[ANN] Litecoin - a lite version of Bitcoin. Launched!

[codehtcmail]

Is there any future for this coin ? in the last bull run it underperformed barely making 1.2x of previous ATh when it "should" have reached 1k.
i think its potential has been canibalised by the ill fated Luna, Dogecoin and "its son" Shiba.
What are your thoughts ?

[r_victory]

The LIP for standardizing the light client sync process is ready for review!

- Started development of new P2P messages to better support light clients

1. Download and verify all headers for the longest chain.
2. Download and verify the HogEx transaction and MWEB header for the most recent block.
3. Download and verify the UTXO leafset bitmap.
4. Download the compact UTXOs and PMMR parent hashes.

Read more about the status of each step here

[r_victory]

We are honored to announce Ben Miklozek, co-founder of Lokotech will be a speaker at the upcoming #LitecoinSummit2022 in Las Vegas!!!

Register today at: https://litecoin.net/summit

[Drawesome]

I wonder if is there any update on LN uses for Litecoin. I haven't found much. Any community to open channels? Any custodial LN Litecoin wallet?
Thanks

[r_victory]

Lite-speed! Because of Litecoin’s high processing rates, double-spending threats are significantly reduced. As a result, merchants and dealers may complete transactions considerably faster than they could on the other networks.

The current median transaction fee is $0.001

Source: https://twitter.com/litecoin/status/1559254630999027712

[Drawesome]

Lite-speed! Because of Litecoin’s high processing rates, double-spending threats are significantly reduced. As a result, merchants and dealers may complete transactions considerably faster than they could on the other networks.

The current median transaction fee is $0.001

Source: https://twitter.com/litecoin/status/1559254630999027712

With those fees there is not much use on LN

[r_victory]

Litecoin Foundation proudly presents the 3rd annual Litecoin Summit at The LINQ Hotel + Experience in Las Vegas.

Bringing together the world’s top innovators, thought leaders, and decision-makers, as well as members of the Litecoin community for two days of amazing networking opportunities and exciting discussions around industry developments, technical innovations, public policy issues, and much more.

[r_victory]

While many seem focused on the 'non-fungible' we've been working on "fungibility". Learn more about #MWEB and the Battle for Sound Money.

https://www.litecoin.net/news/the-battle-for-sound-money

[WillyAp]

All rooting for LTC

Best coin there is, just unfortunately without marketing.
Lots of people, a trader community, which is tuned to profits. A tooling approach into the mayor Payment Gateways like Stripe, Klarna and a little better marketing and it should do the trick.

[r_victory]

Litecoin has lightning?

Yes, Litecoin does indeed have lightning. In fact, Litecoin was first before Bitcoin to prove that Lightning was not only theoretically possible, but literally possible as well.

https://www.lookintolitecoin.com/post/lightning-strikes-twice-litecoin-has-lightning-network-like-bitcoin

[psycodad]

Litecoin has lightning?

Yes, Litecoin does indeed have lightning. In fact, Litecoin was first before Bitcoin to prove that Lightning was not only theoretically possible, but literally possible as well.

https://www.lookintolitecoin.com/post/lightning-strikes-twice-litecoin-has-lightning-network-like-bitcoin

That's true, but literally nobody is using it, it seems basically dead.
I had a lightning node for about 1 year and more than 10 channels, after that year 2 channels were left and I never routed a single transaction.
For it to come to life, the onchain fees fiat equivalent would need to be much higher (simply put: LTC needs to cost hundreds of USD first). Right now there is no need/incentive for lightning in LTC compared to onchain txs.

[Lind]

Litecoin has lightning?

Yes, Litecoin does indeed have lightning. In fact, Litecoin was first before Bitcoin to prove that Lightning was not only theoretically possible, but literally possible as well.

https://www.lookintolitecoin.com/post/lightning-strikes-twice-litecoin-has-lightning-network-like-bitcoin

That's true, but literally nobody is using it, it seems basically dead.
I had a lightning node for about 1 year and more than 10 channels, after that year 2 channels were left and I never routed a single transaction.
For it to come to life, the onchain fees fiat equivalent would need to be much higher (simply put: LTC needs to cost hundreds of USD first). Right now there is no need/incentive for lightning in LTC compared to onchain txs.

