is that LTC can now function as a cross-blockchain asset, allowing it to be connected to other crypto assets. Although this altcoin is often overlooked amid all the pump-and-dump schemes, it is still a very solid currency. The bullish momentum affecting all cryptocurrencies cannot last forever, but there is no reason to think we will see any major changes before the year is over. Some weeks ago, Charlie Lee has announced on twitter that he performed a cross-chain atomic swap between Litecoin and Bitcoin. A lot of people had expected the Litecoin price to dwindle after the China debacle, but that never happened. Litecoin offers transactions with fees that go between.05 and.2 dollars. Now, and since some months, other currencies have been growing in market capitalization and price. Then again, one should always remain a bit cautious. Litecoin does not have a block size problem.
You can now pay LTC and exchange them instantly through a LN exchange node and send BTC to the merchant. Or what if a merchant accepts only BTC but you only have LTC. The buzzword in the last couple of days has been that Litecoin (LTC) is now compatible with Blocknet. While many of the would-be competitors flounder, Litecoin has been relatively steady and the media have played their role in portraying it as a better alternative. There have been attempts to point out that Litecoin would have done very well were it not for the competition that has emerged with a proliferation of altcoins. And because the network can now operate in a cross-blockchain environment, these processes will hasten LTC integration with many more payment providers. Litecoin was created by Charlie Lee, an MIT graduate and former Google engineer, in 2011.