Litecoin to Soon Have Smart Contracts via Flare Network Integration
Quick take:
Flare Networks might be integrating Litecoin prior to their Q2 releaseLitecoin customers might be in a position to use Ethereum taste sensible contracts Litecoin holders qualify for a 5 Billion Spark Token (FLR) airdropMain Points of the airdrop will likely be provided later with the tokens being sourced from the Flare Team’s allocation
The Litecoin (LTC) community will quickly have good contracts thanks to a deliberate integration with the Flare Community in Q2 of this year. The latter platform is the similar one with plans of integrating the XRP ledger in an analogous approach while the Flare Network is introduced within the 2d quarter of 2021.
The Flare Networks workforce made the statement of integrating Litecoin by way of the following statement.
Flare will probably be integrating Litecoin ahead of the Flare network release in Q2. this may allow LTC to be used trustlessly on Flare with Ethereum style good contracts and offers LTC interoperability and composability.
The crew at the Litecoin Foundation was very the possible of smart contracts on the LTC network and had this to say.
This is superb news. Very excited to peer the capability of smart contracts and interoperability coming for Litecoin through Flare!
Flare Networks Crew to Distribute 5B Spark Tokens to Litecoin Holders
Furthermore, Litecoin holders could have a chance at receiving FIVE Billion Spark Tokens (FLR) within the form of an airdrop. The group at Flare Networks explained that the additional tokens will pop out in their non-public baggage and never from the allocation intended for XRP holders. Details of the distribution will likely be announced within the days to follow.
Litecoin is lower than $20 Away From $200
In phrases of worth, Litecoin is currently $18 shy of the an important $200 stage. on the time of writing, Litecoin is trading at $182 as a results of a parabolic transfer from mid-December mimicking that of Bitcoin.
December twelfth found Litecoin buying and selling at round $SEVENTY TWO with Bitcoin at $18k. Bitcoin has seeing that long past on to set an all-time top of $41.973 – Binance charge – with Litecoin posting a neighborhood high of $185. If the present crypto market momentum is maintained, Litecoin could really well declare the $TWO HUNDRED value house as improve and probably try to break its 2017 all-time top of $375.
As with all analyses of altcoins reminiscent of Litecoin, buyers and buyers are advised to make use of ok stop losses and coffee leverage while trading LTC at the more than a few derivatives structures.