Just like Litecoin Discord. Joke aside, when the Founder left and sold his coins that was it in my opinion. Trust was broken, hard to come from that and there is ETH which was pumped due to contracts/tokens/mining wars etc.. not to mention others likes of Solana. LTC is in a pinch.

[r_victory]

Litecoin is one of the most durable cryptocurrencies in the current era of decentralized finance. The coin has been in circulation for 11 years. Litecoin’s managing director recently spoke about the token’s utility as a trusted payment method.

Read more about it...

[exoncenter]

Litecoin has lightning?

Yes, Litecoin does indeed have lightning. In fact, Litecoin was first before Bitcoin to prove that Lightning was not only theoretically possible, but literally possible as well.

https://www.lookintolitecoin.com/post/lightning-strikes-twice-litecoin-has-lightning-network-like-bitcoin

It is true but there is no impact on growth in litecoin ecosystem(

[r_victory]

Litecoin has lightning?

Yes, Litecoin does indeed have lightning. In fact, Litecoin was first before Bitcoin to prove that Lightning was not only theoretically possible, but literally possible as well.

https://www.lookintolitecoin.com/post/lightning-strikes-twice-litecoin-has-lightning-network-like-bitcoin

It is true but there is no impact on growth in litecoin ecosystem(

I agree with your opinion, but I also believe that if it were more widespread and used, it might have some positive impact on the growth of the currency and the LTC ecosystem.

[d5000]

Joke aside, when the Founder left and sold his coins that was it in my opinion. Trust was broken[...]

I've quite the opposing view, even if I'm more a "Bitcoiner" than a "Litecoiner": when Charlie Lee sold his coins, I began to take LTC more seriously. Exactly because of the trust issue - in a cryptocurrency there should be never a single person you have to "trust".

Bitcoin has still the problem that nobody knows what will happen with Satoshi's coins. Many are worried about that - I'm not so much, because anyway if they're sold that will send down the price only for the short term, on the long term it should be strengthened. But anyway, LTC has already survived this stage - this can be seen as an advantage.

[r_victory]

The @gethedgecrypto will give $11 in LTC to anyone who signs up in October & converts at least $40 into crypto!

And.. will donate $11 to Litecoin Foundation! Learn more at https://gethedge.io/litecoin

https://twitter.com/gethedgecrypto/status/1576333251966226432

https://twitter.com/LTCFoundation/status/1576318536414289921

[samuraijin]

The @gethedgecrypto will give $11 in LTC to anyone who signs up in October & converts at least $40 into crypto!

And.. will donate $11 to Litecoin Foundation! Learn more at https://gethedge.io/litecoin

https://twitter.com/gethedgecrypto/status/1576333251966226432

https://twitter.com/LTCFoundation/status/1576318536414289921

have you tried it and got that $11, I just signed up there but haven't done anything yet, still not sure if the $11 will be ours or will be donated, sorry if this question bothers you, your little answer would mean a lot

[r_victory]

have you tried it and got that $11, I just signed up there but haven't done anything yet, still not sure if the $11 will be ours or will be donated, sorry if this question bothers you, your little answer would mean a lot

I haven't signed up yet and from what I understand you need to sign up and convert at least $40 into crypto through their service.

This tweet is more recent and says exactly this: https://twitter.com/gethedgecrypto/status/1576966515001204736

[r_victory]

Litecoin’s MWEB on Your Mobile Phone Is Nearly Just a Click Away

As mobile wallets begin to adopt MWEB, the number of Litecoins on MWEB is expected to increase drastically. As a natural progression, an important goal would be for businesses that’d benefit from MWEB’s features to consider its integration, achieving increased protection of their users (and their own) data while storing and transacting Litecoin. As MWEB infrastructure continues to be built out, the next step will be adoption and mass integration, which will come as more people make use of MWEB’s benefits.

https://www.litecoin.net/news/litecoins-mweb-on-your-mobile-phone-is-nearly-just-a-click-away