Cardano and Litecoin founders to discuss cross-chain collaboration 🚨 This article is 4 years old...
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Cardano and Litecoin founders to discuss cross-chain collaboration
2 min read
Updated: Jul. 8, 2020 at 6:01 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
While global businesses reeling from the implications of the ongoing pandemic, development is blooming in the cryptocurrency space.
And if all goes well, the community might see a Cardano-Litecoin branded product or project soon.
ADA-LTC shake hands
Earlier today, Cardano co-founder Charles Hoskinson reached out to Litecoin co-founder Charlie Lee on Twitter—armed with an invitation for a possible cross-chain collaboration.
@SatoshiLite it would be great to do something together. I love the idea of testing cross chain communication between Litecoin and Cardano. We got a lot of ideas and I'm sure you guys do too
— Charles Hoskinson (@IOHK_Charles) July 7, 2020
Lee replied with a “Sure!” in the wee hours of June 8, opening up the invite from mere ideation to a discussion.
Hoskinson asked if [email protected] still worked, to which Lee was quick to inform that “Litecoin doesn’t offer customer support.”
He added that a relevant person from the Litecoin Foundation—an organization that oversees development on the open-source project—will reach out to Hoskinson soon.
Haha, no. That was a joke. Litecoin doesn't offer customer support. ?@DaddyCool1991 is Litecoin Foundation's Projects Director and he will reach out to chat.
— Charlie Lee [LTC⚡] (@SatoshiLite) July 8, 2020
The community seemed pumped with the prospects of a Cardano-Litecoin collab. The two projects—althought different in their end-goals—bring about innovative tech designs and applications.
Cardano combines “pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies,” its site notes. The project has seen significant developments in the past few months, such as its work on Shelley and the native Daedalus wallet (among others.)
Over 200 stake pools are already active on the Shelley testnet, as CryptoSlate reported last month.
Litecoin, on the other hand, spun off from Bitcoin in 2011; and has been long called the “digital silver.” It was technically very similar to Bitcoin but featured a decreased block generation time, a modified GUI, and a different hashing algorithm.
The project was first to adopt the Segregated Witness technology among the top-5 cryptocurrencies in 2018.
MimbleWimble on ADA?
Litecoin’s work on MimbleWimble is active and progressing, as CryptoSlate reported this week. The framework brings about private transactions to LTC, breaking away from the earlier pseudonymity.
While there’s no discussion or confirmation on what project Cardano or Litecoin would work on, some observers suggested MimbleWimble could feature on ADA. Peer-reviewed scalability frameworks—a Cardano feature—could also spiral out.
The applications could be endless, as Hoskinson best put it :
“We got a lot of ideas and I’m sure you guys do too.”
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In this article
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Litecoin
$109.952
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Litecoin Foundation
The Litecoin Foundation is a community-led organization promoting the accessibility, adoption and development of Litecoin (LTC).
Input Output
Input Output Hong Kong (IOHK) is a research and development company committed to using the peer-to-peer innovations of blockchain to build accessible financial services for all.
Charles Hoskinson, based in Colorado, stands out as a prominent figure in the blockchain and cryptocurrency sphere.
Charlie Lee stands prominently in the cryptocurrency community as the founder of Litecoin and currently holds the position of Managing Director at the Litecoin Foundation.