Litecoin (LTC) Block Ballet cards and Litecoin POS Excitement is Happening in the CommunitySeptember 6, 2020
Over the recent weeks, a tweet about LTC stated Litecoin P2P trading volume surged by 350% in Latin America and 266% in Sub-Saharan Africa. Until L2s become easy to use, high network fees on $ETH and $BTC are driving small peer-to-peer transactions to cheaper blockchains.
David Burkett expressed in his August Progress Update that Nodes are able to sync and further verify the initial state similar to the Initial Block Download. Improved UTXO management logic. Get ready for the first MimbleWimble testnet on LTC, launching September 30th! Further stated that there will be more details soon.
David Burkett in his update stated that he was able to wrap up the initial state download. This he stated in particular with reference to the MWSTATE messages. However, he stated that there are still ways for malicious peers will be able to make use of these messages to the DOS nodes. He stated that he will be focusing on it after the testnet is released. He clarified that everything is on track for the testnet release.
In the later part of the month, he stated that he will share further details about how the testnet will look like.
Sydney Ifergan, the crypto expert tweeted: “Litecoin (LTC) Community excited about the Litecoin POS Network. The intended goal of mass adoption to become reality very soon.”
Notably,for the Proof-of-Stake system, validators who are staking LTCP should stake matured coins. Further, unspent outputs (UTXOs) should have a depth in the main chain of at least the 500 blocks.
Litecoin (LTC) Block Card Excitement
Those who have received their Block Card are excited Unboxing, learning how to use, tracking, sending, and receive from APPs and Sending to Apps.
Pornhub, one of the popular adult entertainment used to be accepting XVG for payments since 2018. They were using USDT to pay their entertainers. Previously, they stated that they would accept both TRX and ZEN. Going forward recently in a tweet on Wednesday, they have stated that they will accept Bitcoin (BTC) and Litecoin (LTC) in payment for their premium offering.
The Tweet read thus: “To further expand our cryptocurrency options for Pornhub Premium, we’re excited to announce that we now accept Bitcoin & Litecoin as payment methods!”
Also, Revolut has included Bitcoin Cash and Litecoin Support for their US customers. Thus, now Revolut users will be able to buy, store, and sell four different digital assets like BTC, ETH, BCH and LTC.
For those who are new, recently Revolut launched a new exchange in the United States and they are now supporting 4 different digital coins.