BitcoinOS Sees 'Renaissance' for Litecoin With Its First Ever ZK Rollup - adtechsolutions

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BitcoinOS Sees ‘Renaissance’ for Litecoin With Its First Ever ZK Rollup


Briefly

  • Litecoin now benefits from ZK Bitcoinos, offering faster and cheaper transactions.
  • Integration connects Litecoin to Bitcoin and Cardano, expanding the functionality of the cross chain.
  • Bitcoinos has faced some criticism of demonstration earlier this month, although he claims that implementation is still at an early stage.

For years, Litecoin’s narrative seemed to be a digital silver to Bitcoin gold on the fall, at its price down some 76% from its high high set more than four years ago.

But that doesn’t mean Litecoin has been forgotten. On the occasion of the Litecoin Summit, Bitcoinos revealed that the pioneer is a ZK Rollup for Litecoin.

“Litecoin is one of the biggest chains with a huge audience,” said Edan Yago, co -founder and Core associate Bitcoinos, said Decipher. “I think we’ll see the Renaissance.”

Their latest work with Litecoin, via Litvmm, a layer protocol 2 compatible with Ethereum Virtual MachineThey would allow original transfers and stable strips.

“Litecoin proved to be a property for almost 14 years without any downtime. It is only okay that through ZK Tech, his forces will now be available to other chains,” said Charlie Lee, a chain creator, in a statement shared with him Decipher.

Litecoin will benefit the first time from a reel (ZK Rollup). Technology works by grouping many transactions together into one series, saving space and speeding up transactions.

Launched using the Bitcoinos Bitnark ZK VerifierNew Rolling for Litecoin wants to unlock a new era for Litecoin by allowing undelivered bridging and cross transactions with Bitcoin and another blockchains like Cardano.

“Integers Litecoin deep with Bitcoin and Cardano” and “reduces fragmentation” in the process, Yago explained.

For end users, integration could help them make the best of the best features of all three blockchains, Yago claimed.

“Using the best of all worlds: Bitcoin safety, Litecoin speed, smart contracts and definement of the rest of the cryptocurrencies,” he said, claiming that integration would result in a “united ecosystem in which they have fewer assumptions for trust, where there are no bridges and that there are no bridges, and [where] They can put their BTC on work. “

Asked about long -term integration potential, Yago said Decipher Although there was “the whole world of a smart contract, with a new chain that appears every day,” this spread created “fragmentation and exhaustion with users.”

With his latest work, Yago believes Litecoin could turn “into a key center” for a wider ecosystem.

Proof of the concept

Earlier this month, Bitcoinos showed evidence of a concept where Sent Cardano on Bitcoin and Back without using a cross -chain bridge.

But that demo came for criticism from some fourths, with Robert Roose, founder of Blockchain Interoperability Developer Mynth, blame Bitcoinos of presenting a “seemingly impossible” claim and avoiding answering technical questions.

In a long lasting further postBitcoinos noted that Demo was, “not a complete production system,” and that “the parts of the system were not quite ready and were thrown out.”

Decipher He addressed Bitcoinos and Roose for comment, and this article will update if the answers.

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