Litecoin Worth Prediction February 2021
Litecoin is a peer-to-peer cryptocurrency and open supply software program venture launched in 2011 Charlie Lee. The coin was closely impressed by, and its technical particulars are practically equivalent to these of Bitcoin. Notable variations embody a diminished block technology time, bigger most provide, and a brand new hashing algorithm. Like Bitcoin, the creation and switch of cash is predicated on an open supply cryptographic protocol and isn’t managed by any central authority.
On Friday we introduced that Litecoin (LTC) will likely be built-in as an F-Asset on the Flare Community at launch. This publish is meant each as a information for anybody new to Flare and as particular info for Litecoin holders.
For these new to Flare, to know what “combine” means, an F-Asset is a 1:1 illustration on Flare of any token from one other chain. Flare’s F-Asset protocol could be regarded as a pure trustless and non custodial bridge from one chain to Flare and again once more. F-Property are created and redeemed with out counting on a 3rd get together.
Briefly the F-Asset protocol is designed to permit any asset from any chain for use with full Ethereum type sensible contracts on Flare with out counting on a centralized third get together.
Flare has already introduced the combination of XRP for community launch, with the addition of LTC Flare can carry sensible contract utility to each networks at launch.