’m happy that the much awaited HTC ‘EXODUS 1’ can now be purchased with Litecoin. Ever since cryptocurrency was created, my vision for Litecoin was always to increase the distribution of the currency and use it a foundation for secure transactions worldwide, with the Exodus 1, project HTC is expanding crypto technology to the mobile phone and doing so in a way that protects user’s information and wallets.” Phill Chen said that the users of the phone have total control over their private keys and added: “Only when users have full ownership of their own keys, can we enact true decentralization, a vital first step toward protecting users. We see this as a stepping stone to how people will carry their own digital-assets and digital identities in their pockets, in the very way we carry phones today.” |
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