Litecoin [LTC], the fifth largest cryptocurrency, has been marching ahead with several new announcements and developments. Litecoin’s recent surge has a lot to do with its consideration of Confidential Transactions and MimbleWimble implementation, as well as the upcoming Litecoin halving. However, many have often cited several issues with the coin, with some even suggesting some ‘improvements’.
A Reddit user, Arise Chickun, made waves online after he suggested some improvements to the cryptocurrency. The Redditor also spoke about the disparity of Bitcoin maximalists towards Monero [XMR], a popular fungible coin in the market.
The Redditor said,
“I’ve noticed with as much trash maximalists talk they seem to be neutral on Monero and don’t have anything negative to say about it. Basically its probably because of its development of the protocol – self-driven, and self-funded, pushing the boundaries of privacy tech and taking a lead building privacy technology.”
The Redditor was vocal while claiming that since Litecoin ‘aped’ every move made by the digital gold, Bitcoin, a notion held by most Bitcoin [BTC] maximalists.
This was followed by the social media user making a few suggestions on what could be done for the coin to stand out and be truly recognized for what it was. The Redditor suggested making Litecoin’s development process and ecosystem the center of attention in an attempt to differentiate it from Bitcoin.
The Redditor also suggested that Litecoin undertake a crowd funding goal meter, similar to Monero, something which can be affixed to the homepage of the Litecoin Foundation. The user then implored Litecoin to accomplish its R&D goals, as and when enough funds were gathered to carry out the development procedure.
The user also recommended that users be empowered to donate part of their transaction to the Litecoin Foundation to make the coin more user-centric. The Redditor also asked developers of Litecoin, including creator Charlie Lee to focus more on technologies not being worked on by other coins, especially Bitcoin. This would go a long way towards Litecoin moving away from BTC’s shadow, he claimed.
Subscribe to AMBCrypto’s Newsletter
Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
Crypto News – 26 June – Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
— AMBCrypto (@CryptoAmb) June 26, 2019
Crypto News – 26 June
Bitcoin breaches new resistances: In a sensational run that saw the coin surge by 15% over 24 hours, the world’s largest cryptocurrency breached the $12,000 mark, while also briefly touching the $13,000 mark, before falling again
Read more at https://bit.ly/2ZMkS10
Tone Vays on Bitcoin’s biggest strength: Tone Vays opined that Bitcoin’s biggest strength was the fact that it was completely “unconfiscatable” and that one’s BTC is completely safe if it is protected and secured with attention
Read more at https://bit.ly/2RD2BjL
Tron Foundation launches new inititative: Justin Sun’s Tron Foundation announced a $20 million TRX buy-back plan to promote community activity and market stability
Read more at https://bit.ly/2X8aA9W
Joe Kernen on Bitcoin, Libra: The once crypto-skeptic, CNBC Squawk Box’s Joe Kernen is of the opinion that Libra is for corporations, while Bitcoin is for the people
Read more at https://bit.ly/31MkqSa
Bloomberg on JPM Coin: According to a report by Bloomberg, the Jaime Dimon-led institution plans to launch the JPM coin and use it for bond transactions
Read more at https://bit.ly/2X75DTr
Fundstrat report on stablecoins: According to a recent report by New York-based Fundstrat Global Advisors, the FS CryptoFX Stablecoin index fell by a whopping 21 percent against BTC, with Gemini outperforming Tether [USDT]
Read more at https://bit.ly/2X5qPJw
BitGo’s latest collaboration: Bitcoin IRA has announced that it will be teaming up with BitGo to launch crypto-retirement accounts insured for $100 million
Read more at https://bit.ly/31UvjBz
Subscribe to AMBCrypto’s Newsletter