The LitVM team is a Layer-2 chain based on Litecoin’s Zkrollup, which argues that this cryptocurrency will lead to the growth of traditional or “legacy” coins after the Bitcoin domain by converting Litecoin with native interoperability with new development projects into a programmable ecosystem with natural interoperability.
The LITVM protocol aims to cultivate ecosystems focused on advanced payments, active real-world infrastructure, defi and “cultural representation.”Hard Money Web3«. This puts Litecoin in a position to capture value in the next market cycle. There, established alternatives (Ethereum, Ripple, Dogecoin) will restore the ground compared to modern alternatives, thanks to the durability of the network and the confidence that this fact will be revealed.
LITVM is a layer verification layer via Zkrollupps, allowing scalable and private transactions, as reported by encryption.
This layer of interoperability and capacity increase; It creates bridges for decentralized finances, and functions such as abstraction of chains. Performance generation (yield)For LTC holders.
The protocol under development highlights the demands of Litecoin by fostering chaining activities in the digital community by unlocking use cases for native assets such as ordinals, runes, and LTC-20.
Litecoin was released in 2011, two years after Bitcoin. Among the similarities (not adoption) of both coins at the technical level is the architecture as work test coins, with consensus algorithms being derived from each other.
Bitcoin uses SHA-256, while Litecoin uses Scrypt, a variant designed to resist specialized hardware in mining. (Although I already have a Scrypt Mining ASIC) Promotes a more fair distribution of nodes and mining rewards.
Both currencies maintain a fixed maximum supply – 21 million units for Bitcoin, 84 million units for Litecoin, the latter four times larger to reflect the scalability of daily trading. According to the Lollup Creative team, Litecoin has 2.5 minutes of block generation time compared to Bitcoin, reducing checking delays and is good for payments.
For many “lightcoiners,” the similarity to precious metals also reaches Litecoin, a currency considered “digital silver.” If Bitcoin is similar to gold in its long-term value reserve capacity thanks to its planned shortage, Litecoin will invoke silver For higher circulation and lower unit prices.
Networks that handle properties such as halving (parallels with Bitcoin’s) and 4x blocks per hour are properties that make Litecoin a lighter version of Bitcoin.
According to the idea that the institutional appeal that began in this cycle essentially assesses the stability and reliability of “legacy coins” for the novelty of emerging projects, Litecoin could absorb investment flows that increase price and value.
