GateHub, a platform for blockchain assets that operates on prime of the distributed Ripple fee protocol, introduced it has added help for Litecoin and can listing LTC beginning on June 2nd, 2021.
The platform will totally help LTC for deposits, withdrawals, and buying and selling on its XRPL-powered trade. Furthermore, LTC is offered for buying and selling with help for fiat (USD, EUR) and cryptocurrencies (XRP, BTC, ETH, BCH, ETC, DSH) in addition to another XRPL IOU.
Litecoin listed on GateHub
LTC shall be totally supported on GateHub as another cryptocurrency. Customers will be capable to generate a deposit handle that can direct funds to their wallets. Sending LTC is finished through GateHub owned wallets.
Importantly, the XRPL helps any-to-any trade; customers will be capable to swap LTC with any GateHub supported foreign money on the XRPL through GateHub’s trading app.
Options of Litecoin
Litecoin is an open supply software program venture and early Bitcoin spinoff that was began in 2011 by Charle Lee. It makes use of proof-of-work like Bitcoin however has a decreased block time technology (2.5 minutes), elevated most provide (84M), and makes use of a special hashing algorithm (scrypt as an alternative of SHA-256).
Firstly, Litecoin used addresses beginning with “L”. Then, following the implementation of SegWit, the brand new handle format began with a “3” which was complicated as Bitcoin additionally makes use of 3-addresses after SegWit. Litecoin made an adjustment and at the moment Litecoin SegWit addresses begin with “M”.
Customers will use M-addresses for deposits whereas withdrawals to L and M-addresses shall be supported.