Lunar Digital Sources has formally announced LitVM, a new Layer-2 community per zero-data proofs that can bring neat contract give a rob to to the Litecoin ecosystem.
The announcement modified into made on the Litecoin Summit occasion held in Las Vegas.
LitVM, constructed on BitcoinOS and Polygon CDK infrastructure, is additionally supported by the Litecoin Foundation. This new Layer-2 resolution, which is EVM neatly suited, attracts consideration with its trustless constructing and objectives to bring depraved-chain liquidity to Litecoin with neat contract functionality for the primary time.
Launched in 2011, the Litecoin community has up to now targeted on speed and simplicity in day after day transactions. On the opposite hand, with LitVM, this traditional manner is altering to mix into the usual DeFi and Web3 world.
Litecoin founder Charlie Lee made the following commentary on the world:
“Security and reliability were our high priorities since we created Litecoin in 2011. This new Layer-2 resolution preserves the following tips whereas bringing Litecoin into the neat contract period.”
In step with their private statements, LitVM offers the probably now not most productive for technical fashion however additionally for cultural and financial growth. Thanks to the new community, tokenized precise-world sources (RWA), stablecoin-primarily primarily based mostly price methods, and on-chain sources similar to Runes and Lordinals will change into that that you would be able to well well perhaps judge on the Litecoin community.
*That is now not investment advice.
