unstoppable.nft has partnered with LiteWallet and the LTC Foundation to shorten the existing wallet addresses. Through this partnership, unstoppable.nft will extend support to ten different Unstoppable Domain endings that will assist users to easily send and receive funds in their wallets.
The update will go live on Ethereum and Polygon. Gratefully, long wallet addresses that are hard to remember will become a thing of the past. Litecoin is a peer-to-peer cryptocurrency utilized by users seeking faster transactions at a low cost. The decentralized crypto was launched in 2011 as a secure and innovative digital currency.
It is now trading at $68.43 with a market cap of $4.82 billion and a volume of $638.02 million. Litecoin can be stored securely in a wallet, and it can also be spent or invested in the supported platforms. Known as the most stable and established cryptocurrency, Litecoin offers high liquidity as a digital currency traded the most among its users in the community.
Litecoin is managed by the Litecoin Foundation, the non-profit organization led by Charlie Lee, Xinxi Wang, & Zing Yang as Directors and Alan Austin as the Managing Director. The Foundation is registered in Singapore, with volunteers contributing to it from across the globe.
The mission of the Litecoin Foundation is to advance the utility of cryptocurrency for the betterment of society, and it is done by developing and promoting blockchain technology. Volunteers, contributors, and the core team behind the Litecoin Foundation work to support the development of various projects like Litecoin Core, MWEB, Litecoin Card, Lightning Network, Litewallet, and Omnilite.
Litecoin Core facilitates faster payments among its users worldwide through peer-to-peer technology. The network is managed and maintained by the decentralized network without the involvement of a third party.
MWEB stands for Mimblewimble Extension Block, and it is the largest upgrade on the network till now. David Burkett leads the project with a promise to provide fungibility while improving the scalability of Litecoin. The upgrade will be a part of the Litecoin Core 0.21.2 release.
Litecoin Card allows users to fund their accounts with a supported cryptocurrency. It is powered by Unbanked to support immediate and frictionless spending. The card is issued virtually to the users after registering for an account and passing the KYC verification process.
Litecoin Card is ideal for the users of Litecoin who spend most of their funds on Litecoin. Lightning Network, a Layer 2 solution, was launched in 2018. The launch is three years after Thaddeus Dryja and Joseph Poon first proposed it. Smart Contracts on the project guide micropayment of the users for a very minimal fee.
LiteWallet is the official brand where users can store their digital holdings securely. It functions 24/7, helping users send or receive funds whenever they want. Omnilite is an open-source platform that enables the creation of decentralized tokens and smart contracts. Omnilite leverages the advantage of its network security, integrity, low fees, and scalability.