Johannesburg – April 28th, 2020:
In an more and more aggressive change market in South Africa, Luno formally introduced as we speak that they’d be including Litecoin to their platform.
Luno will supply the coin, developed by Charlie Lee, on each their Alternate and Immediate Purchase/Promote platforms. The change mentioned they’re working laborious to verify every little thing is prepared for customers to have the ability to commerce, purchase, and promote Litecoin safely and simply. This consists of ensuring their multi-signature sizzling pockets and storage are prepared, in addition to conducting customary safety checks and coordinating a number of layers of encryption.
Litecoin was one of many first cryptocurrencies to launch after Bitcoin again in October 2011. Many know the founder Lee as Chikun from Magical Crypto Buddies (the crypto information present), however he’s additionally an MIT grad, a former Google worker, in addition to being a former developer at Coinbase.
Lee has referred to Litecoin because the ‘silver’ to Bitcoin’s ‘gold’. Like Bitcoin, the coin can be a peer-to-peer cryptocurrency primarily based on blockchain expertise, with ambitions to develop into a world digital cost system.
Litecoin is the Silver to Bitcoin’s Gold. It should be true because it’s written in Bitcoin’s blockchain! https://t.co/LJb5kG3cs9
— Charlie Lee [LTC⚡] (@SatoshiLite) July 28, 2015
As per Luno’s announcement as we speak, Litecoin forked from the Bitcoin Core consumer and makes use of a lot of the identical code as Bitcoin. The principle distinction is that it processes blocks each 2.5 minutes as a substitute of Bitcoin’s 10 minutes. It does this through the use of a distinct mining algorithm to validate transactions. This implies a sooner transaction affirmation time and, in flip, decrease transaction charges. The provision restrict can be completely different from Bitcoin; Litecoin has an 84 million coin provide restrict whereas Bitcoin has a 21 million coin restrict.
The addition comes after Luno just lately added XRP, and as soon as Litecoin is launched, the change “promised so as to add extra”.
Only for enjoyable, I’m going to name what comes subsequent so as:
- EOS
- XLM
- ADA
Agree? If not, go away a remark together with your predictions.
Whereas we wait to search out out what comes subsequent, confirmed with the African Govt Crew at Luno about when LTC goes stay:
“We are able to affirm that LTC will go stay to all clients on the 11th of Could. Clients will have the ability to create their LTC wallets, ship/obtain, and use instantaneous purchase/promote. The change will likely be in post-only mode on Monday 11th, and will likely be in full put up mode on Tuesday 12th Could.”
![](https://sacrypto.co.za/wp-content/uploads/2019/07/Altcointrader_Header_Jul2019_01.gif")
