Cardano’s founder Charles Hoskinson launched the idea of discussing a closer partnership with Litecoin back in July.
Cardano and Litecoin could be unlocking new features
There are a few application models, as Crypto News Flash noted, and these are discussed in detail in a new article that’s been posted by the Litecoin Foundation Director David Schwartz.
@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
Schwartz made sure to explain the fact that Cardano and Litecoin could be unlocking new features via a velvet fork, and the participation of miners in the network is voluntary.
This could turn up boosting cross-chain communication, smart contract compatibility, and scalability in the long run. He described that the far-reaching implications for both digital assets would be investigated more.
“Given the opportunity to research and provide input into the feasibility, pros, and cons of such an endeavor, I have had a number of informative exchanges with Charles’ team on not just what a Velvet Fork is, but also how it affects the base code and what it would mean potentially for the continued growth and utility of Litecoin as not just a store of value, but also as a means of exchange and method of settlement within smart contracts,” Schwartz said.
We recommend that you check out the original article in order to learn more details.
Cardano’s Ouroboros paper
Cardano remains in the spotlight these days amidst all kinds of achievements and successes.
The team revealed another great success on social media, and you can check out the tweet below:
Ouroboros paper is the 2nd most cited academic paper about #cryptocurrencies and #blockchain. The academic community recognizes the value of the #Ouroboros #PoS consensus algorithm and it shows the technological advancement of #Cardano.https://t.co/Z7E8iiESdC
— Cardanians.io (🏊 stake with us 👉 CRDNS or CRDN1) (@Cardanians_io) October 19, 2020
Stay tuned for more Cardano news.