The Litecoin Foundation partners with mining platform AntPool to create a transaction-focused division
The Litecoin Foundation has entered into a partnership with AntPool, in which the parties will create a new unit, Litecoin Labs. The organization announced this on its blog.
The new division will reportedly focus on research and notification of anonymous transactions, decentralized applications (dApps), the evolution of cryptocurrencies, wallets, as well as other projects aimed at “development of the Litecoin ecosystem.”
In addition, as part of the collaboration, AntPool will donate half of the mining revenues through the Litecoin Pool monthly to fund LTC Labs and directly support development initiatives.
- In early February, representatives of the Litecoin Foundation announced that the implementation of anonymous transfers based on MimbleWimble had come to an end.
- Acceptance of the protocol, according to the organization, now depends on the Litecoin community, which must demonstrate support for the upgrade.
- The exact timeline for the implementation of MimbleWimble remains unknown, but the Litecoin Foundation clarified that the update will be activated when the number of blocks supporting the protocol reaches 6048.
However, the news about cooperation had almost no effect on the price of LTC. At the time of writing, the cryptocurrency in the LTC/USD trading pair is trading in a daily minus by 4% at $120.7. Market capitalization of LTC decreased to $8.4 billion.
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