What is Cooking with Litecoin?
The crypto market has already warmed up in 2020, and we have seen multiple cryptocurrencies gain popularity and exponential value. As the industry evolved into different sectors, we now encounter a large variety of cryptocurrencies and tokens to pick and choose from. Do you remember the good old days when we could only purchase BTC, LTC, and ETH on Coinbase? Those days are long gone and volumes have been spread out. There are a lot of great technological advancements and specialization in the industry. The trend of the moment is certainly DEFI (Decentralized Finance). On the other hand, it is important to highlight the networks that have already been established for a while and that continue to have a lot going for them. This year Litecoin is one of them and “maybe” prices haven’t factored in just yet. In this article, I want to highlight what is NEW about Litecoin and most importantly… what is coming NEXT.
Despite the Pandemic, the Litecoin Foundation has been working behind the scenes to establish new partnerships and to solidify existing ones. These are:
1. Ternio: “The Litecoin Foundation has announced, with global fintech company Ternio, the rolling out its latest white-label card with the Litecoin Foundation. The Litecoin Card is a crypto debit card , allowing users to load it with Litecoin and spend it at one of over 50 million merchants worldwide.” Find out more information and register for yours.
2. Centercoin: the best of both worlds, Litecoin + Defi. According to the Litecoin foundation, “Centercoin (CENT) and the Litecoin Foundation have announced the implementation of Litecoin (LTC) into the Centercoin payment ecosystem. CenterCoin’s implementation as a Defi decentralized payment system allows for a real-life payment-based token economy, where holders and projects can coexist and continuously grow together. With CenterCoin’s recently announcing that it will be integrating CENT Wallet as a payment service in Hikick’s eco-friendly Scooter Platform, it’s perfect timing for Litecoin to be involved. Also, CENT rewards the user by providing Centercoin rewards for scooters and other transaction activities.” Use case implementation in the making. To learn more information about this project access
3. Atari: According to the Litecoin Foundation: “Atari And Litecoin Foundation, adding Litecoin as means of payment for upcoming Atari Token, Atari VCS game system, and other future products” Great to see Litecoin behave as it is supposed to, as magical digital money! To learn more details on how to save on your ATARI console and about this exciting partnership click
4. There are 4 financial partners which enable a Litecoin Hodlers to earn interest returns on their Litecoin Holdings. They are BlockFi, Celsius Network, Nexo, and the most recently added CRED. You can find more information about each partner and their programs on the Litecoin Foundation web page.
In addition to partnerships, Litecoin development is quite exciting too. According to Litecoin Foundation: “David Burkett, the lead developer on the proposal to integrate Mimblewimble (MW) onto the Litecoin network has just released a new update regarding the team’s development progress in a blog post on Litecointalk.io.
Overall it is nice to see the community come together to raise funds for this development which in the long run could bring more privacy to Litecoin transactions. If implemented successfully this side chain could also be implemented in the Bitcoin Network, like the Lightning Network. You can also help support the development and implementation of Mimblewimble by donating the Litecoin Foundation .
More important than all the strong partnerships and the current development of the Litecoin network is its time in existence. Litecoin has been around close to 10 years and is one of the most established, secure, and distributed decentralized blockchains networks. There is no way to deny that and in my eyes it Litecoin continues to be a GEM.
Here is a quick video with few fundamental facts about Litecoin for those who are just discovering about it:
PS: This article is for entertainment only, not investment advice. Just my humble opinion based on information I received from the Litecoin Magazine Newsletter and the Litecoin Foundation web site. You can find more information regarding each topic by following the links directly to the Litecoin Foundation web page. Please do your research before doing investing in cryptocurrencies.
Originally published at https://www.mammycrypto.com on October 2, 2020.