- Litecoin has recorded a record 576,000 transactions amid surging BTC fees.
- The rapidly increasing number of titles indicates an increase in interest.
- The experimental standard brings LTC-20 NFTs to the LTC network.
OG alternative currency Litecoin (LTC) is back in the limelight as cryptocurrency traders flock to altcoins in the wake of Bitcoin’s fee hike. Moreover, it hit the second largest digital asset, Ethereum (ETH). standard gas chargeswhich significantly cools trading activity on the largest PoS (Proof of Stake) network.
In addition to, Litecoin community Recently proposed the LTC-20 protocol by simulating the BRC-20. This created 850 LRC-20 tokens, which have yet to be minted. A newly introduced beta standard may provide more benefit to one of the oldest blockchains. Ultimately, this will enable the Litecoin network to store NFTs similar to Bitcoin arrangement But with a much lower gas fee.
What do you expect from the LTC-20 protocol
The Litecoin Ordinals protocol standard is inspired by Bitcoin BRC-20, which launched a trend earlier this year. like never before NFT Bitcoin vouchers have become an alternative way for NFT enthusiasts to mint non-fungible tokens.
Now, a “very dynamic experiment,” as the proposal author described it, is in full swing, as the inaugural Litecoin Punks NFT pool will test the fungibility of the OG blockchain.
Game-changing developments have put Litecoin back on the pedestal on Twitter, as LTC is one of the most talked about cryptocurrencies today. With over 21 million social interactions, LTC, which was originally modified from Bitcoin code, broke another record.
on the flip side
- Technical and social developments have not reflected the market capitalization of Litecoin.
- At the time of writing, the top 15 LTC trades are at $79.77 with a weekly decline of 10.2%.
Why should you bother
Litecoin is one of the oldest cryptocurrencies, dating back to 2011.
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