Litecoin One Step Closer to Cardano Partnership and “Velvet Fork”

Key Takeaways

  • Litecoin is preparing to work with Cardano on a “velvet fork.”
  • That fork will add several features including cross-chain fund settlement, smart contracts, and improved scalability.
  • It is not yet certain that Litecoin will go forward with these plans.

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Litecoin is preparing to collaborate with Cardano on cross-chain interoperability, according to a blog post from David Schwartz, Project Director at the Litecoin Foundation.

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