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The Litecoin Foundation calls itself a Singapore based non-profit that is building and supporting the Litecoin ecosystem. They have announced the launch of ‘OmniLite.
OmniLite is a decentralized token creation platform that is being acclaimed as the ‘Ethereum Killer’, which introduces Smart Contracts, DAOs, Tokenized assets and NFT functionality onto the Litecoin Network.
Litecoin Foundation expressed: “The Foundation is proud to announce the release of OmniLite! A decentralized platform to create tokens/assets via the Litecoin blockchain. This innovation is thanks in part to Litecoin Dev @Loshan1212. The next stage in the evolution of #Litecoin is here.”
At present, Currently, OmniLite supports a wallet mode (Litecoin Omni) and is available on three platforms: Windows, Linux and MacOS.
Community response: Is this like your own version of RemixEth? Can we just drop Solidity code into it, compile, and deploy? Can we access via terminal? Can we link to MetaMask? So many questions.
Wow. Speechless. This was kept very quiet. Had no idea LTC team was working on this! Could be big for LTC. Congratulations on this great success.
ELI5? What types of tokens could be useful on LTC chain? Omnilite, MWEB, Paypal, Venmo, Google finance, fast, low fees and whales still did not pump Litecoin.
Let’s go fellas it’s time for the Litecoin tweets. We have been patient for years. Jesus, this is huge. Not a pump comment. This is actually freaking huge. Thank you, everyone involved in this, true pioneers.
I wonder if LTC will face a fee problem eventually? What is there to combat it?
Each token will run into barriers to overcome. If you add enough traffic to any of these chains they will get clogged and fees will explode. It’s a scalability issue that will be worked out over time.
Great news! And of course, I would love to try it out. I was taken aback to see I had to download the full node (25GB needed) I will gladly revisit this when there is a light solution or web application for it. I am disappointed I couldn’t do so today.
LTC has smart contracts now fully working? Check OmniLite on GitHub. Yes the software is working although it is experimental.
When metal card with a higher limit? Thank you everyone at “The Łitecoin Foundation” for The Hard Work and Dedication! Amazing!
Finally LTC holders developing some hope to go to the moon. Hopefully LTC adoption will grow while LTC Protocol is moving forward.
When LTC chicken NFT? Very Soon. Aah okay, Litecoin being undervalued again. So I’ve just casually dragged my mouse and pulled over the Buy LTC button. +1 in my pocket.
