It is pertinent for all cryptocurrencies to keep growing and evolving at all times. For Bitcoin and Litecoin, the Lightning Network is considered to be the “holy grail” of scaling and instant payments right now. While it remains to be seen if that will effectively be the case, it appears things are progressing smoothly. Litecoin still has a lot of catching up to do, but that is entirely to be expected.
Litecoin’s Lightning Network Continues to Expand
One particular aspect about the Lightning Network is how it is a technological implementation which doesn’t just work for Bitcoin. Any cryptocurrency which has activated Segregated Witness in the past – or plans to do so in the future – will be capable of enabling LN support at some point. Litecoin was the first major currency to enable SegWit even ahead of Bitcoin, thus it is only normal its community is exploring the Lightning Network as well.
So far, it seems the interest in this new technology as has been somewhat lackluster. While there are numerous payment…