Grayscale have reportedly stated that they are seeing an “unprecedented” demand for Litecoin Trust and two other products, with inflows increasing by more than 1400% quarter-over-quarter.

LiteWallet have stated that Litewallet is becoming more popular and that they need to grow to keep up.  Further, for those who have some time to spare they have recommended considering applying to join the team.  The benefits have been listed to be learning to improve a valuable résumé skill with a small time commitment with further membership to Litecoin Foundation.

David Schwartz in his recent Medium article liked to recollect how, Charles Hoskinson, the CEO of IOHK and the creator of Cardano (ADA) approached Charlie Lee early during July with the proposal of performing a ‘Velvet Fork’ within the Litecoin code to permit for cross-chain communications, to improve scalability and the overall ability for smart contracts.

David further explained that since he had the opportunity of researching and providing input concerning the feasibility, pros, and cons of this endeavor he stated that he has had a number of informative exchanges with Charles’ team.

Reportedly, they have discussed more than Velvet Fork and also about how it affects the base code and about what it would mean potentially for continual growth and utility of the Litecoin.  Thus, LTC will not just be a store of value, but also as a means of exchange and method of settlement in smart contracts.

Extensive information about NiPoPoWs has been explored and how it is utilized in cross-chain communications.

In summary, David Schwartz stated, Earnest and open discussions in terms of all aspects of technology is important for the advanced growth of LTC.

Sydney Ifergan, the crypto expert tweeted:  “Litecoin (LTC) are now beginning to deal with several persistent issues that need to be addressed furthering their impression in the blockchain space.”

One of the community members commented, “I think Litecoin needs to stand on its own and not piggy back with Cardano. Litecoin’s a currency and works great as one. I don’t think it needs these features when so many other chains do them.”

Litecoin (LTC) and Mainstream Adoption

Most of the Litecoin Foundation only decisions are about working on ensuring interoperability with the different blockchains in the ecosystem.  The Litecoin Community are known to make sponsorship happen.  In many ways, they facilitate better opportunities for those in the global community.

Litecoin (LTC) with due collaborations are on the road to mainstream adoption.  Several blockchains should be able to move forward in a safe and calculated manner to suit the purposes for which their individual chains have been built to meet their end goal.