Cardano And Litecoin Explore Cross-Chain Communication

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.

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:

Stay tuned for more Cardano news.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.