Litecoin [LTC] is now compatible with the Blocknet Protocol, which means, LTC can function in a cross-blockchain decentralized application [dApps] like those payment processors which would allow payments in LTC. This will be accepted as payment for any other currency or vice-versa.
The Blocknet Protocol is a network in which each system can pass information directly to another without the need for a central server. It has a protocol running between nodes on various blockchains in order to enable the transfer of data and value between blockchains. It also creates the door to cross-chain decentralized applications.
The Blocknet Protocol recently tweeted:
#litecoin now has simple integration with cross-blockchain dApps with #Blocknet! @litecoin brings new momentum to the future of cross-chain ecosystems”
As the bears are pushing down the bulls, from 6th May onwards the price of LTC has been steadily declining against the US dollar. On 6th May, LTC was trading around $175 and in a week, it has come down to $139.04 at 6:20 AM UTC, 13th May.
There is has been a slight growth of 3.03% in the last 24 hours and Litecoin is still trading in the 6th position in the market after surpassing Cardano with a total market capitalization of $7.8 billion.
A subsidiary of Japanese conglomerate GMO internet, MO Coin had announced this week that the cryptocurrency exchange has added four new cryptocurrencies to its loan service which would allow users to lend their cryptocurrencies to the firm. The firm is currently accepting Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Litecoin [LTC] and Ripple [XRP].
@notsofatdad, a crypto investor has tweeted:
“So, a good “trader” would probably drop a moderate portion so they can average down on the dip. Worst case, you’re still in the game and have some fiat safe. Best case you own more coin for the rally back. An “investor” would just ignore it and wait for their goal exit price.”
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